13 September 2011 08:19 [Source: ICIS news]
SHANGHAI (ICIS)--China’s Chongqing Kabeile Chemical plans to start up its 850,000 tonne/year methanol plant in early 2013 at Chongqing Chemical Industry Park, a source close to the company said on Tuesday.
The plant, which will require an investment of yuan (CNY) 2.4bn ($376m), is expected to begin test runs in the second half of 2012 and start commercial operations in early 2013, the source added.
Construction of the plant began in December 2009, and the company is targeting a revenue of CNY2.2bn per year from sales of its methanol output, according to the source.
The company confirmed the target start-up schedule for the project, but did not disclose any further details when contacted by ICIS.
Chongqing Kabeile Chemical is a subsidiary of Chongqing Chemical & Pharmaceutical Holding in Chongqing city of southwest China.
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