19 October 2011 09:45 [Source: ICIS news]
The producer is expected to start up the plant, which is located in the
The plant costs $200m (€144m) to build, the source said.
The company will adopt the production method by US-based technology supplier UOP at the plant, which will be able to produce 250,000 tonnes/year of phenol and 150,000 tonnes/year of acetone, the source added.
Upon completion, the addition of the new plant will rank CEPSA Quimica the second global leader in phenol/acetone production, according to the source.
CEPSA Quimica is planning to import feedstock cumene for the new plant from
The output from the plant will be consumed by the downstream units at the same site, the source added.
As of August 2011, CEPSA is fully owned by International Petroleum Investment Company (IPIC), which is based at
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