China's Wudi Xinyue Chemical to soon start up new PO unit

26 December 2011 03:17  [Source: ICIS news]

SHANGHAI(ICIS)--China's Wudi Xinyue Chemical is planning to start up its new 100,000 tonne/year propylene oxide (PO) plant at Bingzhou in Shandong province in early February next year, a company source said on Monday.

“The construction of the new plant is close to completion, and we aim to start marketing material from the unit next Feburary,” the source said in Mandarin.

Wudi Xinyue Chemical currently runs two PO units in Shandong, each with 100,000 tonnes/year of capacity.

“The current operating rate of these two plants is about 85%, and we offer the product at yuan (CNY) 12,200-12,300/tonne ($1,924-$1,940/tonne) EXW (ex-works),” the source added.

Wudi Xinyue Chemical, a subsidiary of Lubei Enterprise Group, produces epichlorohydrin (ECH) and methyl tertiary butyl ether (MTBE).

($1 = CNY6.34)

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Additional reporting by Caroline Zhang

By: Vikki Shen

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