China’s Xinneng Fenghuang Energy starts up methanol plant

27 March 2012 11:13  [Source: ICIS news]

SINGAPORE (ICIS)--China’s Shandong Xinneng Fenghuang Energy has started up a 360,000 tonne/year coal-based methanol plant in Shandong province in east China on 26 March, a company source said on Tuesday.

The producer started building the plant in mid-2010 and the plant is expected to achieve on-spec production at the end of March as scheduled, the source added.

ENN Energy Holdings holds a 55% stake in Xinneng Fenghuang and ENN’s total methanol capacity is expected to reach 1.32m tonnes/year after the start-up at the Shandong plant, the source said.

ENN has another 360,000 tonne/year coal-based methanol plant at Tengzhou in Shandong and a 600,000 tonne/year coal-based methanol plant in Inner Mongolia.

The minority partners of Xinneng Fenghuang are Legend Holdings, Minsheng Investment and Shandong Tengzhou Chenlong Energy Group, which hold 17.5%, 17.5%, and 10% stakes in the joint-venture, respectively.

By: Rachel Qian

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