The Phase I project, the largest project which was introduced by Anhui Province, included 600kt/y methanol project and some other related facilities, with total investment of Rmb 5.2 billion.
Liu also said that the company had started construction of Phase I project which was expected to put on stream on Nov, 2011.
Huayi is a state-owned enterprise with a registered capital of Rmb 3.281 billion. It owns more than 20 wholly-owned and share-holding subsidiaries, including Double Coin Holdings Ltd., Shanghai Tianyuan (Group) Co., Ltd., Shanghai Coking & Chemical Co., Ltd., Shanghai Chlor-Alkali Chemical Co., Ltd., Shanghai Wujing Chemical Co., Ltd. Double Coin Holdings Ltd. (600623.SS), Shanghai Chlor-Alkali Chemical Co., Ltd. (600618. SS) and Shanghai 3F New Materials Co., Ltd. (600636.SS) are listed companies.
China Chemical Weekly: http://news.chemnet.com/img/articles/140/1409957_0.pdf
