22 November 2012 06:53 [Source: ICIS news]
SINGAPORE (ICIS)--China’s Zhejiang Hongji Petrochemical plans to expand its 120,000 tonne/year polypropylene (PP) unit to a capacity of 240,000 tonnes/year at Jiaxing in Zhejiang province in 2012, a company source said on Thursday.
The expansion project, which will cost yuan (CNY) 151m ($24.2m), is expected to start this year and be completed in 2013, the source added, without providing any specific date on the start of the project.
An environment impact assessment is currently being carried out for this project, according to the source.
The expanded capacity will consist of a 48,000 tonne/year homopolymer PP unit and a 72,000 tonne/year copolymer PP unit, and the current PP unit produces 120,000 tonnes/year of homopolymer PP, the source added.($1 = CNY6.23)
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