China’s Liyou Capital to build coal-to-chemical project in Gansu

11 January 2012 04:09  [Source: ICIS news]

SINGAPORE (ICIS)--China’s Liyou Capital has signed an agreement with the Pingliang government on 10 January to build a yuan (CNY) 11.2bn ($1.77bn) coal-to-chemical project at Pingliang in Gansu province, a company source said on Wednesday.

The project includes a 300,000 tonne/year synthesis ammonia plant and a 520,000 tonne/year urea plant, the source said.

The company also plans to build a 50,000 tonne/year butanediol (BDO) plant at the same site, the source said without elaborating further.

Liyou Capital, which is based at Lanzhou in Gansu province, is involved in various industries including chemicals, mining, finance and transportation.

($1 = CNY6.31)

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By: Adele Zhu

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