(Plastemart) -- The Dow Chemical Co. and the Shenhua Group (Shenhua) announced Tuesday that they have taken another important step forward by submitting Project Application Report (PAR) to the Chinese government for its approval to build and operate a world scale integrated complex of coal, power and chemicals in Yulin city, Shaanxi province.
Meanwhile, discussions with relevant stakeholders are ongoing as the two partners continue to advance the project. "We are pleased to complete this important next step as we progress through the government approval process," said Peter Sykes, president, Dow Greater China. "We look forward to implementing a successful project in Yulin which will be a key element of our business growth strategy ranging from our building blocks to our downstream Performance and Advanced Material portfolios across Asia Pacific."
Overall resource conservation is a key design principle for the project, with advanced technology planned to optimize use of natural resources and minimize environmental footprint and water usage. The products produced will meet the highest international specifications and will provide a local and reliable supply to Chinese industries.