28 August 2013 09:02 [Source: ICIS news]
SINGAPORE (ICIS)--China’s Yangmei Chemical is planning to construct a 220,000 tonne/year monoethylene glycol (MEG) plant at Shenzhou in Hebei province, the company said on Wednesday.
The company proposed to partner with China Prosper Investment and Management (Tianjin) to set up a joint venture to construct and operate the yuan (CNY) 1.1bn ($180m) MEG plant, according to the company in a statement to the Shanghai Stock Exchange.
Yangmei Chemical is a subsidiary of Shanxi-based coal producer Yangquan Coal.
($1 = CNY6.12)
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