China’s Abel Chemical to start up new SM plant in Oct 2013

04 May 2012 10:55  [Source: ICIS news]

SINGAPORE (ICIS)--China’s Abel Chemical is planning to start up a 500,000 tonne/year styrene monomer (SM) plant at Taixing in Jiangsu province in October 2013, a statement by the local government said on Friday.

Construction of the facility began on 25 April this year and is expected to be completed in 18 months, the statement said.

The new SM unit is the first of a two-phased (CNY) 300m ($47.6m) project that the firm is investing in, according to a source with the local government.

“The second phase will include an 110,000 tonne/year cyclohexanone plant, a 100,000 tonne/year caprolactam plant and a 300,000 tonne/year expandable polystyrene (EPS) plant,” the source said.

The firm plans to add CNY10bn to its yearly revenues once it achieves commercial operations at the two-phased project, the source added.

($1 = CNY6.3)

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By: Dolly Wu
+65 6780 4359

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