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English > Industry > Industry-Breaking News>China Coal Energy to Build Chemical JV in Shaanxi

China Coal Energy to Build Chemical JV in Shaanxi

05-14 12:51 Caijing



» China Coal Energy Co. will build an energy and chemical joint venture project in northern China's Shaanxi province.
» China Coal Energy will take a 30 percent stake in the 38.4 billion yuan project, while Shaanxi Yanchang Petroleum Chemical Construction Co, a local chemical and petroleum engineering company, will hold 40 percent in the venture, and X.N.Y.I Group (Thailand) Co will hold a 30 percent interest.
» The first phase of the project will have annual production capacity of 1.8 million tons of methanol.
» It will also annually produce 150 million tons of heavy pyrolysis residue, 600,000 tons of methyltrioxorhenium, 600,000 tons of polypropylene, and 600,000 tons of polyethylene.
From wires
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