Huntsman and Sinopec Jinling start PO/MTBE JV construction

24 January 2013 03:18  [Source: ICIS news]

SINGAPORE (ICIS)--Huntsman and Sinopec Jinling has started building their 240,000/tonne propylene oxide (PO) and 742,000 tonne/year methyl tertiary butyl ether (MTBE) joint venture (JV) at Nanjing in Jiangsu province, a company source from Sinopec said on Thursday.

The new facility, which involves an investment of about yuan (CNY) 4.7bn ($756m), held a short groundbreaking ceremony in Nanjing Chemical Industry Park on 23 January, the company source added.

The new facility is expected to be completed at the end of 2014, according to the source.

The joint venture is named as Nanjing Jinling Huntsman New Materials, with Huntsman holding a 49% stake and Sinopec holding 51%.

($1 = CNY6.22)


By: Viola Pan
+65 6780 4359



AddThis Social Bookmark Button

For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.

Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.

Printer Friendly

ICIS news FREE TRIAL
Get access to breaking chemical news as it happens.
ICIS Global Petrochemical Index (IPEX)
ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index