Dow, Shenhua - partner to start building clean coal plants
Shenhua Group and US-based Dow Chemical Company
have signed a cooperation agreement and announced plans for a feasibility study
to build a world-class coal-to-chemicals complex.
Domestic coal mining giant Shenhua Group and US-based Dow Chemical Company have signed a cooperation agreement and announced plans for a feasibility study, bringing the two a step closer to building a world-class coal-to-chemicals complex in Northwest China’s Shaanxi Province.
The project will use “clean coal” technologies that convert coal to methanol to produce ethylene and propylene, the building blocks of various plastics and chemical products.
The feasibility study will encompass environmental impact assessment, water supply, front-end loading engineering design, market and product mix, logistics and supply chain, and economic evaluation.
The success of this project will provide China a new and viable way to produce chemical products from its indigenous coal and salt resources, helping it to reduce its reliance on oil imports and maintain sustainable growth, said Andrew Liveris, Dow CEO.
Doesn’t it make you worry about the Oil Guys? If China cuts back on purchases, I wonder who will pick up the slack?
Posted: Fri - May 18, 2007 at 07:01 AM