China's Hanbang Petchem on track to start up Jiangyin PTA unit

09 December 2010 09:19  [Source: ICIS news]

SINGAPORE (ICIS)--China’s Hanbang Petrochemical Co is on track to start up its new 600,000 tonne/year purified terephthalic acid (PTA) plant late this month, a source close to the company said on Thursday.

The plant is located at Jiangyin in China’s eastern Jiangsu province.

“The company is at its final stage to put the line on stream,” the source said, adding that minor technical problems at the facility’s air compressor were being fixed.

The plant was expected to come on stream at around 20 December, according to a major polyester maker in Jiangyin.

About a third of PTA output from the plant was for captive use – for Hanbang’s downstream 300,000 tonne/year polyethylene terephthalate (PET) bottle chip unit, while the rest would be sold to polyester makers in Jiangyin, including Sanfangxiang and Huaxicun.

Hanbang Petrochemical is majority owned by Jiangyin Chengxin Industrial Group Co, which also runs a 300,000 tonne/year polycondensation unit that produces mainly bottle-grade PET in Jiangyin

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By: Becky Zhang
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