Chinese Mingyuan Holdings Group Company is planning to set up a major methanol-to-olefins (MTO) plant at the China-Oman Industrial Park, in the sultanate. The plant will be set up with an investment of around $2.3 billion.
As per source, development of the set up is well planned, with the promoters looking at a capacity of 1.8 million tonnes of gas-to-methanol and methanol-to-olefins in the first phase.
