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(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.
mrcplast.com
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