The Dow Chemical Co. and the Shenhua Group (Shenhua) announced Tuesday that they have taken another important step forward by submitting Project Application Report (PAR) to the Chinese government for its approval to build and operate a world scale integrated complex of coal, power and chemicals in Yulin city, Shaanxi province. Meanwhile, discussions with relevant stakeholders are ongoing as the two partners continue to advance the project. "We are pleased to complete this important next step as we progress through the government approval process," said Peter Sykes, president, Dow Greater China. "In collaboration with Shenhua and with support from the various levels of government and all other relevant stakeholders, we have been making tremendous progress over the last few years. We are committed to China and to a successful partnership with Shenhua. We look forward to implementing a successful project in Yulin which will be a key element of our business growth strategy ranging from our building blocks to our downstream Performance and Advanced Material portfolios across Asia Pacific."
"The PAR submission for government approval marks another important milestone for the project and we are truly excited at the progress that we've made so far. We have built an excellent relationship with Dow and we believe the success of this project between Shenhua and Dow will be a showcase of great partnership between a leading Chinese state owned enterprise and a leading multinational corporation doing business in China," said Wu Xiu-Zhang, president of China Shenhua Coal to Liquid and Chemical Company Limited.
Overall resource conservation is a key design principle for the project, with advanced technology planned to optimize use of natural resources and minimize environmental footprint and water usage. The products produced will meet the highest international specifications and will provide a local and reliable supply to Chinese industries. The project supports the Chinese government's national strategy of "Going West" by making a significant contribution to the regional economy and creating high quality jobs in Shaanxi Province. It also supports China's strive to build a resource-conserving and environment-friendly society by ensuring the coordinated development of energy production and environmental protection.