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CNOOC commences construction of fine chemical project in Hainan Province

November 16/2010

(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.


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CNOOC commences construction of fine chemical project in Hainan Province

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