21 December 2011 08:25 [Source: ICIS news]
SINGAPORE (ICIS)--China’s Hengli Group, the fourth largest polyester maker in China, plans to bring on stream two new purified terephthalic acid (PTA) plants, with a total 4.4m tonne/year capacity, in the third quarter of 2012, a company source said on Wednesday.
“We are largely on schedule,” the source said.
The company plans to bring on stream its first 2.2m tonne/year PTA unit in July and the second 2.2m tonne/year unit in September-October. The two plants are located at ?xml:namespace>
“We’ve obtained environmental impact assessment approval from the government one and a half months ago,” the source said.
The source said Hengli has located part of its feedstock paraxylene (PX) supply by contracts, but still need to seek more availability.
He did not give any details about the contracts.
Half of Hengli’s PTA production will be fed into the company’s own polyester plants in
Hengli Group has doubled its polyester capacity to 1.6m tonne/year in 2011, adding two 200,000 tonne/year polyester yarn plants and two 200,000 tonne/year polyethylene terephthalate (PET) bottle chip plants.
The company plans to add another 200,000 tonne/year polyester yarn plan in 2012, bringing up its total polyester capacity to 1.8m tonnes/year by then.
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