2009/9/28 Shanghai 









 Fujian Petrochemical (福建省泉州) 700千トン
 Jinling Petrochemical (江蘇省南京) 600千トン
 Maoming Petrochemical(広東省茂名)600千トン
 大連福佳・大化石油化工(遼寧省大連) 450千トン
 CNOOC (広東省恵州) 800千トン
 Dragon Aromatics (福建省厦門) 800千トン 


このうち、Fujian Petrochemical (福建聯合石油化工)、Jinling Petrochemical (金陵石油化学)、大連福佳・大化石油化工( 450千トン→70万トン)、CNOOC (広東省恵州)と、今回の上海石油化学が既に完成した。

Dragon Aromatics (福建省厦門)は公害問題で古雷半島に移転することとなり、2年遅れで本年に建設を開始した。


なお、Maoming Petrochemical(茂名石油化学)は環境面の承認待ちとなっている。






Producer Location 2007/1
Sinopec 上海石油化学 上海   250   850
Sinopec 揚子石油化学 江蘇省南京   800   800
CNOOC/Kings Group (60/40JV) 広東省惠州     800
青島麗東石油化学 山東省青島   700   700
PetroChina 遼陽石化化繊 遼寧省遼陽   700   700
大連福佳・大化石油化工 遼寧省大連     700
福建聯合石油化工 福建省泉州市     700
Sinopec鎮海煉油化工 浙江省寧波   650   650
Sinopec金陵石油化学 江蘇省南京     600
Sinopec 天津石油化学 天津   390   390
Sinopec 洛陽石油化学 河南省洛陽   215   215
Sinopec 斉魯石油化工 山東省Zibo    65    65
PetroChinaウルムチ石油化学  新疆ウイグル自治区ウルムチ    60    60
Total  3,830  7,230

China PX balance (kt)

  Output Import Export Consumption 
2005 2,240 1,610 60 3,790   
2006 2,620 1,840 100 4,360   
2007 3,350 2,903 252 6,001   
2008* 3,700 3,404 448 6,660   

* 2008 PX Output is estimated.


15 January 2009 05:35 [Source: ICIS news]

PetroChinas Urumqi PX plant may face further delays

State-run oil giant PetroChinas 1m-tonne/year paraxylene (PX) project in Urumqi, which is due for start-up by the end of this year, could face further delays despite protests from the local Xinjiang government, a source close to the company said on Thursday.

The (local) government is keen on bringing the plant on-stream as soon as possible. But the board of management at PetroChina wants to delay this project for as long as they can,he said.

Local government officials are keen to have the plant up and running despite the lack of ready customers downstream that will purchase its PX output.

We want this project to be completed as soon as possible as it would stimulate economic growth as well as create hundreds of jobs for the locals here,said Hu Zehong, director of project management at Urumqi Development and Reform Commission.

The disagreement between the two parties stems from the lack of viable buyers for the deluge of material that will be produced. It was earlier reported that the Urumqi plant commissioning had been delayed for about three months to end-2009 due to poor weather conditions.

[PetroChinas] management has no idea what to do with so much PX when the unit comes on-stream,the source said.

The nearest purified terephthalic acid (PTA) plant, which is a direct downstream of PX, is about 1,900 km away at Luoyang in Henan province.

Urumqi, the capital of the Xinjiang autonomous region, is located at the far north western part of China bordering countries such as Russia, Kazakhstan, Kyrgyzstan, Tajikistan, Mongolia and Afghanistan. Railways and trucks are the main form of logistics for trade goods transportation in the region.

We cannot easily move the materials around as PX is a flammable substance. Logistics is going to be a major problem for us,the source added with regards to liquid PX.

Plans for a downstream PTA plant in Urumqi have reportedly been shelved due to the high cost.

(The) management (had) applied to the National Development and Reform Commission (NDRC) to build a downstream purified terephthalic acid (PTA) plant but later realised that it is going to cost them at least Yuan (CNY) 4bn,said the source close to PetroChina, adding that raising such a sum in the middle of a global credit crisis is extremely challenging. The NDRC is the central governments macroeconomic planning agency.

Agricultural and stockbreeding remains the main livelihood of Xinjiangs 19.6m population, which is less than 1.5% of Chinas total population.

2009-Sept. 28 (Xinhua)

China's MOC sets conditions on GM-Delphi deal

China's Ministry of Commerce (MOC) issued a statement late Monday saying it would approve U.S. automaker General Motors Co.'s (GM) plan to buy part of parts supplier Delphi Corp, but set conditions on the deal to avoid restricting competition.

The approval came after an anti-monopoly probe by the MOC into the deal last week and negotiations with the two companies over the deal conditions, aimed to avoid exclusion or restriction of competition, according to the statement.

The conditions include a ban on GM and Delphi exchanging trade secrets on Delphi's other Chinese customers, to prevent GM from getting confidential and competitive information.

Delphi should also maintain the timeliness and quality of supplies indiscriminately to the other domestic automakers, at market prices.

The ministry said it had discussed with the two companies its concerns on competition, and GM and Delphi had come up with solutions.

According to a Dow Jones report Monday night, authorities in the U.S. and E.U. had earlier given their approval for the deal, after Delphi, GM's former parts division, received approval from a U.S. court to sell assets to its lender and GM.

The report said this would clear the way for the auto-parts supplier, which operates 17 wholly-owned entities and joint ventures in China and 21 manufacturing sites, to end its four-year stay in bankruptcy.

Under China's anti-monopoly law, mergers and acquisitions that could impact the domestic market must undergo an anti-monopoly review.

2009-09-28 公告2009年第76

Delphi filed for bankruptcy in October 2005.

In July, a bankruptcy court judge approved plans to sell most of Delphis assets to debtor-in-possession lenders in exchange for waiving more than US$3.4bn in DIP loans.

GM will assume more than $1 billion in Delphi obligations and waive $2 billion in claims. The automaker also plans to invest $1.75 billion and provide Delphi with loans.

As part of the arrangement, GM agreed to purchase the suppliers global steering business and four plants across New York and Indiana. It will also assume more than US$1bn in Delphi obligations and waive US$2bn in claims.

2009-09-29 China Daily

Sinochem to acquire Australia's Nufarm

Sinochem Corp (Sinochem), the country's leading agrochemicals producer, yesterday said it agreed in principle to buy Australia's Nufarm Ltd for A$2.8 billion, in a move to expand its farm chemicals business overseas.

中国中化集団公司(Sinochem)は 元国営の石油トレーディング企業で、石油の探鉱開発,生産,精製まで一貫操業を目指す。
Sinochem Qingdao Co., Ltd. is a wholly subsidiary of sinochem group of China, which is one of the world top 500 enterprises. ... focusing on providing excellent crop protection products and expertise to the buyers around the globe.

