22 March 2012 09:56 [Source: ICIS news]
SINGAPORE (ICIS)--China’s Baling Petrochemical, a subsidiary of state-owned Sinopec, is planning to build a 200,000 tonne/year caprolactam (capro) plant in Fujian province, a company source said on Thursday.
Baling Petrochemical will be investing yuan (CNY) 4bn ($633m) to build the plant and is expected to bring it on stream in 2013, the source said, without specifying when the company will start construction.
The company may start up a 200,000 tonne/year capro plant in Guangdong province in 2013, the source added without elaborating further.
Baling Petrochemical is expected to conducts trial runs at its 200,000 tonne/year capro plant in Zhejiang in the second quarter of this year, the source said. The plant is a joint investment with Hengyi Petrochemical.
Meanwhile, the company is running a 200,000 tonne/year capro plant at Yueyang in Hunan at full capacity after expansion works, which were completed at the end of 2011.
The company’s capro capacity is expected to reach 1m tonne/year by 2015, the source added.
($1 = CNY6.32)
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