APIC ’12: Yisheng Hainan delays PTA plant start-up to late-Q3

18 May 2012 07:30  [Source: ICIS news]

KUALA LUMPUR (ICIS)--China’s Yisheng Hainan Petrochemical targets to start up its new 2m tonne/year purified terephthalic acid (PTA) plant in Hainan province late in the third quarter, slightly behind its original July schedule, a source close to the company said on Friday.

A government order in late April to stop construction works at the site on environmental grounds caused the delay, the source said at the sidelines of the Asia Petrochemical Industry Conference (APIC) in Kuala Lumpur, Malaysia.

“The company has submitted all the related documents to the local government to obtain the environmental approval,” said the source, adding that the project is expected to resume construction soon.

The source did not comment on how the company plans to source feedstock paraxylene (PX) for the plant.

The plant being built at Yangpu Economy Development Zone in southern China will use the same in-house technology as Yisheng Dalian Petrochemical’s 2.2m tonne/year PTA plant, the source said.

With the new Hainan PTA capacity, Yisheng Petrochemical’s total PTA capacity in China will reach 7.5m tonnes/year. BP is currently the world's biggest PTA producer, with a global capacity of around 7.45m tonnes/year.

APIC runs from 17-18 May.

By: Becky Zhang
+65 6780 4359

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