Sinochem yesterday signed agreements with Nufarm, under which the company would offer A$13 per Nufarm share, the Australian company said in a statement. The price is a near 17-percent premium to Nufarm's last traded price.

The acquisition of Nufarm, should it proceed, is consistent with Sinochem's strategy to become a leading global company in the total crop protection value chain including research and development, production, distribution and services, Sinochem added.

"The potential acquisition of Nufarm will accelerate Sinochem's ambitious global growth strategy in agricultural inputs," said the statement.

The deal is subject to approval from regulators in both China and Australia, Nufarm shareholders, the Australian court and to no material adverse change in Nufarm's business prior to completion of a transaction.

Sinochem is being assisted by the Royal Bank of Scotland as financial adviser and Blake Dawson as legal adviser.

Analysts said the deal would expand Sinochem's manufacturing facilities of pesticides and herbicides, as well as extend its overseas network.

The deal would enable Sinochem to have a foothold in Australia and the Americas. It is in line with the company's overseas strategy, Chen Lei of China Galaxy Securities told China Daily.

This is the second time that a Chinese company has shown interest in Nufarm. In 2007, China National Chemical Corp (ChemChina) and two US private equity firms agreed to pay A$3 billion in cash for the company.

The Nufarm deal is "one of a range of potential growth opportunities that Sinochem is currently exploring," the company earlier stated.

The State-owned company's parent Sinochem Group, which is also China's fourth-largest oil company, earlier said it has got permission to participate in Iraq's second auction of oil and gas fields in November.

The company is one of 45 qualified to participate in the second bidding round. It now has overseas exploration and production rights in 14 oil and gas blocks in six countries.

Sinochem Group earlier participated in the first bidding round for Iraqi oil fields in June.

Analysts said the move shows that domestic oil companies are increasingly looking toward Iraq, which has the third largest proved oil reserves in the world.

2009-10-13 CCR

Tianguan Group Kicks off Complete Degradable Plastic Project

Henan Tianguan Group Co., Ltd. (Tianguan Group 河南天冠集団) recently began the construction of 100 000 t/a complete gradable plastic project.
With a total investment of RMB960 million, the construction period of the project will be three years, and after completion of the project, the sales revenue will be added by RMB2.56 billion a year for the company.

Henan Tianguan Group Co., Ltd. which was founded in 1939, is a typical ethanol enterprise with the longest history of the ethanol production. It is one of the 520 Most Important National Enterprises and one of the 50 Most Important Enterprises in Henan province. Tianguan is one of the four enterprises authorized by national government to produce fuel ethanol, the only national cyclic economy demonstration enterprise in the alcohol industry and the only enterprise approved to establish postdoctoral center in alcohol industry.

Tianguan is main enterprise of the New Energy and High Technology Industry Base, where Secretariat of China National Fuel Ethanol Technical Committee of Standardization set up. Tianguan has 2 wholly owned subsidiary companies, 3 affiliated plants, 8 holding subsidiary companies, 4 joint Stock Companies, 1 National Class Enterprise Technical Center and one provincial biofuel engineering technology research center. Tianguan owns the biggest fuel ethanol production line in China with capacity of 500 thousand tons per year, the biggest gluten powder production line in the world with capacity of 70 thousand tons per year, and the biggest industrial biogas plant in Asia. It is the only enterprise in China, which has the production lines of the three bio-energy products, fuel ethanol, industrial biogas and biodiesel. Tianguans annual sales income is 3.5 billion RMB, and its tax and interest is 180 million RMB.

2009-10-14 CCR

US$1.1 BLN Soda Ash Project Kicks off in Jiangsu

Taiwan Glass Group 台湾玻璃, one of the top ten float glass manufacturers in the world, held a groundbreaking ceremony for the construction on its 1.0 million t/a Hou's process soda ash integrated project in Huai'an of Jiangsu province江蘇省淮安市 on September 29th, 2009. Taiwan Glass Group scheduled to totally invest US$1.14 billion on this project, including US$600 million for the first phase.
This project has a capacity of
1.0 million t/a for both soda ash project and ammonia chloride project, as well as a 1.2 million t/a capacity for its matching vacuum salt unit真空塩. The project is due for completion in the fourth quarter of 2011, and when in full operation, it will make full use of the abundant salt mineral resources in Huai'an to produce soda ash as feedstock for its glass production. Taiwan Glass Group estimated that this project will contribute annual sales revenue of RMB3.0 billion for the company after 2011.
Taiwan Glass Group has begun to invest in mainland since 1993, and now, it has owned plants in many areas such as Kunshan of Jiangsu province, Qingdao of Shandong province and Chengdu of Sichuan province.

2009-10-14 China Daily

Sinopec to start huge ethylene project in Zhenhai

Sinopec plans to start a 1-million-ton-per-year ethylene complex in Zhejiang province by the end of the first quarter of 2010 at the earliest, industry sources said yesterday.

The project is located in Zhenhai in the city limits of Ningbo. It is linked with a refinery in Zhenhai, now the biggest one under Sinopec's ownership.

Sinopec, Asia's largest refiner, aims to eventually double the capacity of Zhenhai ethylene complex to 2 million tons per year, making it one of the world's biggest, Reuters reported yesterday.

Construction of the project will be completed by the end of this year. It is scheduled to start operation at the end of the first quarter of 2010 or early in the second quarter, said the report, citing an unnamed person familiar with the project.

Construction of the project is in line with China's stimulus package for its petrochemical industry. Under the plan, China will build three or four oil refining bases in the Yangtze River Delta, Pearl River Delta, and Bohai Sea-rim economic zone. The oil refining bases will have a minimum refining capacity of 20 million tons each.

Together with the refining facilities, three or four ethylene projects with annual production capacities of 2 million tons each will also be built.

Last month Sinopec and German chemical maker BASF announced they would jointly invest $1.4 billion to expand their joint venture in Nanjing in Jiangsu province. The project included expansion of an existing steam cracker, under which its capacity will be increased to 740,000 metric tons a year from 600,000 tons. A steam cracker is a facility to produce ethylene.

The expanded project will produce downstream specialty chemicals for the Chinese market, serving multiple industries such as construction, electronics, pharmaceuticals, automotive and chemical manufacturing, the two companies said in a joint statement.

2009-10-16 Xinhua News Agency

Sinopec Yizheng Fiber to invest RMB1.58 bln in BDO

Sinopec Yizheng Chemical Fiber Company Limited announced on Friday that it would invest 1.58 billion yuan in building a
BDO (1,4-butanediol) project with annual production capacity of 100,000 tons.

