China’ Jiutai Energy starts building MTO project at Erdos
05 April 2012 02:42 [Source: ICIS news]
SINGAPORE (ICIS)--?xml:namespace>China’s Jiutai Energy has started building a 600,000 tonnes/year methanol-to-olefins (MTO) project at Erdos in northern Inner Mongolia, a company source said on Thursday.
Jiutai Energy is investing yuan (CNY) 8.3bn ($1.3bn) into the project, which is expected to be brought on stream in 2014, the source said.
The MTO project is expected to produce 300,000 tonnes of ethylene and propylene per year each, according to the source.
The project is mainly taking the feedstock advantage of the company’s 1m tonne/year coal-based methanol plant at the same site, the source added.
A groundbreaking ceremony of the project was held on 23 March, the source said.
($1 = CNY6.30)By: Adele Zhu
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