China’s Henan Coal Chem builds new PET bottle-grade chip plant

30 May 2012 04:25  [Source: ICIS news]

SINGAPORE (ICIS)--China’s Henan Coal Chemical Group has started building a new 300,000 tonne/year polyethylene terephthalate (PET) bottle-grade chips plant at Anyang in Henan province, a company source said on Wednesday.

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 Anyang, the source said.

PET is used to make plastic bottles and polyester fibre.

($1 = CNY6.34)

By: Rachel Yang

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