28 December 2011 06:12 [Source: ICIS news]
By Dolly Wu
Hong Kong’s Kingboard is planning to bring on line a 320,000 tonnes/year phenol/acetone unit in
During 2013-2015 period
China’s imports are expected to continue growing in 2012 on firm demand and volumes are estimated to reach 750,000 tonnes, an increase of 3% from 2011, according to forecast from Chemease, an ICIS Service in China.
Imports of Asian cargoes are expected to be stable in 2012, while cargoes from Europe are expected to increase as no anti-dumping duties are imposed on them.
Imports from the
At the same time, demand from downstream sectors like BPA is also increasing, so existing phenol facilities are likely to keep running at high operating rates.
Phenolic resins industry remains the key derivative for phenol demand in
Phenol resin is widely used in insulation panels, copper clad laminated boards, brake blocks for automobiles and also applicable in automobiles brake blocks, foundry materials, plywood, abrasives and grinding wheels, but its primary application is to make phenolic moulding plastics, which have incomparable advantages of heat resistance and cost-effectiveness.
Large-sized producers include Jinan Shengquan Chemical, Shaxian Hongguang, Changshu East-South, Shanghai European-Asian Synthetic Material Co., Ltd and Dynea.
|Facility||Location||Increase in Phenol Capacity||Targetted Year of Start-up|
|Hong Kong's Kingboard Group||Yangzhou, Jiangsu||200,000||2012|
|Sinopec Mitsui||Caojin, Shanghai||250,000||2013|
|Shandong Luhuayi Group||Dongying, Shandong||220,000||2013|
|Taiwan Fiber||Ningbo, Zhejiang||300,000||2013-2014|
|Spain CEPSA||Caojing, Shanghai||250,000||2014|
|Changchun Petrochemical||Changshou, Jiangsu||200,000||2014|
Jenny Yi contributed to the article.
($1 = CNY6.83)
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