The company said to Xinhua that the
50,000-ton BDO production would be directly sold to the market and the remaining 50,000 tons would be used to produce 35,800 tons of THF (tetrahydrofuran) and 4,900 tons of GBL (gamma-butyrolactone).

Yizheng Chemical Fiber will cover 40 percent of the investment, with the remainder from bank loans.

BDO is a substance widely used in the production of engineering plastics, chemical fibers, solvents and medicine.

Sinopec Yizheng Chemical Fibre to Expand PBT Production




Sichuan Tianhua Fubang Chemical Co. and Invista have signed a licensing agreement under which Tianhua Fubang will use Invista's technologies to produce BDO and PTMEG in China's Sichuan Province.
Tianhua Fubang plans to invest RMB 2.4 billion to build facilities in Luzhou City for the production of 60,000 t/y of BDO and 46,000 t/y of PTMEG. No construction schedule was available.
Invista said the licensing agreement covers the manufacturing processes, required technologies, product formulation and engineering services.

2009-10-17 Xinhua            2009/7/14 中国政府系ファンドCIC、カナダの資源大手に出資

China sovereign fund buys 45% stake in Russian oil company

China Investment Corporation (CIC), the nation's sovereign wealth fund, announced Friday that it had closed the first phase settlement for the purchase of a 45 percent stake in Nobel Oil Group.

Nobel Holdings owns all of the assets of Nobel Oil in Russia, comprising three producing oil fields with a combined production capacity of 150 million barrels of oil.

Last month, the three joint venture partners signed an agreement under which CIC and Oriental Patron said they would provide $300 million to develop Nobel Oil's oilfields in Russia's Komi Republic, according to Interfax.

The $300 million investment would be completed in two phases. In the first phase, which was completed by the end of September, CIC had spent $100 million for holding the Russian oil company's stakes, and $50 million for operating expense of the oil fields, according to the announcement.

It said that the remaining $150 million would be paid off in the second phase, in nine months, to buy oil and gas reserves amounting to 150 million barrels around existing ones.

When the purchase was done, CIC will hold 45 percent of the company's stake while the Russian company will own 50 percent and the rest 5 percent will go to a Hong Kong investor. (Hong Kong-based Oriental Patron Financial Group

The was CIC's second move within one month to buy shares in overseas oil and gas companies. At the end of September, CIC paid $939 million for a stake in Kazakhstan oil and gas company JSC KazMunaiGas Exploration Production.

Zhuang Jian, a senior economist with the Asian Development Bank, said that under the forecast of excessive fluidity and devaluation of the US dollar, CIC's investment in bulk commodities like oil and gas would be a better option to mitigate risks in China's huge foreign exchange reserves.

These deals show that CIC is attaching more attention to resource commodities and intends to diversify its assets arrangement from its early preference of investing in financial sectors, said Chen Fengying, director of Institute of World Economic Studies under China Institute of Contemporary International Relations.

Chen also said that future price hikes of resource commodities, resulting from devaluation of the dollar and recovery of the world economy, might bring better profits to CIC.

Launched in September 2007 with a registered capital of $200 billion from China's huge foreign exchange reserves, CIC has been criticized for suffering book value losses after it purchased stakes in Blackstone Group and Morgan Stanley in 2007.

2009/10/15 Reuters

Kaisun Energy Group, a Hong Kong-based holding company, said on Thursday that it will buy out a Russian oilfield company, Nobel Holdings Investments, invested in by China Investment Corp.
Kaisun said the two sides had signed a memorandum of understanding and that due diligence would start next week to determine the value of the deal.

挑戦者集団(CHALLENGER GROUP) は2009323日付け公告で、新社名「凱順能源集団有限公司」(KAISUN ENERGY GROUP LIMITED)へ変更したと発表した。.


2009/9/30 Reuters

Kazakhstan: CIC buys a stake in JSC KazMunaiGas Exploration Production

Chinese sovereign wealth fund China Investment Corp, CIC, fresh from a series of investments in the global commodities sector, has confirmed today that it had purchased a stake in a Kazakhstan oil and gas company.

The deal comes less than two weeks after CIC bought a
14.5% in commodities trading firm Noble Group, lent Indonesian coalminer PT Bumi Resources Tbk $1.9 billion and sealed a cooperation pact with commodity trader Glencore.

CIC has said it paid
$939 million for about 11% of the Global Depositary Receipts (GDRs) of JSC KazMunaiGas Exploration and Production through its wholly owned subsidiary, Fullbloom Investment Corporation.

"The transaction was started from 14 July, 2009, and all necessary registration processes have now been completed," the company said in a statement published on its website (www.china-inv.cn).

The Kazakhstan firm's shares are listed on the Kazakhstan Stock Exchange and its GDRs are listed on the main market of the London Stock Exchange, CIC said.

After suffering big blows from eye-catching investments in several Wall Street financial firms last year, CIC has shifted its focus to industrial firms, especially those in the energy and commodities sector.

The $300 billion sovereign wealth fund was also in talks with Inner Mongolia Baotou Steel Rare-Earth Hi-Tech through a domestic subsidiary to set up a firm specialising in exploration and stock building of rare earth, a metal used in high-tech devices and green products. China's insatiable appetite for commodities and energy resources has spurred its state enterprises to expand their trading teams and flex their pricing muscle in global markets

CIC's investment in the Kazakhstan oil and gas firm piles onto already hefty investments made by Chinese energy firms such as CNPC, CITIC Resources and Sinopec


In April, 2009, CNPC agreed to lend $5bn to KazMunaiGas, the Kazakh national energy company. The two companies also agreed to acquire MangistauMunaiGas, a Kazakh oil and gas producer, from Indonesia's Central Asia Petroleum.

CNPC, which already holds a 67 per cent interest in the Kazakh oil producer PetroKazakhstan, has recently said it saw central Asia as its key overseas oil and gas production base, shifting its focus from Africa.


Sep 23, 2009 Reuters

Indonesia's Bumi says China's CIC lends $1.9 bln

* Latest move to secure commodities exposure
* CIC to receive 12 percent coupon on loan
* Bumi says cash will allow fast growth

China's $200 billion CIC sovereign wealth fund has lent Indonesian coalminer PT Bumi Resources Tbk $1.9 billion in its latest move to secure exposure to global commodities.

In less than a week, China Investment Corporation has also bought a 14.5 percent stake in trading firm Noble Group for $850 million and agreed a cooperation pact with commodity trader Glencore.

Shares in Bumi, one of Indonesia's biggest coal miners, rallied last week on talk that China's sovereign wealth fund was eyeing planned bonds and warrants.

Out of the total being lent by CIC in "debt-like" instruments,
$600 million is repayable in four years, $600 million in five years and $700 after six years, Bumi said.

