15 November 2012 08:21 [Source: ICIS news]
The company will invest yuan (CNY) 19bn ($3bn) in the project and the construction period is expected to be four years, the statement added.
The Inner Mongolia Development and Reform Commission has approved the construction earlier this week, it added.
The company did not disclose when construction work will be started or the start-up date of the project.
($1 = CNY 6.23)
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