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China: Guizhou Minzsheng to Construct 600kt/y Coal-to-Methanol Project

China: Guizhou Minzsheng to Construct 600kt/y Coal-to-Methanol Project

Write: Taryn [2011-05-20]
Pu'an County Government signed an outline agreement with Guizhou Minsheng Industry Co., Ltd. on Nov. 23rd to construct 600kt/y coal-to-methanol project in Southwest Guizhou coal electrical base.

According to Wei Juncheng, president of the company, investment in this project amounted to Rmb 4 billion, with Rmb 2 billion invested in Phase I 300kt/y project.

The construction of the project will positively drive economic development and promote employment in local market.