Bumi said the cash would enable it to grow quickly and give it a stable capital structure.

"More importantly, the partnership creates the platform for CIC and Bumi
to pursue investment opportunities jointly," said Ari Hudaya, president director and CEO of Bumi.

CIC would receive a
12 percent annual cash coupon and a total IRR (internal rate of return) of 19 percent, Bumi said.



Deutsche Bank and China International Capital Corporation were financial advisers to CIC, while PT Samuel Sekuritas Indonesia advised Bumi, the company said.

Indonesia is the world's biggest exporter of thermal coal and China, a major buyer of coal, has been investing in resources globally to ensure adequate supplies of energy and minerals to feed its vast economy.

Nick Cashmore of brokerage CLSA said in a research note that
potential Southeast Asian investment targets for CIC could also include Malaysian plantation-to-power firm Sime Darby, Singapore-listed coal miner Straits Asia Resources, as well as Indonesian miners Adaro Energy and Berau Coal.

Bumi, which is controlled by the powerful, politically connected
Bakrie family, said the firm would use the money for debt restructuring and capital expenditure.

Bumi's shares, which lost about 90 percent of their value in the financial crisis last year, have rallied this year and are up 268 percent, outperforming the more than 80 percent gain in the broader market .JKSE.


Sep 17, 2009 Reuters

Glencore, China's CIC in cooperation pact-sources
* Commodity trader, China sovereign wealth fund in pact
* Move would help CIC expand commodities investment capacity
* Deal follows senior meeting in late-Aug; details unclear

China's $200 billion sovereign wealth fund has added privately-held commodities trader Glencore International AG to its roster of approved investment partners as it deepens its access to global raw material markets, two sources familiar with the matter said on Thursday.

A source familiar with China Investment Corp's strategy said Glencore and CIC's fixed-income department recently concluded a preliminary "
commodities product investment agreement". The source was not able to offer any additional details.

A manager at a trading and investment firm in Asia, which is a client of Glencore, said top management from Glencore visited CIC in Beijing in August and signed a memorandum of understanding in which CIC agreed to invest in Glencore's products or bonds.

A CIC spokesman declined to comment when contacted by Reuters.

It was not immediately clear how CIC would work with Glencore, the world's biggest commodities trader, which typically trades its own book. But Glencore also has a derivatives trading venture with Credit Suisse, which has an expanding business offering commodity investment products to customers.

CIC, founded in late 2007 and the youngest major player of the world's sovereign fund families, has set up client-like relationships with many banks and funds already, relying on external asset managers for some investment areas where it is not strong enough to play alone.

For example, CIC committed
$800 million in a new $6 billion global Morgan Stanley real estate fund late last year, thereby allowing CIC to become an investor of the fund as well as a client of Morgan Stanley in the real estate investment area.

CIC was also reported by Britain's Independent on Sunday last month to be one of six companies interested in lending cash to Glencore in return for a stake in the trading house.

Commodities is a relatively new investment area to CIC as the sovereign fund set up its commodities team within its fixed-income department only late last year.

The state fund so far has less than 10 investment professionals specialising in commodities, so the sovereign fund has to rely on external managers for investments in commodities area, said a source familiar with CIC's investment strategy.

Glencore, founded in 1974, has been one of the top sellers of primary aluminium, nickel, alumina and base metal concentrates to the Chinese market for decades.

Glencore International, the world's biggest commodity trader, and Credit Suisse (CSGN.VX) were in advanced discussion about creating the world's first physically backed aluminium exchange traded fund (ETF), four industry sources across Asia said. [ID:nSP530507]

Speculation over a possible IPO of the secretive commodities giant, estimated to be worth up to $40 billion, has been rife in recent months, but bankers told Reuters in June that any public listing was likely to be years away.


September 23, 2009 Reuter

CIC acquires 14.5% stake in Noble Group

China Investment Corp CIC), a $200 billion sovereign wealth fund, has bought a 14.5 per cent stake in trading firm Noble Group for $850 million, giving China greater exposure to global commodities and trading expertise.

The deal follows a co-operation pact between CIC and commodity trader Glencore, as China pursues resource firms to give it leverage in opaque global markets and access to the raw materials needed to feed its economy.

"A lot of sovereign wealth funds or state-linked firms are increasingly showing interest in resources, so this is in line with the trend," said analyst Lee Wen Ching of OCBC Securities in Singapore. "Noble provides access to a diversified portfolio."

Noble, with interests from Brazilian sugar to Australian coal, is the only major global commodity trading house with a public listing, compared to privately-held but bigger rivals such as Glencore, in which sources have said CIC has concluded a cooperation agreement.

CIC's small, direct stake in Noble means the wealth fund is likely to play a hands-off role in running the business, while maintaining a role as financial investor.

But the pact with Glencore will help CIC get more deeply into commodities trading, industry experts and analysts say.

Noble agreed to sell 573 million shares to CIC at S$2.1137 (Dh5.494) each, or an eight per cent discount to its last traded price.

"You have Noble trading close to an all-time high. I'm sure CIC came in and said 'if you want to give us a big stake, you would need to give a discount'," said Andreas Bokkenheuser, UBS analyst in Singapore, who has a "buy" rating on Noble.

"What CIC is doing effectively is buying into the traders of commodities, and producers of commodities."

Sovereign wealth funds around the world, which oversee about $3 trillion in assets, are stepping up their investments in overseas firms after a period of redeploying funds to stabilise home markets during the financial crisis. Singapore state investor Temasek recently bought stakes in commodity firm Olam and Brazil oil services firm San Antonio.

Shares in Noble, which were halted from trading last week when the group said it was in talks with an unidentified investor for a major stake, have more than doubled this year, beating the benchmark Singapore index, which is up by half.

For Noble, which in May bought Australia's Gloucester Coal for about $430 million and in August picked up $65m of US fuel terminal and storage assets, analysts said the deal could mean firepower for further acquisitions. "The discount is not steep - the placement will definitely strengthen Noble's capitalisation," said OCBC's Lee, who also rates Noble a "buy" with a S$2.50 target price.

"Some of it could also be used for acquisitions ? there could be more distressed assets brought about by the financial crisis."

The placement consists of 438 million newly issued shares by Singapore-listed Noble and 135 million shares from trusts associated with the interests of Noble's founder and CEO Richard Elman, said Noble in a statement. The move was seen as succession planning for Elman, 69.

"Some perceive him as a God, he's not immortal," said analyst Chris Sanda at Daiwa Institute of Research in Singapore. "I have to imagine he'll be doing a slow motion retirement and moving away from the business, eventually.

