On July, 6th, 2006, a 5-member group headed by President of Chengda, Mr. Caoguang, Vice president, Mr.Lu Zhengping and the designer master, Mr. Zengjilong met with President of CNOOC Chemical Co. Ltd., Mr. Yangyexin and the Director General of Methanol project, Mr. Miaoqian at the headquarter of CNOOC Chemical Co. Ltd. at Dongfang, Hainan. Both parties held an amicable and friendly discussion on building another set of 1,200,000TPY Methanol Project and the cooperation mode thereof.