On April 11, the project of investing 7 billion yuan in Shandong Daze Chemical's annual production of 300,000 tons of propylene oxide series started its foundation in Juye County. According to reports, the project is planned to be built in three phases. It will mainly build 300,000 tons/year of propylene oxide projects, 50,000 tons/year of dimethyl carbonate projects, 100,000 tons/year of polyether polyol projects, and 600,000 tons/year of coal. Methanol production project and 300,000 tons/year methanol-to-propylene project, etc. The project is expected to be completed and put into operation in December 2015, with an annual output value of RMB 12 billion and a profit and tax of RMB 2.5 billion.
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