24 August 2012 10:42 [Source: ICIS news]
The company has assigned the contract to Yanzhou Erdos Neng Hua Co Ltd to install the equipment at a cost of yuan (CNY) 148m ($23m), the source added.
The 600,000 tonne/year methanol plant is the first stage of Yanzhou Erdos Neng Hua’s 1.8m tonne/year coal-to-olefin (CTO) project, according to the source.
The timeline for the completion of the methanol plant and CTO project was not immediately known.
CNCEC-FCC is a subsidiary of China National Chemical Engineering Group Corporation, whose core business is to deal with engineering construction and related services in the fields of chemical, petrochemical, power, infrastructure and environmental protection.
Yanzhou Erdos Neng Hua Co Ltd is a subsidiary of Yanzhou Coal Mining Company Limited, which is a key coal producer in east
($1 = CNY 6.35)
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