30 May 2012 04:25 [Source: ICIS news]
The plant, which would cost yuan (CNY) 566m ($89m) to build, is the first phase of the company’s PET project at the site, according to the source.
Construction work at the plant started on 26 May and is expected to be completed in 13 months, the source said.
Henan Coal Chemical further plans to build two 500,000 tonne/year PET plants by 2014 – one each in the second and third phases of its project at
PET is used to make plastic bottles and polyester fibre.
($1 = CNY6.34)
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