China’s Xinjiang Zhongtai plans 1.2m tonne/year PTA project

06 March 2013 06:29  [Source: ICIS news]

SINGAPORE (ICIS)--China’s Xinjiang Zhongtai Group is planning to invest yuan (CNY) 4.6bn ($740m) to build a 1.2m tonne/year purified terephthalic acid (PTA) plant at Urumqi of Xinjiang province in northwestern China, a company source said on Wednesday.

Construction of the project is expected to start this year and be completed by late 2015, according to the source.

Feedstock paraxylene (PX) will be sourced from PetroChina’s 1m tonne/year PX plant at the same city, added the source.

PTA output will be sold primarily in China’s domestic markets.

Xinjiang Zhongtai Group is the parent of Zhongtai Chemical, a major producer of polyvinyl chloride (PVC) and soda ash in China.

($1 = CNY6.22)

 


By: Fanny Zhang
+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