Spain’s CEPSA Quimica starts building Shanghai phenol/acetone unit

19 October 2011 09:45  [Source: ICIS news]

SHANGHAI (ICIS)--Spain’s CEPSA Quimica has started building a phenol/acetone plant in Shanghai, following a groundbreaking ceremony on 17 October, a company source said on Wednesday.

The producer is expected to start up the plant, which is located in the Shanghai Chemical Industry Park, at the end of 2013, the source said.

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 Japan, South Korea and the US, the source said.

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 Abu Dhabi in the United Arab Emirates.

For more on acetone, cumene and phenol, visit ICIS chemical intelligence
Please visit the complete ICIS plants and projects database

By: Jenny Yi

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