04 December 2013 04:08 [Source: ICIS news]
SINGAPORE (ICIS)--China’s Chongqing Jianfeng Chemical plans to delay the start-up of its 46,000 tonne/year polytetramethylene ether glycol (PTMEG) plant at Fuling in Chongqing to 2014 because of feedstock issues, a source close to the company said on Wednesday.
The company has failed to purchase feedstock 1,4-butanediol (BDO) from the spot market so far, the source said, without disclosing further details.
While the producer has a 60,000 tonne/year BDO plant at the same site, it is scheduled to start up only after the PTMEG plant comes on stream, according to the source.
Construction on the PTMEG and BDO plants started in 2011, with the entire project estimated to have cost around yuan (CNY) 2.7bn ($443m).
BDO and PTMEG are major raw materials used in the production of fine chemicals that are widely applied in the industries including medicine, textile and papermaking.
Additional reporting by Vikki Shen
($1 = CNY6.09)
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