29 August 2012 04:58 [Source: ICIS news]
The company has been conducting trial runs at the yuan (CNY)3.6bn ($567m) plant since May and achieved high-quality products during the tests, Hengyi Petrochemical said in a statement to the Shenzhen Stock Exchange.
“Daily output (after the start-up) is estimated to be around 550 tonnes, of which over 98% are high-quality products,” the statement said.
Zhejiang Baling Hengyi Caprolactam is a 50:50 joint venture between Hengyi Petrochemical and Sinopec, according to the statement.
($1 = CNY6.35)
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