07 February 2013 03:07 [Source: ICIS news]
SINGAPORE (ICIS)--China’s Xinjiang Hao Tian Xibu Investment plans to start up a 600,000 cubic metre (cbm)/day gas liquefaction plant at Kuqa county in Xinjiang Uygur autonomous region in the second half of 2014, a company source said on Thursday.
The plant is the first phase of the 1.8m cbm/day gas liquefaction project at Kuqa, which involves an investment of a maximum of yuan (CNY) 1.5bn ($241m), according to the agreement the company signed with the local government in November 2012.
The second phase project with a capacity of 1.2m cbm/day will begin constructions after the start-up of the first one, the company source said.
The project is expected to process natural gas supplied through PetroChina’s first West-East gas pipeline.
Liquefied natural gas (LNG) outputs will be mainly distributed at the company’s proposed refuelling stations, with some surplus volumes to be sold by Xinjiang Guanghui LNG Development, the source said.
Xinjiang Hao Tian plans to build 50 LNG-refuelling stations in Xinjiang, added the source.
Xinjiang Hao Tian Xibu Investment is a subsidiary of Hong Kong-listed Hao Tian Resources Group, which is principally engaged in mining and marketing of coking coal products in Xinjiang.
($1 = CNY6.23)
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
Asian Chemical Connections