21 July 2011 04:57 [Source: ICIS news]
GUANGZHOU (ICIS)--China’s Shanxi Coking plans to double its methanol capacity in Hongdong county in Shanxi province to 400,000 tonnes/year by the end of 2012, a company source said on Thursday.
Under the plan, the company’s 200,000 tonne/year methanol plant will be reengineered and expanded into a 400,000 tonne/year one, according to the source.
The project is estimated to cost yuan (CNY) 450m ($70m) and construction work started in June, he added.
Meanwhile, the company on 28 June obtained final governmental approval for a 600,000 tonne/year methanol to olefin (MTO) plant at the same site and may start construction on it soon, the source said.
($1 = CNY6.45)
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