CHINA PETROCHEMICAL DEVELOPMENT CORPORATION APPROVED TO BUILD COAL-TO-CHEMICALS PLANT IN MAINLAND CHINA . . .
China Petrochemical Development Corporation (CPDC) (Taipei, Taiwan) has received the approval by supervision and management departments of Mainland China to build a coal-to-chemicals plant in North China’s Hebei Province. Coal will be used as the raw material to produce other fuels and coal-based chemicals like methanol. Diesel fuel, petrol and aircraft fuel are usually clean energy end-products of coal-to-chemical plants utilizing coal as the raw material.

CPDC became the last group of enterprises that have been approved to build coal-to-chemical plants in Mainland China. With a total investment no more than $100 million the project will be co-financed with another undisclosed company and is to be approved by the Taiwanese government, possibly within eight months.

The report also mentioned Shenhua Group, the largest coal producer also received approval of the same kind. Shenhua Group is a state-owned coal company with largest coal production in China.

CPDC is the upstream raw material main suppler for resin, engineering plastics and three major types of synthetic fibers including nylon 6 fiber, acrylic fiber and polyester fiber in Taiwan.

CPDC was established in 1969. Headquartered in Taipei, it has three main production bases that are in Miaoli County, Kaohsiung County and Kaohsiung City. Its stocks were first listed on the Taiwan Stock Exchange Corporation (TSEC) in 1991.

CPDC is the sole manufacturer of CPL in Taiwan and is among the top five nylon 6 raw material suppliers in the world. With world-leading production technology, CPDC is among the top ten acrylonitrile manufacturers in the world.

The Chinese government has long been relying on coal to produce energy, but it has started to develop new replaceable energies like nuclear, hydropower and wind power in order to reduce pollution with sustainable economic growth. (Source: Industrial Info Resources)