SINGAPORE (ICIS)--China's Anhui government in east China has granted approval of the overall development project of a new coal-based chemical industry base in Huainan city, industry sources said on Wednesday.
The approval of the project is significant for the transformation and upgrading of Huainan's economy, as well as improving local industries’ core competitiveness, industry sources added.
The base, with a total investment of yuan (CNY) 211.3bn ($33.9bn), will have a total capacity of 16.3m tonnes/year, producing four types of coal-based products, according to the sources.
One of the four products include coal-based petrochemical products, such as ethylene and its derivatives, aromatics, ethylene glycol and its derivatives, market sources said.
The second product is alternative fuel products, consisting of coal-based natural gas, coal-to-liquids (CTL), and coal-based ethanol, they added.
The project will also produce high-end chemical products, which are fine chemicals such as high-performance synthetic rubber and elastomers, engineering plastics and special engineering plastics, as well as functional polymer material, sources said.
The fourth kind of product to be developed is basic chemicals, including urea, soda ash, ammonium chloride, nitro compound fertilizer and nitric acid, they added.
The project is expected to be completed by 2030, with the base to be built in several phases, covering a total area of about 94.98 square kilometres, the sources said.
China's Anhui coal-based chemical base project receives approval
23 April 2014 08:17 Source:ICIS News