08 October 2012 15:49 [Source: ICIS news]
The plant is operating as usual and is expected to start trial runs of the new ECH line in October, the source said on the sidelines of the European Petrochemical Association (EPCA) meeting in Budapest.
Zachem, which is located in Bydgoszcz, northern Poland, produces ECH, epoxy resins and toluene di-isocyanate (TDI). It is Poland’s only, and Europe’s fifth biggest, TDI producer, with 75,000 tonnes/year of capacity.
The originally targeted completion date for the ECH line was December 2011. Zachem received EU funding for it in 2010. Up to half of the financing was provided by the EU's innovative economy grant programme.
The ECH will be used by Zachem's sister company, Zaklady Chemiczne Organika-Sarzyna, to produce epoxy resins.
Zachem is owned by Polish company Ciech, which has been in discussions with investors over the past few months about selling its subsidiary.
Ciech has said that if an acceptable offer is not found, it may close the subsidiary permanently.
The annual EPCA meeting runs from 6-10 October.Follow Janos Gal on Twitter
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