China’s Baling Petrochemical to build capro plant in Fujian

22 May 2012 07:52  [Source: ICIS news]

SINGAPORE (ICIS)--China’s Baling Petrochemical has signed an investment letter with the Fuqing city government on 18 May to build a 200,000 tonne/year caprolactam (capro) plant in Fujian province, south China, a company source said on Tuesday.

The 200,000 tonne/year plant, which will cost yuan (CNY) 3.6bn ($571m), is expected to start up in 2013, the source added.

The company expects the plant’s annual sales revenue to be CNY4bn after it starts commercial operations, said the source.

Chinese major Sinopec is the parent company of Baling Petrochemical.

($1 = CNY6.33)

By: Dolly Wu
+65 6780 4359

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