Chinese authorities plan methanol, acetyls, PBT complex.(new construction projects)(Brief...

Authorities in China's Xinjiang Uygur autonomous region say they are looking to establish a major petrochemicals complex there. They are seeking investors to build plants to produce methanol, acetic acid, and acetic anhydride, as well as polybutylene terephthalate (PBT), at Nanjiang. The plants could be built as part of a joint venture with local investors, or as wholly owned units, the authorities say. The methanol unit would have a capacity of 800,000 m.t./year, and cost an estimated $240 million. It would consume natural gas from t