14 January 2010 08:20 [Source: ICIS news]
SHANGHAI (ICIS news)--Jiaxing Petrochemical, a subsidiary of the Tongkun Group, plans to build an 800,000 tonne/year purified terephthalic acid (PTA) plant at Jiaxing, in China’s eastern Zhejiang province, a source with Tongkun said on Thursday.?xml:namespace>
Jiaxing Petrochemical would operate the plant, which will be located in the Zhapu Economic Development Zone, the source said, adding that the total investment for the plant and auxiliary facilities was yuan (CNY) 3.04bn ($
“The formal construction work will kick off around this July and August, and the plant is due to come on stream in 2012,” the source said.
“We will buy the feedstock for the plant, as we don’t produce paraxylene (PX), and the company plans to use the PTA output for captive use in its polyester plants,” the source added.China
The local Jiaxing Development and Reform Commission said on 16 November 2009 that
Tongkun Group is a leading domestic producer of polyester filament yarn and polyester chips. It is headquartered in Tongxiang, in eastern
Last month, the NDRC approved Jiangsu Sanfangxiang Group Co’s 600,000 tonne/year PTA plant in eastern
PTA is a key feedstock for polyester production.
($1 = CNY6.83)
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