20 July 2011 07:31 [Source: ICIS news]
GUANGZHOU (ICIS)--China’s Fuzhou Yaolong Chemical plans to invest yuan (CNY) 4bn ($619m) to build a 200,000 tonne/year caprolactam (capro) plant at Fujian Jiangyin Economic Development Zone in Fuzhou, Fujian province, a company source said on Wednesday.
China National Chemical Engineering Co (CNCEC) will be contracted to do the engineering, procurement and construction work for the plant, according to the source.
A timeframe has not been set yet as the construction plans for the capro plant are at the preliminary stage, the source added.
The company is relocating to the Fujian Jiangyin Economic Development Zone to avoid polluting the city and is building a 200,000 tonne/year synthetic ammonia plant and a 400,000 tonne/year soda ash plant at the new site.
The company plans to finish its relocation by June 2012, she added.
($1 = CNY6.46)
For more on caprolactam, visit ICIS chemical intelligence
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