"The 1 million tpa methanol production plant is being built by Japan's Chyioda Corporation. The company will execute the project in association with its Saudi Arabian affiliate Chiyoda Petrostar Limited. The lump sum turnkey contract, which includes utilities and offsites, is valued at $240 million. Construction of the production plant began in May 2003. The facility is due to start up in the first quarter of 2005. 'Off-plot' facilities to support the project, such as main power supply and sea water cooling, are due to be completed in the second half of 2004.
Natural gas, the primary feedstock for methanol production, will be supplied by Saudi Arabian Oil Company (Aramco)."
China's largest methanol production base, with a planned capacity of 2 million tons a year, will be built in the eastern province of Anhui.
The feasibility report has passed assessment by an expert panel, who suggested the provincial government start construction as soon as possible, sources said Saturday.
The first phase construction of the methanol project will cost 1.8 billion yuan (217 million US dollars), with an initial capacity of 500,000 million tons a year.
Covering a total area of 41 hectares, the project will be financed by seven mainland and Hong Kong partners, including Hunan Torch Investment Co., Ltd. It will be located close to the Huaibei Coal Field, one of the major coal mining areas in east China.
The coal field has a long-term reserve of up to 35 billion tons and its annual capacity stands at 31 million tons. The methanol project will have a convenient and sufficient...."
" Methanol production in Equatorial Guinea began in 2001. Feedstock for the Methanol plant is supplied from a portion of Marathons natural gas production in the Alba field. Approximately 120 million cubic feet of gas per day remaining after liquid petroleum gases are extracted is processed, producing around 2,500 metric tons of methanol per day. Production in 2003 totaled 836,000 gross metric tons (376,000 net metric tons). Production from the plant is exported to customers in Europe and the U.S."
Frederick
