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.
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.
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