China’s Yantai Wanhua to invest $2.3bn in PO/acrylic ester project

22 November 2011 07:54  [Source: ICIS news]

SINGAPORE (ICIS)--China’s Yantai Wanhua Polyurethanes will invest yuan (CNY) 14.9bn ($2.3bn) in an integrated propylene oxide (PO)/acrylic ester project at Yantai in Shandong province, a company source said on Tuesday.

The project will be part of the company’s complete industrial chain at Yantai Wanhua Industrial Zone, the source said.

The exact schedule for the project was not available.

The project will include a 600,000 tonne/year propane dehydrogenation unit, a 240,000 tonne/year PO unit, a 225,000 tonne/year butanol unit, a 300,000 tonne/year acrylic acid  (AA)/acrylic ester unit, a 300,000 tonne/year polyether polyol unit and other supporting units, the source said.

The project is subject to approval from the Yantai branch of the National Development and Reform Commission (NDRC), the source said, adding that the company is in the process of carrying out related procedures.

($1 = CNY6.36)

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By: Adele Zhu

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