30 October 2007 15:34 [Source: ICIS news]
MUMBAI (ICIS news)--China's Jiangyin Chengxing Industrial Group plans to buy 500,000 tonnes/year of paraxylene (PX) from India to feed its purified terephthalic acid (PTA) plant, a senior company official said on Tuesday.
"We are in talks with MRPL [Mangalore Refinery and Petrochemical Limited], Reliance Industries and IOC [Indian Oil Corp] to buy the PX," said Bruce L Fryman, the group's vice-president of procurement.
The company needs the paraxylene for its purified terephthalic acid (PTA) plant at Jiangyin, which has a nameplate capacity of 600,000 tonnes/year, he told ICIS news on the sidelines of the Asian Chemical and Petrochemical Investment conference.
"We need the PX to be delivered in China by the fourth quarter of 2009," Fryman said.
"If the company gets enough PX, we may even raise the PTA capacity at our Jiangyin plant," he added.
The conference was jointly organised by ICIS and the Indian Chemical Council and concluded on Tuesday.
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