China’s Zhejiang Hengyi Caprolactam to start up plant in 2012

01 August 2011 10:32  [Source: ICIS news]

GUANGZHOU (ICIS)--China’s Zhejiang Hengyi Caprolactam plans to start up a 200,000 tonne/year caprolactam (capro) plant at Hangzhou in Zhejiang province by mid-April 2012, a company source said on Monday.

The yuan (CNY) 3.6bn ($559m) plant will include two lines, each with a capacity of 100,000 tonnes/year, said the source.

Construction of the plant began in early July 2010. The completed plant will help meet the strong demand in China, as the country currently secures more than half of its capro requirements from overseas, the source added.

Zhejiang Hengyi Caprolactam is a joint venture between Hengyi Petrochemical and Sinopec’s subsidiary Baling Petrochemical, said the source, who declined to disclose each party’s stake in the company.

Baling Petrochemical is one of the biggest capro producers in China and operates a 140,000 tonne/year CPL plant at Yueyang in Hunan province, according to its website.

($1 = CNY6.44)

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By: Fanny Zhang
+65 6780 4359

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