Sinopec, Mitsubishi Chemical, MEP launch $321m BPA, PC units

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.


To discuss issues facing the chemical industry go to ICIS connect

ICIS Free Trials Sign Up

By: Fanny Zhang
+65 6780 4359

AddThis Social Bookmark Button

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

Get access to breaking chemical news as it happens.
ICIS Global Petrochemical Index (IPEX)
ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index