China's Ningbo Heyuan to start Zhejiang MTO plant in end Dec

23 November 2012 07:17  [Source: ICIS news]

SINGAPORE (ICIS) – China’s Ningbo Heyuan Chemical aims to start up its 600,000 tonne/year methanol-to-olefin (MTO) plant at Zhejiang province at the end of December, a company source said on Friday.

The start-up schedule has been put off by one month because of slower-than-expected progress, the source said.

The new plant will produce 200,000 tonne/year of ethylene and 400,000 tonne/year of propylene, the source said.

These will be fed into the downstream 300,000 tonne/year polypropylene (PP) unit and 500,000 tonne/year monoethylene glycol (MEG) plant at the same site at Ningbo Industry Zone in eastern China’s Zhejiang province.

Zhejiang Tiansheng, the parent company of Ningbo Heyuan, has invested a total of yuan (CNY) 5.8bn ($884m) on the new plant.

The plant requires 1.8m tonnes per annum of methanol to run at full capacity, the source said.

“We have mostly secured our methanol supply contracts. We will source methanol from the Middle East, Taiwan and the domestic market,” the source said.

Upon completion, it will be the world’s first MTO-based MEG plant.

By: Becky Zhang
+65 6780 4359

AddThis Social Bookmark Button

For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.

Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.

Printer Friendly

Get access to breaking chemical news as it happens.
ICIS Global Petrochemical Index (IPEX)
ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index