09 October 2012 09:30 [Source: ICIS news]
The project, which costs yuan (CNY) 2.78bn ($442m), has been halted because of restrictions on water supply, raw materials and logistics issues for its product, the company said in a statement filed with Shenzhen Stock Exchange on 8 October.
The Chinese producer did not disclose it will restart the project once the issues are resolved.
The project was originally scheduled for completion in late 2013, the company source said.
To ensure a continuing supply of feedstock to its two 400,000 tonne/year polyvinyl chloride (PVC) units at the same site in Fukang, Xinjiang Zhongtai Chemical plans to build a 1m tonne/year calcium carbide unit at Toksun, the source said.
The Toksun site in Xinjiang was chosen because it has sufficient water supply and better infrastructure for producing calcium carbide than the Fukang site, the source said.
The preliminary preparation work of the 1m/year calcium carbide unit is ongoing, the source said, without disclosing the financial details.
A separate new 400,000 tonne/year PVC unit at the same site is expected to come on line at the end of this year, the source added.
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