06 February 1997 00:00 [Source: ACN]
TRIPOLYTA said it would be interested in taking part in a second Chandra Asri cracker if the project is realised.
Propylene from naphtha is more feasible than from propane, a TriPolyta official explained. Participation in the cracker would also block out other potential rival propylene derivative projects, the official said.
But under bond covenant, TriPolyta cannot invest in projects unless it has a controlling interest. So until a second Chandra Asri cracker is realised, TriPolyta will push ahead with its propane-dehydrogenation project.
Chandra Asri is licensed to increase ethylene capacity to 1.375m tonne/year and propylene to 650 000 tonne/year. It is also licensed to produce 180 000 tonne/year of PP and 160 000 tonne/year of MTBE, among other products (ACN 26 May, p23).
Negotiations for the relocation have been fled up in licensing issues. TriPolyta has to determine if approval is required from the original licensor, the official said.
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