China's East Hope delays PTA start-up to end-Aug

12 August 2009 09:19  [Source: ICIS news]

SINGAPORE (ICIS news)--China’s East Hope group has delayed the commercial run of its new purified terephthalic acid (PTA) plant in Chongqing until at least end of the month, citing unspecified mechanical problems, said company sources on Wednesday.

The start-up of the yuan (CNY)2bn ($293m) project has been delayed several times, with the latest schedule set in June or July of this year.

“You can say the plant was largely completed already. We need to do some rectification works in some [areas] in order to prepare the start-up, perhaps in end-August,” said one of the sources.

The company remains committed to starting up the 600,000 tonne/year plant in southwestern China near the resource-rich Sichuan province but “it’s difficult to predict when exactly the plant could run,” said another source.

East Hope is a Sichuan-based conglomerate with businesses in properties, speciality chemicals and metals. The PTA project is its first foray into petrochemicals.        

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By: Salmon Aidan Lee
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