Fund Energy Changzhou Co., Ltd

Established in November 2011, Fund Energy Changzhou Chemical Development Co., Ltd. (“Fund Energy (Changzhou)”) is located in Changzhou, Jiangsu Province, occupying an area of 880 mu, with a total investment amounting to RMB3.5 billion.

At present, Fund Energy (Changzhou)’s facilities are under construction. It has a 1mt/a MTO unit , a 90kt/a OCU unit and a 300kt/a PP unit. With construction started in May 2012, the project has completed basic design and is scheduled to be operational in the first half of 2015.

The Company will adopt DMTO technology indigenously developed by China. Its major products include ethylene, polypropylene, C4 and C5, creating annual output value of approximately RMB3.6 billion.

 

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