China's Jiangsu Shenghong still keen on building PTA plant

09 March 2009 03:25  [Source: ICIS news]

SUZHOU, CHINA (ICIS news)--China’s Jiangsu Shenghong Chemical Fiber remains interested to build or operate a purified terephthalic acid (PTA) plant near its base in Wujiang but it has yet to secure a government approval on this undertaking, company sources said on Monday.

“The plans had been in place for many years. We would still want to have a PTA plant of our own,” said one of the sources.

The company has been planning to build a 600,000 tonne/year PTA facility at Wujiang in China’s eastern province of Jiangsu since 2003.

“Even if we don’t build one on our own, we could take over an existing plant if there’s an opportunity. We’re also interested to join other companies interested in such a project,” one of the sources said.

Jiangsu Shenghong remains “on the lookout for all forms of opportunities, and have not ruled out anything at this stage,” said another source.

Shenghong is one of the biggest producers of polyester filament yarns in China, with 600,000 tonnes/year in total polycondensation capacity.

For more on PTA and polyesters visit ICIS chemical intelligence
To discuss issues facing the chemical industry go to ICIS connect

By: Salmon Aidan Lee
+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.

Printer Friendly