"It's not going to happen overnight, but you see the wheels of change already happening. He's respectfully offloading many of the responsibilities to very capable lieutenants."

Noble said the deal did not reduce Elman's commitment. Founded by Elman in 1987 with $100,000 in savings, Hong Kong-based Noble has expanded into a global empire that includes operations from sugar and ethanol in Brazil, soy crushing facilities in China and coal mines in Australia.

"The newly issued shares will provide the Noble Group with additional capital to pursue strategic investments in key agricultural markets globally," said Noble.

The placement is subject to approval by the Noble and CIC boards.

Bank of America-Merrill Lynch acted as placement agent to Noble and JPMorgan advised CIC.

2009-10-20 CCR

Shandong Jinling Kicks off Large Aniline Project

On October 16th, 2009 Shandong Jinling Group Co., Ltd. (Shandong Jinling 金羚集團) held a ceremony for the construction of 240 000 t/a aniline project in Dongying Economic Development Zone, Shandong province.山東省 東営経済開発区
With a planned investment of RMB800 million, the aniline project is a matching facility for its 600 000 t/a ion membrane caustic soda project.

Jinling Group is a comprehensive corporation combining wool spinning, pharmacy, real estate, shipping, international trade and catering services. It was restructured from the former Shandong Jinling Wool Textile Mill established in 1995. Thanks to its aggressive, innovative and talent-centered concept, the group has grown rapidly with a number of subsidiaries such as Shandong Jinling Wool Weaving Co., Ltd, Shandong Tianshun Pharmaceutical Co., Ltd, Shandong Jinling Properties Co., Ltd, Shandong Jinling Properties (Qingdao) Co., Ltd, Binzhou Asia and Pacific Investment Co., Ltd and Shanghai Shuojin Shipping Co., Ltd.

2009-10-20 Xinhua

Hanlong Mining invests $200m in Australian firm

Hanlong Mining Investment Pty Limited signed in Hong Kong Monday a subscription agreement with Australia's Moly Mines Limited to become the controlling shareholder of the Australian company.

Hanlong Mining Investment Pty Limited is an Australian subsidiary company wholly owned by a privately run Chinese corporation -- Sichuan Hanlong Group Ltd. 四川漢龍集團

Following a $200-million investment into Moly Mines' stock, Hanlong will become the controlling shareholder with a 55.3 percent shareholding in the company.

Hanlong will also provide $500 million in the form of project finance for the development of the world class SpinifexRidge Molybdenum Copper mine, which is wholly owned by Moly Mines.

The investment will require final approval from the Australian Foreign Investment Review Board and relevant Chinese authorities prior to completion.

This acquisition is the second major overseas acquisition for Hanlong Group, which previously invested in mining development in Africa.

Hanlong Group Board of Directors Representative Liu Han said it is extremely meaningful for a privately held Chinese company to have gained authority to develop a mine in Australia.

Liu said that they have already communicated with Australian government and he is confident that the project will be carried out successfully.

Moly Mines's Chief Operating Officer Collis Thorp said the project is ready to develop as most of the engineering and budget work have been done.

"It would take us 18 months to 21 months to construct the mine and this agreement will facilitate that," Thorp said that in two years the project should be in full production.

Sichuan Hanlong Group Limited has a wide portfolio of investments including electricity production, infrastructure development, mining resources development, pharmaceutical production, food and alcoholic beverages and some other ones.

The Chinese private enterprise has got more than 12,000 employees and the current assets of the company are in excess of several tens of billions yuan.

Moly Mines Limited is dual listed on the Australian Stock Exchange and the Toronto Stock Exchange and wholly owns the Spinifex Ridge Molybdenum Project located in Western Australia.

The project is the only large-scale molybdenum and copper resource to be discovered worldwide since 1982. Currently confirmed reserves are 350,000 tons of molybdenum and 500,000 tons of copper with further potential for increasing these figures.

CCR 2009-10-22

Wacker and Dow Corning Start to Build Second Phase of Pyrogenic Silica Plant 焼成シリカ

On October 21st, 2009 Wacker Chemie AG and Dow Corning Corporation officially started the construction of the second phase of their pyrogenic silica plant in Zhangjiagang, Jiangsu province, China. The pyrogenic silica plant, together with a siloxane plant, is a key facility of an integrated silicone manufacturing site developed by both companies at Jiangsu Yangtze River Chemical Industrial Park in Zhangjiagang to produce materials used extensively in industries including construction, beauty and personal care, power and automotives. Covering an area of one million square meters, the site is China's largest facility of this kind and among the world's largest and most advanced integrated production complexes for silicones.
The overall nameplate capacity for both siloxane and pyrogenic silica, including the second phase silica plant, is expected to be approximately
210 000 metric tons per year. Investments from both partners for the new pyrogenic silica production plant will amount to a mid double-digit million euro sum.

2008/11/19  WACKER Dow Corning張家港市でシリコーン原料生産開始

2009-10-22 chinadaily

BlueStar, Bayer sign eco-friendly tech deal

China National BlueStar (Group), a subsidiary under China National Chemical Corp (ChemChina), and Bayer MaterialScience today signed a Memorandum of Understanding (MOU) in Beijing. As part of the agreement, Bayer will provide its innovative Oxygen Depolarized Cathode (ODC
酸素還元カソード法) for use in BlueStar's membrane cells for developing advanced electrolysis solutions for chlorine production.

Bayer Material Scienceは上海では既に、同社とUhdeNora Uhde とイタリアのde Nora SpA JV)が共同で開発したOxygen Depolarized Cathode (酸素還元カソード)法の塩酸電気分解設備をスタートさせている。

As China has become the world's largest and fastest growing producer of chlorine, and given chlorine production is an intensively energy-consuming process, the partnership between BlueStar and Bayer promises significant benefits in the production of chlorine. These benefits include providing a direct reduction of up to 30 percent in electricity consumption and a corresponding indirect reduction in CO2 emission that contribute significantly to combating climate change. Based on a chlorine capacity of approximately 21 million tons in China, ODC enables a CO2 abatement potential of yearly up to 15 million tons.

"Our special Oxygen Depolarized Cathode enables the membrane electrolysis process to perform at a much lower voltage. This delivers a key breakthrough in reducing energy consumption and indirect CO2 emissions during the production of chlorine. Our vision is to leverage such innovations to help combat global climate change," said Tony Van Osselaer, member of the executive committee of Bayer MaterialScience. "By partnering with China National BlueStar (Group), we are able to realize this vision in China, and ultimately helping to enable a more sustainable and ecologically friendly production process for the chemical industry."

As one of the most successful chemical enterprises in China, Bluestar has been devoting its efforts to save the energy and improve water resources through innovation. The affiliated Bluestar (Beijing) Chemical Machinery Corporation is a prominent manufacturer, ranging the top three globally with 47 percent Chinese market share.

