China's Shandong Hualu to invest $107m in polyalcohol plant

05 December 2011 07:24  [Source: ICIS news]

SINGAPORE (ICIS)--China’s Shandong Hualu-Hengsheng Group is planning to invest yuan (CNY) 680m ($107m) build a 200,000 tonne/year polyalcohol plant in Shangdong province, a company source said on Monday.

Construction work is expected to take 13 months to complete, the source said without providing an exact start-up date.

The polyalcohol plant will mainly use propylene and synthesis gas as feedstock, the source added.

The annual sales revenue from the new plant is estimated to be at CNY2bn, the source added.

($1 = CNY6.35)

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By: Adele Zhu



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