28 August 2013 07:37 [Source: ICIS news]
Correction: In the ICIS story headlined “China methanol consumption for olefins to hit 150m tonnes by 2016” dated 28 August 2013, please read in the headline and the first paragraph "…to hit 15m tonnes…" instead of "…to hit 150m tonnes…" A corrected story follows.
SINGAPORE (ICIS)--China's methanol demand to produce olefins is expected to reach 15m tonnes/year by 2016 on the back of new coal-to-olefin (CTO) projects, industry sources said.
In 2012, the methanol consumption volumes of CTO and methanol-to-olefin (MTO) projects stood at almost 4.40m tonnes, according to Chemease, an ICIS service in China. MTO is one of the processes included in the CTO projects.
China’s National Development and Reform Commission (NDRC) has approved four new CTO projects in the first half of 2013 to carry out preliminary construction work, market sources said.
The four projects include Sinopec’s 600,000 tonne/year CTO plant in Guizhou province; Sinopec and Henan Coal & Chemical’s joint 600,000 tonne/year CTO plant in Henan province; China Coal’s 600,000 tonne/year CTO unit in Yulin, Shaanxi province; and Huahong Huijin’s 600,000 tonne/year unit in Pingliang, Gansu, NDRC said in a statement.
The first two CTO projects will utilise Sinopec's own technology and the other two plants will use the technology from Dalian Institute of Chemical Physics, NDRC added.
There are in total 28 CTO projects expected across China. Four of them have already been completed, according to Chemease.
For the other 20 projects, 10 have been granted approval in the past, although construction of seven of them has yet to begin, and the remaining 10 are in the planning phase, according to Chemease.
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