China's largest DME plan now under construction

Construction of China’s largest dimethyl ether (DME) plant has started in Yiyang, Henan Province. Project investment is estimated at 7 billion yuan (US$910 million). Yongcheng Coal Electricity Holding Group Co., Ltd., and Haohua-Jun Chemical Group Co., Ltd. are jointly building the project, which will be known as Luoyang Yongjun New Energy Co., Ltd. Upon completion, the project will produce one million tons of DME annually. Annual sales of 3.6 billion yuan (US$468 million) is expected to be realized. (August 21, 2007)