"We are always dedicated to be the best supplier of electrolyzing equipments for Chinese industries," said Wang Jianjun, general manager of Bluestar (Beijing) Chemical Machinery Corporation, "During the past decades, we have cut down the energy consumption in electrolyzing process by 30 percent through innovation. Our cooperation with Bayer enables us to equip our electrolyzing products with ODC so as to save more energy, as a more efficient, green solution in chlorine production."






中国とアジアのメタノール&誘導品展望、燃料用メタノール、メタノールからのガス・オレフィン製造(MTG & MTO)、大規模石炭ベース・天然ガスベースのメタノール製造、メタノール誘導品計画概要、新技術、貯蔵・輸送設備、中国の過剰能力解決策などが議論される。


詳細 http://www.chinacoalchem.com/events/2009MEOH/AsiaMeOH2009.pdf


2009-10-26 CCR

400 000 T/A DME Project Came on Stream

Hubei Biocause Pharmaceutical Co., Ltd. has put its 400 000 t/a dimethyl ether project into operation. The company released on October 26th.

既存 立地:Jinmen, Hubei


Listed in Shenzhen Stock market under listing tick 0000627, Hubei Biocause Pharmaceutical Co., Ltd is the largest producer of bulk Ibuprofen powder and tablets in China with a capacity of 3000 metric tons and 4 billion tablets. The company produces thousands of metric tons of bulk Ibuprofen substance and supplies to pharmaceutical companies from over 46 countries worldwide. It has six manufacturing sites and three research facilities.The company employs about 1800.
One of its largest plants, the Jingmen facility built in 1993, occupies 140 acres of industrial land. Designed to produce bulk pharmaceutical active ingredients and other fine chemicals under international standards, the plant meets the latest local health, safety and environmental regulations, and is capable of producing 100 gm to 3000 metric tons of API or intermediates at 8 GMP workshops under Q7A guidelines.
Biocause has in place a quality assurance system, staffed by well trained and experienced personnel, which supports the compliance of company's GMP operations.
The chemical processes for APIs and intermediates are developed in Biocause's research facilities, then transferred to Biocause's pilot and manufacturing facilities for scale-up and production.

2009/10/27 Shanghai

Cabot starts up Stage II Carbon Black project in Tianjin

On Oct. 23, 2009, Cabot Chemical (Tianjin) Co. started up its
stage II carbon black project in Tianjin Economic Technical Development Area (TEDA), Tianjin, and make total capacity reached 290,000 t/a.

According to the company, with total investment of USD 80 million, the company has built two new rubber blacks units, including a hard carbon black unit and a reinforcing carbon black unit with combined capacity of 160,000 t/a, which increased the total capacity to 270,000 ton/year from the previous 110,000 t/a. Originally, the stage II project was expected to start up by Q4 of 2008.

In Dec. 2004, Cabot Chemical (Tianjin) was set up in TEDA, Tianjin. It has completed its stage I project - with two carbon black units - in 2006. Now, the stage I project produces carbon black 110,000 t/a.

In Jun. 2005,
Cabot Performance Products (Tianjin) was set up in TEDA. It was started up in 2007 with high performance carbon black capacity of 20,000 t/a.

Now, after the stage II project completed, Cabot has 5 carbon black units in TEDA and has total capacity over 290,000 t/a.

Cabot Chemical (Tianjin) is a 70:30 jv between Cabot (China) Limited, and Shanghai Coking Chemical Company (SCCC) - a subsidiary of Shanghai based HuaYi Group. Cabot Performance Products (Tianjin) is also a jv between Cabot and SCCC.

Before the Tianjin projects, Cabot already had a jv carbon black plant in Shanghai with SCCC, named as Shanghai Cabot Chemical Co., which currently has nameplate capacity of 130,000 t/a. SCCC can provide the coal tar feedstock for the two JVs, while the carbon black products supply to the tyres producers.


Cabot Corporation Announces Capacity Expansion in China To Build World-Class Specialty Carbon Black Unit in Tianjin, China

Cabot Corporation announced today it will build a new specialty carbon black unit at its plant in the Tianjin Economic and Technological Development Area (TEDA). Cabot Performance Products (Tianjin) Company, Ltd, a joint venture with Shanghai Coking Chemical Company will invest nearly US$30 million to build the special blacks unit that will have an annual nameplate capacity of approximately 20,000 metric tons. The unit will use the most advanced energy recovery and environmental technologies available and is scheduled to begin production in the second half of 2006.

2009/10/28 Shanghai

PetroChina Fushun starts up 8 Mt/a Refining Unit in Liaoning

In Mid Oct. 2009, PetroChina Fushun Petrochemical Co. (PetroChina Fushun) has started up its new refining facility ? the 8 Mt/a Atmospheric and Vacuum Distillation Unit ? and produced on-spec products in Fushun, Liaoning Province.

As a part of the PetroChina Fushun refinery-ethylene project, the refining unit has been started construction in 2006, after the new refinery commission, PetroChina Fushun has total refining capacity at 11.5 million t/a now. The refinery was scheduled to start up in September 2008.

Currently, PetroChina Fushun
s other refining units, including a 2.4 Mt delayed coking unit, a 2 Mt/a hydrocracking unit, a 1.8 Mt/a diesel hydrofining and a 800,000 t/a coke tar Hydrofining unit are under construction.

PetroChina Fushun is also building the ethylene expansion project which has been started construction in 2006. According to the plan, with self provided naphtha feedstock, Fushun Petrochemical will expand the ethylene capacity by 800,000t/a from existing 150,000 t/a. The ethylene expansion project was originally expected to start up by 2009. But now, it will be delayed to 2011.

Below is the updated derivatives project and capacities.

Ethylene 800,000t/a
HDPE 350,000 t/a
All Density PE 450,000 t/a
PP 300,000 t/a
BTX 400,000 t/a
Butadiene extraction 120,000 t/a
SBR 200,000 t/a
Butene-1/MTBE 30,000 t/a

Oct. 22, 2009

PPG breaks ground for its first resin plant in China
 Construction begins on eco-friendlyfacility in Zhangjiagang, Jiangsu province

PPG Industries today held a groundbreaking ceremony for its first resin production facility in mainland China at the Zhangjiagang Yangtze International Chemical Industrial Park, Jiangsu province. Resins are key raw materials for paints and coatings, and the Zhangjiagang plant will supply other PPG plants throughout China, as well as automotive and industrial customers.

