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It will be the largest single chemical project, and the first phase will absorb an investment of USD 10 billion. The parents will apply for regulatory approval soon.
The project will be invested and constructed by Dow Chemical (China) Investment Co., Ltd. and Shenhua Coal to Liquid and Chemical Co., Ltd., separately under the wing of the parents.
Different from traditional chemical projects depending on petroleum and natural gas, the Yulin-based project will mainly make use of rich coal and rock salt resources in the Chinese city.
The yearly output is estimated at about 3.5 million tons. Its products will include some refined chemicals such as ethylene and acrylate. The project, with the longest industrial chain, will be operated in accordance with the highest international standards.
Source: www.163.com (November 06, 2009)
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