Lurgi is awarded order for a methanol plant in China

Formal Contract Signature at EU in Brussels

11-May-2004

Lurgi is awarded order for a methanol plant in China Formal Contract Signature at EU in Brussels

On the occasion of the EU-China Business Forum in Brussels, Lurgi has signed the contract for the construction of a methanol plant today in a formal ceremony. Lurgi AG, a subsidiary of mg technologies ag, Frankfurt am Main, is to build the plant on behalf of CNOOC - Kingboard Chemical Ltd. and China National Technical Import and Export Corporation (CNTIC). The contract signing ceremony took place on the occasion of the EU-China Business Forum organized at the European Union in Brussels in honor of His Excellency, Wen Jiabao, Prime Minister of the People's Republic of China. At his first official visit to the European Union in Brussels, Premier Wen Jiabao is accompanied by a high-ranking delegation, including the Foreign Minister, Li Zhaoxing, and the Minister of Trade, Bo Xilai.

Yang Yexin, President of CNOOC Kingboard Chemical Ltd., and Jiang Xinsheng, President of CNTIC, signed the contract jointly with Klaus Moll, member of the Executive Board of mg technologies ag responsible for Industrial Plant Engineering, and Andreas Schilcher, Executive Vice President of Lurgi AG. Zhang Guorong, President of Kingboard Holdings, Jiang Lichun, General Manager of CNOOC-Kingboard Ltd., and Wu Zhenfang, Assistant President of CNOOC, and Wang Zhongan, Director of Planning of CNOOC, also attended the signing ceremony.

Lurgi's scope of contract comprises the provision of the license, the basic and detail engineering as well as the procurement of the main equipment and materials. The contract value is around US$ 90 million.

The client, CNOOC-Kingboard Chemical Ltd., is a joint venture between the state-owned Chinese enterprise CNOOC (Chinese National Offshore Oil Corporation), Beijing and the Hong Kong based Kingboard Chemical Holdings Ltd. CNOOC, incorporated in 1982 and authorized by the Chinese State Council, took charge of the exploration and development of China's offshore oil and natural gas resources and is developing into a first-class international energy company.

Established in 1988, Kingboard Chemical Holdings Limited is principally engaged in the manufacture of laminate and its related raw materials. Kingboard has been listed on the Hong Kong Stock Exchange. Kingboard also operates several chemical plants for the production of formaldehyde, using methanol as a feedstock.

https://www.chemeurope.com/en/news/37566/lurgi-is-awarded-order-for-a-methanol-plant-in-china.html