China’s Zhejiang Xingxing New Energy to start up MTO unit in 2013

12 January 2012 07:41  [Source: ICIS news]

SINGAPORE (ICIS)--Zhejiang Xingxing New Energy plans to start up its 600,000 tonne/year methanol-to-olefin (MTO) unit in eastern China in 2013, a source familiar with the project said on Thursday.

The new project is now under construction at Jiaxing in Zhejiang province, the source said.

Methanol will either be imported or sourced from the domestic market, depending on prevailing prices at the time of procurement, the source added.

A derivative 300,000 tonne/year polypropylene (PP) line and a 300,000 tonne/year polyethylene (PE) unit will also be built at the site, according to other market sources. There are no further details about the downstream units.

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By: Lilian Hua

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