Hami, Xinjiang – China’s energy and petrochemical firm Guanghui Energy has signed a contract to build the country’s first waste gas to ethylene glycol plant. Capacity of 400kT/year is planned.
The plant, with 265,000m2 total area, is located at Naomao Lake Industrial Park in Hami. Its general contractor will be Wuhuan Engineering, a subsidiary of state-owned China National Chemical Engineering Co (CNCEC).
Construction of the new site is slated to take two years. It has CNY 3.6bn ($523 m) investment and will create 440 new jobs. The facilities are expected to generate CNY 350m annual net profit on CNY 1.5bn revenue when in full operation.
The project licenses waste heat boiler (syngas) technology jointed developed by three Chinese firms, including the engineering company, to make polyester-grade EG.
Compared to China’s most popular coal to EG method, the project is able to cut 30% costs and reduce annual direct emission of carbon dioxide by 600kT, said CNCEC.
