China’s CNEC to Build USD3.98 Billion Ukrainian EPC CTL Project Tang Shihua China’s CNEC to Build USD3.98 Billion Ukrainian EPC CTL Project
(Yicai Global) Dec. 18 China National Chemical Engineering Group Corp. will build a large coal-to-liquids project in Ukraine under an engineering, procurement and construction contract for EUR3.25 billion (USD3.98 billion), the well-known Chinese international engineering contractor announced yesterday.
The project in Lviv near the country’s border with Poland is designed to process 6 million tons of raw coal a year into gasoline and chemical products such as methyl alcohol and dimethyl ether. Construction will take 32 months, per the announcement, which gave no start date.