http://www.chinadaily.com.cn/bizchina/20...

Dow Chemical Co and Shenhua Group, China's largest coal miner, will reportedly move ahead with their planned $10 billion coal-to-chemical project in Shaanxi province after a delay of at least one year.

Top executives from the companies, senior officials in Shaanxi province and representatives from the US Embassy in China attended a cornerstone laying ceremony on November 3, the China Chemical Industry News reported on Thursday.

The Yulin project in northern Shaanxi aimed to install 23 units that include a 3.32 million ton-per-year methanol facility for ethylene and propylene, which are used for making various plastics and chemical products.

"The feasibility study of the project has entered the stage of applying for an approval from the central government," the newspaper said, citing an unnamed local government official.