19 July 2012 11:10 [Source: ICIS news]
Correction: In the ICIS news story headlined "Taiwan's Chang Chun to start up China IPA facility in Q1 2013" dated 19 July 2012, please read in the fourth paragraph ... 2013-2014 ... instead of ... 2012-2013 .... A corrected story follows.
SINGAPORE (ICIS)--Taiwan’s Chang Chun Plastics is building an 80,000 tonne/year isopropanol (IPA) facility at Panjin in China’s Liaoning province, industry sources said on Thursday.
The facility, which will operate using acetone as a feedstock, is expected to start up in the first quarter of 2013.
The project will provide an outlet for the Taiwanese petrochemical producer’s increasing acetone supply, Chinese sources said.
Chang Chun is also expected to bring a 320,000 tonne/year phenol-acetone plant in Changshu, China, on stream in 2013–2014. This will add to its existing capacity of 486,000 tonnes/year at its facility in Kaohsiung, Taiwan.
Also in the pipeline is Chinese producer Dezhou Detian Chemical’s 50,000 tonne/year acetone-based IPA project in Dezhou, Shandong province. The facility is expected to commence operations in mid-August.
Market participants said the growing IPA domestic capacity in China is expected to dampen imports.
“Imports have slowed down this year because of weak downstream demand and new start-ups in China. The competition will get tougher next year when Chang Chun’s plant is up and running,’’ a trader said.
New Chinese entrant Super Chemical – which started up a new 50,000 tonne/year acetone-based IPA plant in Yancheng, Jiangsu province, in October last year – has become a dominant player in the domestic market because of its competitive offers.
IPA shipments to China were at 5,880 tonnes in May – slightly higher than April’s 4,783 tonnes, but still far below last year’s average monthly import volume of around 8,300 tonnes, according to official China trade data.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
Asian Chemical Connections