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.
Please visit the complete ICIS plants and projects database
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections