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China’s Dalian Mingyuan plans to build petchem plant in Oman

by ChemOrbis Editorial Team -
  • 13/09/2017 (13:31)
According to media sources, Dalian Mingyuan Holdings Group Co Ltd signed an investment agreement with the Duqm Special Economic Zone (SEZ) in order to build a major petrochemical plant that will produce olefin from methanol.

The investment plan was revealed during a promotion of the Duqm Special Economic Zone held by SEZAD in Dalian, Northeast China’s Liaoning province. An investment of around USD2.8 billion is anticipated for the first phase of the project, while the annual olefin production is expected to be 1.8 million tons.

The production from the brand new methanol-to-olefin plant will reportedly provide lower cost raw materials to the Dalian Mingyuan’s petrochemical bases located at the Dalian Changxingdao Economic Zone.
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