As our 14th plant in greater China, the Zhangjiagang plant is another example of PPGs commitment to growth in China and in the coatings industry,said Charles E. Bunch, PPG chairman of the board and chief executive officer, who attended the groundbreaking ceremony. This milestone is further proof of PPGs strategic emphasis on providing the best possible service to customers in the Asia/Pacific region, and it furthers our commitment to operating in an energy-efficient manner and with minimal environmental impact.

The Zhangjiagang plant will primarily produce water-based electrodeposition resins, which provide a more environmentally-responsible alternative to traditional resin products for use in automotive and general industrial coatings. The plant will span 60,000 square meters, and initial production capacity will be 27,000 metric tons. The plant is scheduled to begin operation in early 2011.

The construction of the Zhangjiagang plant continues PPGs trend of entering developing regions as local market demand expands,said Viktor R. Sekmakas, president, PPG Asia/Pacific. PPG was one of the first global coatings companies to invest in China, but today, the majority of resins used in PPG coatings production here are imported. This plant will supply regional PPG coatings plants with key raw materials of consistent quality, more quickly and at lower costs. Also, the central location of the Zhangjiagang industrial park strategically positions this facility to support future PPG growth in China.

Sekmakas said the facility will be a model plant in Asiain terms of its environmental features, and it will incorporate many of PPGs greenbuilding materials, such as low-volatile organic compound (low-VOC) coatings and low-emissivity glass. PPG will design, build and operate this facility to meet high environmental standards, conserving energy, water and raw materials and integrating state-of-the-art pollution control measures,he said.

PPG currently operates resin facilities in the United States, Europe, Brazil, Australia, South Korea and Mexico.

October 26, 2009 Xinhua News Agency

Sinopec signs MOU on Zhanjiang refinery JV with Kuwait side

Sinopec Group, together with Zhan jiang Municipal Government, signed a memorandum of understanding (MOU) on the proposed Zhanjiang refining and petrochemical complex joint ve nture (JV) with Kuwait's state-owned oil company in Guangdong's provincial capital Guangzhou on Monday.

The project, located in Zhanjiang in coastal Guangdong province at a cost of 9 billion US dollars, is expected to form a refining capa city of 15 million tons per year and an ethylene cracking capacity of 1 million tons per year respectively.

It is also learnt that the project is to add 65 billion yuan to local industrial added value and 5.8 billion yuan to local tax revenue after the formal operation, which is expected in the end of 2013.

The project was previously projected in Nansha City of the provi nce. But the proposal was dropped due to residents protest against the project's potential environmental impacts.

After feasibility study and environmental impact assessment, the project was approved to be relocated to Donghai Island of Zhanjiang C ity.

2009-11-3 CCR

Xijiang Tunhe Polyester Starts up PBT Project

Xijiang Tunhe Polyester Co., Ltd. (Xijiang Tunhe Polyester新疆藍山屯河) recently held a ceremony for the startup of 60 000 t/a PBT (polybutylene terephthalate) project in Cangji, Xinjiang.
The total investment of the project is RMB400 million, and after completion of the project, the sale revenue will be added by RMB1.0 billion a year for the company.

2009/11/4 Shanghai

江蘇索普、Dupont からVAM技術を導入

江蘇索普(Jiangsu Sopo) は10月28日、Dupont Packaging and Industrial Polymers からVAMの技術を導入する契約を締結した。


中国ではCelanese が南京に 30万トン、Sinopec Sichuan Vinylon Worksが重慶に20万トンのプラントを持っている。




 セラニーズ(南京) 60+60万トン
 BP/シノペック(YARACO:重慶) 35+65万トン
 同(BP BYACO:南京) 50万トン
Yankuang Cathay(山東省滕州) 60+40万トン
Shanghai Wujing(上海)* 55万トン
 Daqing Oilfield Methanol (大慶) 20万トン
 Shandong Hualu Hengsheng Chemical
山東省) 20+60万トン


*Shanghai Wujing
  Shanghai HuaYi Group上海華誼集団公司)の子会社

On Sep. 08, 2008, Praxair (China) has signed a long-term supply contract with Anhui HuaYi Chemical Co., an subsidiary of Shanghai HuaYi Group. Under this contract, Praxair China will build another of the largest single-train air separation plants in Asia. The plant, due to start up in early 2011, will supply 3,000 tons per day of oxygen for the HuaYi coal chemical project in Wuwei.


Nov 10 2009

Domestic PTMEG Facility Movement

Shanxi Sanwei   15ktpa
Sinochem Taicang
Hangzhou Qingyun
Hyosung Jiaxing
  postponed its commission time of 30ktpa plant to January 2010.
BASF Shanghai

2009-11-12 CCR

Daqing Petrochemical Starts up 100 000 T/A Styrene Unit

On November 6th, 2009 PetroChina Daqing Petrochemical Company Ltd. (Daqing Petrochemical) commenced the production of the 100 000 t/a ethyl benzene-styrene unit in Daqing, Heilongjiang province. Daqing Petrochemical spent around RMB300 million to construct the unit.
Daqing Petrochemical is a leading petroleum and chemical integrated company focusing on refining, chemical, fertilizer and chemical fiber businesses.

CCR 2009-11-13

China Non-ferrous Plans JV Alumina Plant in Laos

China Non-ferrous Metal Industry's Foreign Engineering and Construction Co., Ltd.
中国有色金属建設 said on November 10th that it will develop bauxite in Laos, partnering with Laos' LSI company.



Laos Mining Joint Venture Agreement Signed

Ord River Resources Limited is pleased to announce that Sino Australian Resources (Laos) Co., Ltd (
SARCO), a joint venture company between ORD and China Nonferrous Metal Industrys Foreign Engineering and Construction Co., Ltd (NFC), on 29 October 2009 signed a Joint Venture Agreement (Agreement) with Sahabolisat Lao Bolikarn Ltd (Lao Service Incorporation Ltd, LSI) to form a Joint Venture to take the Laos bauxite project to mining. ORD has a 49% ownership in SARCO. NFC has a 51% ownership in SARCO and is the operator. LSI is the current surveying license holder for the 66 square kilometre tenement. SARCO has been working closely with LSI and exploring and proving up the reserve in partnership with LSI. A formal ceremony is being planned for November 2009 in Beijing to celebrate this agreement and mark the beginning of the new development phase.
This is a significant milestone achieved in the development of the Laos bauxite project. It marks the beginning of its transition from exploration phase to mining stage. SARCO will have 51% of the JV and be the operator of the JV. LSI has 49% of the JV which includes any interest LSI is obliged to assign to the Lao government. SARCO
s 51% will not be affected in any way or form. This Agreement replaces all previous agreements.

