China’s Hubei Yihua Chemical runs Yichang LNG unit at 60%

06 June 2014 10:12 Source:ICIS News

SINGAPORE (ICIS)--China’s Hubei Yihua Chemical Industry has been operating its 50,000 cubic metre (cbm)/day gas liquefaction plant at Yichang in Hubei province at 60% since its start-up in early May, a company source said on Friday.

The plant processes mainly the waste gas recycled from the production of synthetic ammonia, the source said.

Its liquefied natural gas (LNG) output will be distributed in nearby markets as well as sold to north and east China.

The current EXW (ex-works) offer for volumes to south China is at yuan (CNY) 4,600/tonne ($735/tonne), the source said.

The company also plans to build liquefaction units running on the same feedstock gas at Xiaogan in Hubei province, Guizhou province and the Xinjiang Uygur autonomous region, according to the source.

Hubei Yihua Chemical Industry is largely engaged in the production and sales of fertilizer and chemical products.

($1 = CNY6.26)

By Rudy Yan