01 March 2013 08:39 [Source: ICIS news]
SINGAPORE (ICIS)--Zhejiang Rongsheng Holding is planning to build a 1.8m tonne/year monoethylene glycol (MEG) project at Kuche in China’s northwestern Xinjiang province, a company source said on Friday.
The project is expected to cost yuan (CNY) 30bn ($4.8bn). Apart from MEG, the project is also expected to produce 110,000 tonnes/year of dimethyl carbonate (DMC) and 75,000 tonnes/year of mixed alcohol/ester by-products.
Construction of the first phase of the project, which involves a 400,000 tonne/year MEG capacity, is expected to start in the second half of March, the source said.
The first-phase MEG facility is slated to begin operation in 2015, according to the source, adding that the remaining 1.4m tonne/year capacity will come on stream in 2018.
($1 = CNY6.22)
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