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

AddThis Social Bookmark Button

For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.

Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.

Printer Friendly