29 November 2013 03:50 [Source: ICIS news]
SINGAPORE (ICIS)--Mengda New Energy, a subsidiary of China National Coal Group (ChinaCoal), has started commissioning its new 600,000 tonne/year coal-based methanol plant at Ordos in Inner Mongolia, a source close to the company said on Friday.
The yuan (CNY) 3.5bn ($575m) plant is the first phase of the 1.2m tonne/year coal-based dimethyl ether (DME) project at the site, the source said.
The PP and PE plants that will each have a 300,000 tonne/year capacity will feed into the company's 500,000 tonne/year engineering plastics project, which is due to start up in end-2014, the source said.
Mengda New Energy is a 75:25 joint venture between ChinaCoal and Inner Mongolia Yuanxing Energy Co Ltd.
($1 = CNY6.09)
Additional reporting by Mindy Liu
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