China National Chemical Engineering signs contract for world's largest methanol project

China National Chemical Engineering Group (CNCEC) announced on Oct 8 evening that its wholly-owned subsidiary, No. 7 Construction Corporation has signed an 8.4 billion euros EPC contract with Baltic Methanol for a chemical complex project in Russia.

The construction of the project is expected to last for 48 months, and the project would include capacity to produce 5 million mt/yr of methanol based on natural gas.