24 July 2003 04:51 [Source: ICIS news]SINGAPORE (CNI)--Mitsubishi Rayon Corp (MRC) favours Huizhou Petrochemical Industry Park as the site for its 70 000-100 000 tonne/year methyl methacrylate (MMA) project in China, a company source told CNI's sister publication ACN. The exact capacity will depend on feedstock availability.
The Japanese major is also considering a number of other sites in China, including the Nanjing Chemical Industry Park and the Shanghai Chemical Industry Park (SCIP), where BASF and BP are constructing their joint-venture cracker complexes, respectively.
The Huizhou park is favoured because butadiene can be obtained from Shell Chemicals, which is building an 800 000 tonne/year cracker at the site, the source said.
Besides, Lucite has already decided to build an MMA plant in the SCIP based on offtake from BP, he added.
MRC has sought Chinese government approval for the project. It hopes to receive a favourable response this quarter.
The company aims to start construction in Q4 and bring the wholly-owned project onstream in H2 2005.
MRC intends to ship the output to Nantong, Jiangsu, China, where it plans to build a 40 000 tonne/year polymethyl methacrylate (PMMA) pellet plant and a 20 000 tonne/year PMMA-sheet unit. The PMMA-sheet plant is due to start up in Q1 2005 and the PMMA-pellet plant, next month.
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