China Gas plans to invest 3 billion yuan to build a dimethyl ether production facility in Chongqing

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China Gas plans to invest 3 billion yuan to build a dimethyl ether production facility in Chongqing Source: Xinhua Net 2009-02-19 Reporters learned from the Chongqing Development and Reform Commission that China Gas Co., Ltd., owned by billionaire Li Ka-shing, intends to invest 3 billion yuan to establish a production facility capable of producing 400,000 tons of dimethyl ether in Wansheng District, Chongqing. It was revealed that China Gas has recently signed an investment intention agreement with Wansheng District. Dimethyl ether is a colorless gas that can replace diesel as a fuel; due to high demand exceeding supply, there is a significant shortage in the domestic market. It is expected that after the project goes into operation, annual sales revenue will exceed 1 billion yuan. It is understood that China Gas is the **largest gas supplier; it was established in 1862 and is a company owned by real estate tycoon and \"Asia’s Warren Buffett\" Li Ka-shing. Once its projects in Chongqing are put into operation, China Gas will use Chongqing as a base to expand into the entire southwestern market. (Reporter Wang Songtao) If you wish to reproduce news content published on this website, please indicate the source: Sinopec News Network. This post was last edited by wbp on 2009-3-16 09:32.]