25 October 2012 05:23 [Source: ICIS news]
SINGAPORE (ICIS)--China's Fude (Changzhou) Energy Chemical plans to build a 1,000,000 tonne/year methanol-to-olefins (MTO) project at Changzhou in Jiangsu province, a company source said on Thursday.
The construction of the plant, which costs an investment of CNY 1.7 billion ($0.27bn), is likely to start in end-October this year, said the source, adding that the project is expected to produce 500,000 tonnes of ethylene and 500,000 tonnes of propylene annually.
After the MTO unit is completed, it will provide ethylene and propylene to a 160,000 tonne/year ethylene-propylene-diene monomer(EPDM) rubber plant, which is under construction and invested by LANXESS, the source said.
($1 = CNY6.25)
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