Muscat—Dalian Mingyuan Holdings Group has signed an agreement to invest in the construction of a 10-million-t/y olefins project at a China-Oman industrial park in Oman, according to several industry sources. The first phase, estimated to cost $2.8-billion, involves the production of approximately 1.8-million t/y of olefins using methanol as feedstock. A schedule was not given.
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