26 July 2012 09:27 [Source: ICIS news]
The construction of the plant, with an investment of yuan (CNY) 2.4bn ($376m), will be completed in the next two years, according to the statement. However, the company did not disclose when the construction is expected to start.
The company has obtained a license from US-based Invista to use its technology for manufacturing PTMEG.
PTMEG is a downstream product of butanediol (BDO).
Sichuan Tianhua Fubang Chemical is a subsidiary of Sichuan Lutianhua, which also located at Luzhou of Sichuan province. Sichuan Tianhua Fubang Chemical currently produces butanediol (BDO) and other downstream products.
($1= CNY 6.39)
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