04 January 2010 17:43 [Source: ICIS news]
LONDON (ICIS news)--INEOS Phenol and ?xml:namespace>
INEOS said the expected annual capacity of the new facility would be 400,000 tonnes/year of phenol and 250,000 tonnes/year of acetone, making it the largest plant of its kind in
The company added that facility would include 550,000 tonnes/year of cumene capacity and that it expected the project to be completed in 2013.
"Building manufacturing capability in the world's fastest-growing market is strategically important for INEOS Phenol. The partnership of Sinopec, INEOS Phenol and the Nanjing Chemical Industry Park combines superior technology, full feedstock and supply chain integration, and strong operating cultures," Leen Heemskerk, CEO of INEOS Phenol, said.
INEOS expected the facility to serve the growing market for phenol and acetone in
The company, which is the world's largest producer of phenol and acetone and the only manufacturer with production facilities both in Europe and
To discuss issues facing the chemical industry visit ICIS connect
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.
|ICIS news FREE TRIAL|
|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|
Asian Chemical Connections