China’s Shandong Bluesail Chemical to start up oxo-alcohol plant

14 March 2012 04:16  [Source: ICIS news]

SINGAPORE (ICIS)--China’s Shandong Bluesail Chemical said in a statement to the Shenzhen Stock Exchange on Wednesday that it plans to start up a 150,000 tonne/year oxo-alcohol plant in Shandong in the third quarter of 2012.

The plant will be able to produce 100,000 tonnes/year of 2-ethylhexanol (2-EH) and 50,000 tonnes/year of butanol, said the statement.

The plant will supply feedstock to Shandong Bluesail’s plasticiser units and thus reduce the company’s production costs, the statement added.

Shandong Bluesail’s sales revenue is expected to rise by 20.5% year on year to yuan (CNY) 4.71bn ($744m) in 2012, largely because of the start-up of the oxo-alcohol plant, according to the statement.

Construction of the plant, which will cost Shandong Bluesail CNY1.31bn, began in 2010, the statement said.

The company has a 60,000 tonne/year phthalic anhydride (PA) plant and a total plasticiser capacity of  400,000 tonnes/year, according to Chemease, an ICIS service in China.

Shandong Bluesail Chemical is a key plasticiser producer in Shandong in north China.

($1 = CNY6.33)

By: Rachel Yang

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