@@ The State Development and Reform Commission has recently approved the feasibility study report on the 600,000-ton methanol unit project, which is a joint venture between CNOOC Chemicals Ltd and Hong Kong Jiantao Chemical Group. Negotiations and design of the auxiliary facilities will start soon. The project will use natural gas from the second phase of Dongfang Gas Field in South China Sea as raw material. The main units of the project will be procured through international bidding so as to select the world's latest patent technology and production process. Construction is scheduled to kick off before the end of this year. The project is expected to come into operation in the first half of this year.
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