05 September 2012 10:40 [Source: ICIS news]
“The plant involves a total investment of yuan (CNY) 7.88bn ($1.24bn) and will be using INEOS Technology’s INNOVENE processing technology,” the source added.
The plant will mainly produce impact copolymer (high melt index) for use in automobiles and household appliances like washing machines, the source said.
The company will become
Sinopec Maoming currently operates two PP lines, with capacities of 170,000 tonne/year and 300,000 tonne/year respectively, at the same site.
($1 = CNY6.35)
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