Sichuan to shed $ 11 bn for chemical industrial chain

Dec 03, 2009 01:00 AM

Sichuan Province, home to 20 % of China's national gas reserves, is planning to inject yuan 74.35 bn ($ 11 bn) to enlarge its exiting natural gas industry chain into eight separate ones over the coming three years, according to the Provincial Investment Promotion Bureau.
Then total investment in the province's chemical projects will approach yuan 100 bn if the investment in 10 key projects launched and 10 technical innovation projects to be launched is counted in.

According to the source, yuan 10 bn will be allocated for the natural gas-based synthetic ammonia industry chain, yuan 4 bn for the natural gas-based cyanate industry chain, yuan 2 bn for gas-based acetylene, yuan 10 bn for natural gas and bittern integration, yuan 5 bn for gas integrated with phosphor, sulphur, and titanium, yuan 1.6 bn in natural gas and petroleum chain, and 3.75 bn for the petrochemical and mirabilite industry chain.
Besides, the bureau expressed willingness to encourage investment in services supporting natural gas and its up and downstream sectors, petrochemical downside products, and the application of new technologies.

Source / Asia Pulse Pte Ltd.
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