14 July 2006 10:44 [Source: ICIS news]
SINGAPORE (ICIS news)--The Dragon Group, a Chinese chemical producer, received approval from the central government for its CNY10.8bn ($1.4bn/Euro1.1bn) paraxylene (PX) project, a company official said on Friday.
The 800,000 tonnes/year project at the ?xml:namespace>
PX produced could be sold to its neighbour Xiang Lu Petrochemical, one of
The company is waiting for environment approval for the 600,000 tonnes/year PTA project, the official said.
Its subsidiary Dragon Special Resin operates a 480 tonne/day (158,400 tonne/year) polyethylene terephthalate (PET) bottle-grade chips line, and a 120 tonne/day line that can produce either PET industrial-grade chips or bottle-grade chips, at Haicang.
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