Yulin, Shaanxi – China’s energy conglomerate Shenhua Group broke ground on a 400kT/year ethylene glycol (EG) plant in Yulin, Shanxi, in June.
According to Shenhua’s website, the plant also contains 1.8mT/year methanol capacity and has CNY 13.6bn ($2bn) total investment earmarked.
Located at the Yulin’s Qingshui Industrial Park, the plant is expected finish construction in 2019 and start trial runs in 2020.
With arms in the coal, power, railway, port, shipping and chemical sectors, the group saw its revenue rise by 20% last year to CNY 250bn.
Exchange Rates: Xe.com 24 July, 2017