Manufacturing Industry
Shandong Jiutai Chemical Group Co., Ltd. has been successfully listed in Singapore Exchange Limited with a stock name of China Energy.(Brief article)
China Chemical Reporter, January, 2007
Shandong Jiutai Chemical Group Co., Ltd. has been successfully listed in Singapore Exchange Limited with a stock name of China Energy. It has issued 252.585 million shares and raised 209.9 million Singapore Dollars (equivalent to RMB 1.065 billion).
The company is a leading dimethyl ether producer in the world. It uses coal as raw material to produce 150 000 tons of dimethyl ether a year. Dimethyl ether is a new clean energy. It can be used as vehicle fuel to replace diesel and gasoline. The dimethyl ether production in the company adopts the liquid-phase production process with complete intellectual property right. After the completion of the second-phase project by 2010, the company will acquire a capacity of 1.0 million t/a dimethyl ether and become an...
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