Chemical prices, that have been hovering at robust rates, do not seem to waning. Prices seem set to remain strong on the back of healthy economic growth in Asia, particularly China. China's second-largest listed electricity producer - Datang International Power Generation Co. Ltd., plans to invest US$2.14 bln in a coal-to-chemicals project currently under development in northern China.
Based in Duolun county, the project is designed to produce 460,000 tpa of polypropylene, 36,000 tpa of LPG and 180,000 tpa of naphtha. The plant is estimated to commence production in H1-2009.
Feedstock will be supplied to the project from Datang's under development coal mine, Shengli East No. 2 project. This project id slated to come onstream by year end, with a first-phase capacity of 30 million tpa.
30-Aug-07 
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