SOURCE: Industrial Info Resources

March 13, 2007 06:01 ET

Ningxia Investing $12.9 Billion to Create Asia's Largest CTL Resource Base, an Industrial Info News Alert

JOHANNESBURG, SOUTH AFRICA -- (MARKET WIRE) -- March 13, 2007 -- Researched by Industrial Info Resources (Sugar Land, Texas). Chemical plants in northwest China's Ningxia Hui Autonomous Region will have the capacity to convert more than five million tons of coal per annum into chemicals such as fuel additives dimethyl ether, olefins and methanol. More than $12.9 billion will be invested in a mega-project to build Asia's largest liquefied coal base, according to the regional development and reform commission.

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