31 August 2009 08:40 [Source: ICIS news]
GUANGZHOU (ICIS news)--Sinopec, Mitsubishi Chemical Corp (MCC) and Mitsubishi Engineering Plastics (MEP) have launched a joint venture to build bisphenol-A (BPA) and polycarbonate (PC) plants in Beijing, a source from the Chinese oil major said on Monday.
A special ceremony was held on 28 August to mark the launch of the joint venture – Sinopec-Mitsubishi Polycarbonate (Beijing) Co (SMP) – which was registered on 21 May, the source said. .
The joint venture would include a 150,000 tonne/year BPA plant and a 60,000 tonne/year PC plant at the site of Sinopec’s subsidiary Beijing Yanshan Petrochemical, Sinopec said in a press release.
The construction of the facilities at a cost of yuan (CNY) 2.2bn ($321m) would be completed by 2010, the release said.
Sinopec Yanshan Petrochemical would supply the feedstocks phenol and acetone and infrastructure for the BPA unit, while MCC would supply the major feedstock diphenyl carbonate (DPC) for the PC unit, the Chinese company said.
The plants would adopt MCC’s production technologies, Sinopec added.
Sinopec would own 50% in the venture and the rest 50% would be owned by PCR Investments Japan, an 80:20 joint venture between MCC and MEP, the release said.
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