Methanol
Industrial methanol is widely used. Besides being a good solvent for many organic matters, it is mainly used in industrial production of synthetic fibers, formaldehyde, plastics, pharmaceuticals, pesticides, dyestuffs, synthetic proteins and so on. It is a basic organic chemical raw material.
CNOOC uses natural gas as the basic raw material for the production of methanol, introducing advanced German technical facilities and actively developing this high value-added synthetic chemical product. At present, the methanol production capacity of 1 million 600 thousand tons, in the days of wild plant have been built with an annual output of 200 thousand tons of methanol plant, began production and sales of methanol in April 2006; the company base in Hainan in September 2006 has built a set of design of an annual output of 600 thousand tons of methanol in Hainan a production plant put into operation in December 2010, a design of an annual output of 800 thousand tons of methanol in Hainan two production device. A part of the production of methanol will be used in the company's production, and the rest will be wholesale sales for the market.
