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Chemical Week Magazine :: Business & Finance :: Asia/Pacific
Total gets green light for coal-to-olefins JV in China
5:54 AM MST | January 24, 2014 | —Francinia Protti-Alvarez
Total says Chinese authorities have given it the go-ahead to proceed with a coal-to-olefins joint venture with China Power Investment (CPI; Beijing) in the autonomous region of Inner Mongolia, China. The project will cost about $4 billion, according to various media reports. Total signed a framework agreement for the project with CPI in 2011. The plant, expected to be built at Ordos, is likely to produce 800,000 m.t./year of polyolefins, the reports add. The project has entered an advanced study stage, and the plant should begin production after 2017, Total says...
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