China’s Shanghai Bi Ke to build MTO project in Zhuhai

30 July 2012 08:35  [Source: ICIS news]

SINGAPORE (ICIS)--China’s Shanghai Bi Ke Clean Energy Technology (CECC) plans to build a 1.2m tonne/year methanol-to-olefins (MTO) project in Zhuhai, Guangdong province in south China, a statement from the Zhuhai municipal government said on Monday.

 The project, which will cost yuan (CNY) 6bn ($940m), will be constructed in two phases, and is expected to be able to produce a total of 1.2m tonnes of ethylene and propylene products when it comes on stream, according to the statement.

Details on the expected start-up date were not immediately available. 

The Zhuhai government and the company signed a cooperative contract on the project on 25 July, but did not disclose any further construction details, according to the statement. 

CECC is a joint venture between China Academy of Science (CAS) and BP, with CAS holding 51% of the registered capital and BP holding 49%.

($1 = CNY6.38)

By: Dolly Wu
+65 6780 4359

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