Contract signed for the feasibility study of SPIC’s coal-based polyolefin project
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The last edit to this post was made by jordan569 on 2013-1-6 at 20:31. On August 8, 2011, a ceremony was held in Beijing to sign the contract for consulting services related to the preparation of the feasibility study report for a project jointly developed by China Power Investment and Total, aimed at producing 800,000 tons of coal-based polyolefins per year; this project was undertaken by Wuhuan Engineering Company. It is reported that on March 9, 2011, SPIC and Total signed a strategic cooperation framework agreement for a coal-to-olefins project, aiming to build a large-scale coal-based polyolefins facility in the Dalu New Area of Zhunqi, Inner Mongolia, with an estimated investment of 27 billion yuan. . Note # ) # # , .
Five rings, um, make sure not to include China Power Investment in them.
It’s at the feasibility study stage. Keep an eye on the progress.
The road ahead is long and arduous; SPIC should keep exploring slowly. Good luck.
800,000 tons, with an investment of 27 billion – that seems a bit too much!
More or less. The project is currently in the feasibility study phase; completion in 5–8 years at a cost of 27 billion shouldn’t be too much, right? After all, PPI is so high.
If China Power Investment had been able to offer decent salaries and good positions to the employees at XXX Institute, they might have been able to recruit a few senior engineers to help them oversee things. It’s a pity that SPIC now has no choice but to take a gamble.
This project is way over the top; it’s really intense
Total isn’t a fool either; after all, they only do something if it seems feasible!
It’s not very large, but the Lu’an Group has invested 60 billion yuan in a coal-to-oil project!
There’s no such feasibility, I guess. If it is DMTO technology, it is also possible to do it in batches ； The technology currently in use is Total’s technology; in other words, it was originally UOP’s technology ； The managers of China Power Investment, hehe