China Gas plans to build a coal-based dimethyl ether project in Chongqing
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It is reported that **businessman Li Ka-shing has become a key target for Chongqing in terms of attracting investment; his company, China Gas Limited, intends to invest 3 billion yuan in the city to establish a fuel production facility. An intent agreement was signed with Wansheng District. It is understood that China Gas is the **largest gas supplier; it was founded in 1862 and is a company owned by real estate tycoon and \"Asia’s Warren Buffett\" Li Ka-shing. On Forbes’ 2008 list of the **top 10 richest people**, Li Ka-shing ranked third with a fortune of 179.3 billion Hong Kong dollars. An official from the Coal and Electricity Office in Wansheng District revealed that China Gas has recently signed an investment intent agreement with the district, planning to invest 3 billion yuan to build a production facility for 400,000 tons of dimethyl ether. \"We are actively in talks with the investor to finalize a formal agreement.\" ”It is reported that dimethyl ether is a colorless gas that can be used as a fuel alternative to diesel, and due to high demand, there is a significant supply gap in the domestic market. At an estimated cost of 4,000 yuan per ton of dimethyl ether, China Gas’ project will be able to generate annual sales revenue of over 1 billion yuan once it is put into operation. Based in Chongqing to enter the southwest market, regarding why Wansheng was chosen as the location, a staff member from the Wansheng District Investment Promotion Bureau said that it is mainly because dimethyl ether is a coal chemical product, with coal serving as the raw material for its production. Wansheng has coal reserves of nearly 2.5 billion tons, and low labor costs can help reduce the production costs for investors ； Furthermore, once China Gas’ project is operational, Chongqing can be used as a base to enter the southwest market. It is said that in addition to replacing fuels such as diesel, dimethyl ether can also be used as a cooking fuel. According to surveys conducted in Wansheng District, by 2010, the catering industry alone in Chongqing was capable of \"processing\" 156,000 tons of dimethyl ether.
What specific stage is this project at now?
Is this the Kei-kun who often appears in Stephen Chow’s movies? Are there still people willing to invest in coal chemical industry? Didn’t the boss of Country Garden invest some money not long ago? I wonder how things are going with that
The preliminary bidding for this project is basically complete! It uses Texaco’s technology!
Chongqing’s food industry is absolutely amazing; it could consume an entire 200,000-ton dimethyl ether plant in just one year. I’ve seen it. . . .
This project has great potential for development. We are all in the coal chemical industry, so we should take the opportunity to get involved!
So that’s the background behind it; Inner Mongolia 3D was also acquired by him
One should be cautious when investing in coal chemical industries, especially in projects related to methanol/dimethyl ether that are already overheated~~