12 April 2013 04:42 [Source: ICIS news]
SINGAPORE (ICIS)--China’s Huachang Chemical is planning to invest yuan (CNY) 812m ($131m) to build a 250,000 tonne/year polyhydric alcohols project at Zhangjiagang in Jiangsu province, the company announced on Friday.
Synthetic gas and hydrogen feedstocks will be supplied by the company’s existing facilities, while propylene will come from a proposed 1.2m tonne/year propane dehydrogenation (PDH) plant, it said.
The project is built to extend its product chain and therefore improve its competitiveness, the company said.
Construction of the polyhydric alcohols facility is expected to take two years, but the company did not disclose when the construction work would begin.
($1 = CNY6.20)
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