China’s Shaanxi Xingwang to build Xianyang coal-to-chem project

05 April 2012 12:18  [Source: ICIS news]

SINGAPORE (ICIS)--China’s Shaanxi Xingwang Group signed an agreement with the local government to build a coal-to-chemical project at a cost of yuan (CNY) 44.6bn ($7.07bn) at Xianyang in Shaanxi province, a company source said on Thursday.

The coal-based complex is expected to produce 3.6m tonnes/year of methanol and 1m tonnes/year of coal tar, said the source.

It will also have a total methanol-to-olefins (MTO) capacity of 1.4m tonnes/year and a coking unit, added the source, without providing details of the coking unit’s capacity.

The project will be built in several phases, the first of which will be the construction of a 680,000 tonne/year MTO unit at a cost of CNY11.8bn, said the source.

Construction of the MTO unit is expected to be completed in two years, the source added.

However, the source did not say when construction of the first phase will begin and did not provide details of the other phases.

($1 = CNY6.31)

 


By: Adele Zhu



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