Oil Corp. (CNOOC) has started constructing a CNY 8.3 billion fine chemical project in Dongfang city industrial park, Hainan Province. The project will be constructed in two phases. The first-phase project, to start operation in December 2012 with CNY 4.341 bln investment, will produce liquefied natural gas, MTBE, naphtha and diesel. The second-phase project will produce acrylonitrile, styrene, MMA and acetonitrile and is estimated to start operation in April 2013. The fine chemical project is a key project of Hainan's 11th five-year plan to count on the abundant offshore oil resources in Hainan. It will adopt deep catalytic cracking technology according to the nation's clean production and green chemical development principles.
16-Nov-10 
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