08 November 2012 05:30 [Source: ICIS news]
SINGAPORE (ICIS)--China’s Yisheng Petrochemical is targeting to start up its new 2m tonne/year purified terephthalic acid (PTA) plant in Hainan province in the middle of the month, company sources said on Thursday.
The start-up of the plant has been delayed by about five months from July because of environment-related issues that had to be addressed, thereby slowing down project construction.
“We started presales [of output from the new plant] two months ago to mostly southern China customers. The products are allocated from our Dalian plant,” the source said without providing details on the volumes sold.
Yisheng Petrochemical plans to run the new plant at low rates for some time, thus limiting the unit’s output this year.
At Dalian in Liaoning province, the company is looking at bringing on stream its second PTA plant with a 3m tonne/year capacity next month, the source said
Yisheng currently runs four PTA units – three at Ningbo in Zhejiang province and one in Liaoning province.
Two Ningbo PTA plants have the same 650,000 tonne/year capacity, while a third plant at the site has a 2m tonne/year capacity. In Dalian, the company is currently operating a 2.2m tonne/year PTA plant.
By end-2012, Yisheng Petrochemical expects its annual PTA capacity to reach 10.5m tonnes/year, making it the largest PTA producer in the world.
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