China’s Sinopec to build methanol-to-olefins project at Huainan

20 December 2010 08:16  [Source: ICIS news]

SHANGHAI (ICIS)--China’s largest refiner, Sinopec, plans to build a 1.7m tonne/year methanol-to-olefins (MTO) project at Huainan city in Anhui province, according to a statement on the company’s website on Monday.

The ground-breaking ceremony took place on 18 December.

The project, a 50:50 joint venture between Sinopec and Anhui’s Wanbei Coal-electricity Group, would cost yuan (CNY) 24.2bn ($3.6bn), the statement said.

Construction would be completed by the end of 2013, it added.

($1 = CNY 6.66)

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By: Dolly Wu
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