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Industrial methanol has wide applications. Apart from being a good solvent for many organic compounds, it is used in producing synthetic fiber, formaldehyde, plastics, medicine, pesticides, dyes and synthetic proteins, etc.

The Company uses natural gas as the raw material and advanced technologies and facilities brought in from Germany to produce methanol, a high value-added synthetic chemical product. The AA class methanol facility in Tianye has a designed annual production capacity of 200,000 tonnes and has been in operation since April 2006. Through CNOOC Jiantao, we are currently constructing in Hanian a second methanol plant with a designed annual production capacity of 600,000 tonnes of methanol, which completion is scheduled for September 2006.Small part of the methanol produced by the plant will be used by the company in production, while most of the rest will be sold to wholesale customers for resale.


 
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