China’s coal-to-olefin production capacity to rise to 10 mln tons by 2020

30-Nov-10

China is expected to form an annual coal-to-olefin production capacity of 10 mln tons by 2020, at a required investment outlay of 250 billion yuan (US$37 billion). China has included coal chemicals in the Twelfth Five-Year Program development plan, promising to steadily promote coal chemical projects in the 2011-2015 period. Newly built capacities in this year include 8.6 mln tons of methanol; 1.48 mln tons of coal-to-liquid and 1.55 mln tons of coal-to-olefin.