Under the Agreement SARCO and LSI agreed to:
Build an alumina refinery which has a capacity to produce 600,000 tonnes of alumina per annum. The preliminary estimated project cost, subject to feasibility study is US$500million;
Expand the refinerys capacity to 1,800,000 tonnes per annum, subject to further feasibility study if required in the future;
Complete a feasibility study to produce an economictechnical analysis within 18 months. This period can be extended if required;
Proceed to build the refinery if the feasibility study is positive;
Form a joint venture company to carry out mining and construction of the refinery after SARCO and LSI approve the investment decision based on the feasibility study;
Seek project financing from large commercial banks including Chinese banks and regional government backed development banks; and
Contribute their respective share of project capital to the construction of the refinery.

SARCO operates a JV bauxite project in Southern Laos (ORD 49% and NFC 51%).
   Laos Bolaven Plateau Bauxite

SARCO currently has rights to 2 tenements over an area granted of 574 km2. Application for an additional 867 km2 tenement is in final stage of approval. When all tenements are granted SARCO will have access to over 1,400 km2
The bauxite potential, in the areas of interest to Ord, is estimated to be up to 2 billion tonnes
The objective is to establish a world class alumina refinery






The refinery will have a life of 30 years in accordance with Laos Mining Laws.
Managing Director, Peter Shou said,
we are now one big step closer to building a world class alumina refinery in Laos. This Agreement has given us certainty and a framework to proceed to our ultimate goal.
Over the last few years SARCO has completed majority of the necessary survey work under the Survey License and proved up 130mt of bauxite in Laos. We are looking forward to commencing the feasibility study. NFC, our partner in SARCO has a long and successful track record in developing large scale projects in challenging locations. The continuing global economic recovery will give us confidence in forecasting aluminium demand and prices and cost of construction and production. China needs aluminium. Laos
location and large proven bauxite deposit makes it very attractive to China. China prefers secure supply through direct ownership to simply importing on the market. ORD is well positioned to benefit from the development of a world class alumina refinery by working with NFC.
SARCO, as the operator of the JV is now preparing the scale and scope of the feasibility study. The feasibility study will investigate best of practice solutions to the challenges of transportation and power.
SARCO will leverage off its strong relationships with large Chinese financial institutions in sourcing project capital and seek support from regional development focused institutions such as Asian Development Bank.
SARCO will take advantage of NFC
s substantial resources and expertise in engineering, construction, mining techniques and project management to design and construct a world class alumina refinery. ORD will provide more details on the following aspects of the feasibility study once its scope is finalised


ORD is a minerals exploration and development company with projects in copper, bauxite and gold.  Our strategy is to grow by acquiring prospective precious and base metals tenements, exploring, appraising, then developing and, in time, mining gold and base metals.  ORD works closely with its partners in projects. 



China Nonferrous Metal Industry & Cons..
The Group's principal activity is committed to the exploitation of nonferrous metal resources at Mainland and abroad, international engineering project contracts, labor service cooperation and import and export. It covers nonferrous metal prospecting, nonferrous metal project designing, equipment purchasing and exporting, personnel training, metal processing, mining, dressing and smelting. It is also engaged in general contracting of other projects involving energy, transportation, public utilities and other industries. Other activities include repairing automobiles, interior finishing, wholesale and retail trading of automobile and parts, managing properties, information and consultation servicing and selling of rare earth metal, wireless telecom products and others.


Kazakhstan Aluminum Smelter Project

The signed Kazakhstan Aluminum Smelter Project is located in Pavlodar Province, northeast of Kazakhstan, surrounded by railways and main roads, which provide easy access.Construction Scale: 250 kt/a aluminum smelter to be completed in two phases. Phase I: 125 kt/a. NFC undertakes the project as an EPC contractor.

Chambishi Copper Mine of Zambia

Production capacity: ore mining 6500 t/d, mining ore 2,145 million t/a, treating ore 6500 t/d in dressing plant, copper concentrator 117,718 t/a

Vietnam Sin Quyen Copper Mine

Iran Yazd Zinc Smelter

Iran Yazd Zinc Smelter, located in the middle part of Iran, is about 700 km to the southeast of Tehran, which was designed with a capacity of 28,000t/a zinc, 2000 t/a sulfuric acid zinc and 53,000 t/a sulfuric acid.

Faryab Ferroalloy Plant of Iran

The plant, with a capacity of 13000-14000 t/a high-carbon ferro-chrome and 15000-18000 t/a high-carbon ferro-manganese, was built in 1990 and was completed in 1995

Arak Aluminum Smelter of Iran

The project is expected to build a complete and modern aluminum smelter, building 110 kt/a pot production system and 60,500t/a anode production system.

Upgrading Project of Iran Jajarm Alumina Plant

Jarjarm Alumina Plant, located in Northeast of Islamic Republic of Iran, was built in 1993 and completed in 1999. It is designed with a capacity of 280,000 t/a alumina for production of alumina with diaspore in Iran.
But the process can not overpass due to fatal design defects in high pressure digestion, finally it resulted in the commissioning fail.

The upgrading project of Jajarm was launched in Sept. 9, 2001, achieving stable production in May, 2002.

Iran Khatoon Abad Copper Plant

2009-11-19 CCR

MEG and Carbon Fiber Projects Launched in Henan

On November 17th, 2009 construction on the 200 000 t/a coal based MEG (monoethylene glycol) and 1 000 t/a carbon fiber projects was started in Shangqiu, Henan province.

The RMB700 million MEG project, jointly built by
Henan Coal Chemical Group Co., Ltd. and Tongliao Jinmei Chemical Co., Ltd., is a part of Longyu Coal Chemical phase II. After its completion, the sales revenue will be added by RMB1.2 billion a year.

The carbon fiber project is jointly constructed by
Henan Coal Chemical Group Co., Ltd. and Institute of Coal Chemistry, CAS.
With an investment of RMB740 million, the first phase of the carbon fiber project will produce 500 tons of high performance carbon fibers a year, and after completion of the first phase, the production value will be added by RMB310 million a year.

Tongliao Jinmei Chemicals Co., Ltd is planning to construct coal-made glycol project with the annual yield of 1.2 million tons. It is predicted that the investments total 10 billion Yuan (1.43 billion USD) and the project plans to be completed in three periods: the total investment amounts in the first period are about 2 billion Yuan (280 million USD) for the construction of the 150-thousand-ton glycol project and 40-thousand-ton oxalic acid project. It is predicted that the first period project will be completed in August 2009 and can produce 60-thousand-ton glycol and 40-thousand-ton oxalic acid within 2009, which will enable to produce 150-thousand-ton glycol and 100-thousand-ton oxalic acid in 2010; the second period 400-thousand-ton glycol project is predicted to start in the middle March 2010 and be completed in the end of September 2010.