21 March 2012 08:00 [Source: ICIS news]
SINGAPORE (ICIS)--China’s Shanxi province has set targets for the expansion of its coal-based chemical industry through to 2015 as part of its provincial development plan, industry sources said on Wednesday.
The provincial government is targeting to achieve yuan (CNY) 200bn ($31.6bn) in overall output from its coal-based chemical industry annually by 2015. This will account for 80% of Shanxi’s total chemical industry value, local government-owned media, Shanxi Daily, reported.
The capacities of coal-based olefins, coal-based natural gas and coal-based monoethylene glycol (MEG) in the province are targeted to reach 2.4m tonnes/year, 8bn cubic metres/year and 1m tonnes/year, respectively, by 2015, said the report.
The government did not comment on the report.
Shanxi has abundant coal resources and this expansion is in line with the industry’s sustainable development and environmental protection requirements, an industry source said.
($1 = CNY6.32)
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