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(Plastemart) -- Oil Corp. (CNOOC)
has started constructing a CNY 8.3 billion fine chemical project in Dongfang
city industrial park, Hainan Province. The project will be constructed in two
phases.
The first-phase project, to start operation in December 2012 with CNY
4.341 bln investment, will produce liquefied natural gas, MTBE, naphtha and
diesel.
The second-phase project will produce acrylonitrile, styrene, MMA and acetonitrile and is estimated to start
operation in April 2013.
The fine chemical project is a key project of Hainan's 11th five-year
plan to count on the abundant offshore oil resources in Hainan. It will adopt
deep catalytic cracking technology according to the nation's clean production
and green chemical development principles.
mrcplast.com
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