CNOOC Begins Construction of 800,000-Ton Methanol Project in Hainan

BEIJING--November 20, 2008--Researched by Industrial Info Resources (Sugar Land, Texas)--After three years of planning and preparations, China National Offshore Oil Corporation (NYSE:CEO) (CNOOC) (Beijing) has begun construction of a $147 million, 800,000-ton-per-year methanol project in Dongfang Chemical City in Hainan province.