Is Shanghai Biko investing in an MTO in Zhuhai?

Thread Content

The last edit to this post was made by jordan569 on 2013-1-6 at 20:09. The signing ceremony for the cooperation and investment agreement regarding the MTO project between the Management Committee of Zhuhai Gaolan Port Economic Zone and Shanghai BIKO Clean Energy Technology Co., Ltd. was held at the Zhuhai Resort Hotel. The establishment of this project is of great significance for the Gaolan Port Economic Zone in improving its petrochemical industry chain and building a **-level petrochemical base. 　　He Ningka, Deputy Secretary of the Municipal Party Committee and Mayor, and Sun Yuhan, Chairman of Shanghai Biko Company and Deputy Dean of the Shanghai Advanced Institute of the Chinese Academy of Sciences, delivered speeches at the signing ceremony. Zhao Jianguo from the Municipal Party Committee ** and the Party Committee of Gaolan Port Economic Zone ** presided over the ceremony. Lv Mingzhi, Deputy Chairman of the Municipal Political Consultative Conference; Zhang Song, Secretary-General of the municipal body; and Zhang Xiaomang, General Manager of Shanghai Bike Company, attended the ceremony. The relevant responsible persons from both parties signed the cooperation and investment agreement together. 　　Shanghai BIKO Clean Energy Technology Co., Ltd. is a Sino-foreign joint venture established with joint investment from the Chinese Academy of Sciences and BP Group. It focuses on the integration and commercialization of clean energy technologies for use in the industrial production of fuels and chemicals, creating value by combining China’s research and development capabilities in the energy and chemical sectors with industrial applications through innovative business models. The company will invest in the development of an integrated upstream and downstream project centered on MTO (methanol-to-olefins) in the Gaolan Port Economic Zone. The first phase will require an investment of 3 billion yuan, with another 3 billion yuan invested in the second phase, resulting in a total production capacity of 1.2 million tons of olefins. What kind of company is Shanghai Bike? P? Whose technology will they adopt? How many MTO units using imported methanol as raw material have been built so far? What are the financial prospects? . Note # ) # # , .