China's Hanbang postpones PTA start-up to mid-2010

20 March 2009 06:48  [Source: ICIS news]

SINGAPORE (ICIS news)--China’s Hanbang Petrochemical has postponed the start-up of its new 600,000 tonne/year purified terephthalic acid (PTA) plant at Jiangyin by about six months to the middle of next year, sources close to the project said on Friday.

"We are moving toward starting production mid-year [of] 2010. We expect to firm up this schedule as time progresses," the source said.

The company said in its last statement the project, located at Jiangsu province in eastern China, would start-up at the end of 2009, but unconfirmed reports had surfaced  about a month ago that a delay was possible.

Hanbang is majority owned by Jiangyin Chengxin Industrial Group, which also has a 300,000 tonne/year polycondensation unit at Jiangyin producing mainly bottle-grade polyethylene terephthalate (PET).

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By: Salmon Aidan Lee
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