17 June 2013 09:49 [Source: ICIS news]
SINGAPORE (ICIS)--China’s Chongqing Changfeng Chemical plans to construct a 400,000 tonne/year formaldehyde plant at Chongqing, a company source said on Monday.
The plant including two 200,000 tonne/year formaldehyde lines and its supporting infrastructures is expected to cost around yuan (CNY) 194.2m ($31.7m), the source said without disclosing the specific start-up date.
The company will also build an upstream 800,000 tonne/year methanol plant with its supporting infrastructures, which involves an investment of about CNY624.3m, the source added.
The methanol produced will be supplied to the downstream formaldehyde plant as well as sold to the spot market, according to the source.
The whole project is expected to be completed in September 2014, the source added.
No further details were immediately available.
($1 = CNY6.13)
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