I’m interested in any technology of getting olefins. Hence this news of coal to olefin has attracted me. This technology which was lead and developed in China has announced the completion of the construction of the world’s largest coal-to-olefin plant. Read the following news from CapitalVue.
June 7 — China Shenhua Energy (601088, 1088.HK) completed the construction of the world’s largest coal-to-olefins project in Baotou city, Inner Mongolia, reports Peoples’ Daily.
Investment in the project hit 17 billion yuan.
The project is expected to record annual coal methanol production capacity of 1.8 million tons and 600,000 tons of methanol polyolefin production capacity.
The project was approved by the National Development and Reform Commission in December 2006. Construction started in 2007.
The share price of China Shenhua Energy was down 1.52 percent to trade at 23.25 yuan at 10:36 today.
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