China’s Shanxi Sanwei to supply BDO, PTMEG tech to Xinjiang Guotai

14 March 2014 06:53 Source:ICIS News

SINGAPORE (ICIS)--China’s Shanxi Sanwei Group will supply technology to Xinjiang Guotai Co to build a 200,000 tonne/year butanediol (BDO) plant and one 60,000 tonne/year polytetramethylene ether glycol (PTMEG) plant, the manufacturer said on Friday.

Xinjiang Guotai will pay yuan (CNY) 450m ($73m) transfer fee for the technology, which can be used only for the BDO and PTMEG plants, Shanxi Sanwei Group said in a statement.

It did not disclose when the technology transfer will start.

($1= CNY 6.15)

By Dolly Wu