Chongqing Fuling to complete PTA line on time
15 April 2008 10:39 [Source: ICIS news]
SINGAPORE (ICIS news)--Chongqing Fuling Electric Power plans to complete its CNY2bn ($286m) purified terephthalic acid (PTA) project in western China on schedule by year-end for start-up in early 2009, a company spokesman said on Tuesday.
Output from the 600,000 tonne/year project at
The company planned to buy 400,000 tonnes/year of paraxylene (PX) feedstock from local producers such as Sinopec and PetroChina, the official said.
Chongqing Fuling took a 61.5% stake in its first petrochemical project while its subsidiary Guanghua Technology has a 6.7% share.
Other shareholders include Yaofu Investment (6.7%), Rong Feng Investment (20%) and China Textile Industrial Engineering Institute (5.1%). Joint venture firm Pengwei Chemical will operate the proposed unit.
($1 = CNY7)
For more on PX and PTA visit ICIS chemical intelligence
By: Florence Tan
+65 6780 4359
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
Links posted in this story:
|
|
Related Articles
- 25 Apr 08 10:01 Yisheng to shut PTA line on oversupply fears
- 24 Apr 08 12:04 Zhejiang Yisheng plans PTA shutdown on low uptake
- 08 Apr 08 04:40 Asia PTA eyes $1,000/t after China fair
- 08 Apr 08 04:37 Formosa Mailiao power outage hits 10 plants
- 04 Apr 08 05:21 Samsung prices April PTA $80/t higher
- 04 Apr 08 03:38 Formosa awaits China nod on PTA start-up
- 02 Apr 08 06:41 Mitsubishi nominates April PTA $80/t up
- 02 Apr 08 04:21 BP nominates Asia April PTA $90/t up
- 01 Apr 08 10:23 Luoyang Petrochemical plans shutdown at PTA unit
Latest News
- 23 Nov 09 19:00 VIDEO – ICIS news Americas Lunchtime Bulletin 23 November 2009
- 23 Nov 09 18:22 US existing home sales shoot up by 10% in October
- 23 Nov 09 18:00 NOON SNAPSHOT - Americas Markets Summary
- 23 Nov 09 17:50 Summary judgments denied in Cabot patent case against DuPont jv
- 23 Nov 09 17:45 US MA supplier seeks 5 cent/lb Jan increase on higher butane
Barbara Ortner looks at the off-beat and unusual side of chemical industry life.
ICIS Chemicals Confidential