DSM Melamine and China National Offshore Oil Corp. Chemical Ltd (CNOOCC) have signed a letter of intent to study jointly the feasibility of building a new melamine plant on Hainan Island, China. The envisaged co-operation between DSM and CNOOCC will be 70 / 30. The total investment amount is expected to be approximately USD 100 million. The final investment decision by the two companies is foreseen for the first quarter of 2005. The new plant under study will be based on DSM technology. With a capacity of 120 kt it will be the largest melamine plant in the world. Hainan Island has been chosen as location because CNOOCC has an excellent position in natural gas there and operates a urea plant in Dongfang. In addition, the Hainan government is willing to support the project.
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