Gas Authority of India Ltd. (GAIL) has signed a memorandum of understanding(MoU) with Shaanxi Huashan Chemical Industry Group for setting up a coal gassification-based petrochemical plant. GAIL plans to invest in the coal-methanol-petrochemical plant, to produce polyolefins and other products in the Shaanxi province. This will be followed by a joint venture between the two for implementation of the proposed project and setting up of a distribution and marketing network in China.
GAIL is taking the initiative to bring modern technology to unlock the potential value of coal acreage suitable for coal gasification in India. The technology helps in reducing manufacturing costs besides replacing existing, older and environment unfriendly facilities.
09-Sep-05 
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