China’s Shanxi Yufeng to invest $759m in coal-based chem projects

17 February 2011 06:31  [Source: ICIS news]

SHANGHAI (ICIS)--China’s Shanxi Yufeng Energy is planning to invest yuan (CNY) 5bn ($759m) to build several coal-based chemical projects in Yuanping city, Shanxi province, a statement from the local government said on Thursday.

The company has signed an agreement with the Yuanping municipal government to construct a 2m tonne/year coal coking facility, a 50,000 tonne/year maleic anhydride (MA) plant, a 50,000 tonne/year butanediol (BDO) plant and a 200,000 tonne/year methanol plant, according to the statement.

Construction of the projects would begin in May this year and is scheduled for completion in late 2013, it added.

Shanxi Yufeng officials were not immediately available for additional comments.

($1 = CNY6.59)

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By: Dolly Wu
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