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Signing of an investment deal of 2.5 billion yuan for an industrial demonstration project for producing p-xylene from methanol and toluene Author/Source: Refining & Chemical Industry Updates Date: 2020-12-31 Clicks: 19 On December 29, Daqing City ** signed a framework agreement with Zhenghua Xinxing Technology Group for this industrial demonstration project. Han Lihua, Secretary of the Party Committee of Daqing City, and Xu Zhaoting, Chairman of Zhenghua Xinxing Technology Group, attended the signing ceremony. Yan Xiangsen, the deputy mayor, and Liu Tao, the deputy general manager of Zhenghua Group, signed on behalf of both sides. Under the agreement, Zhenghua Group will use the 220,000 tons of toluene supplied to Daqing City by the Daqing Petrochemical Refining Structure Adjustment and Transformation Project as raw material, along with 404,200 tons of methanol purchased externally. By applying the innovative \"fluidized bed technology for producing p-xylene from toluene and methanol while simultaneously generating low-carbon olefins,\" which was developed by the Dalian Institute of Chemical Physics, Chinese Academy of Sciences, the group will build an industrial demonstration project capable of producing 200,000 tons of p-xylene per year from methanol and toluene. The total investment in the project is 2.5 billion yuan; it is located in the Linyuan Park of the High-Tech Zone. Construction is scheduled to begin next April, with completion and operation set for April 2023.