SINGAPORE (ICIS)--China’s Fujian Meizhouwan Chlor-Alkali Chemical plans to start up its 60,000 tonne/year polybutylene terephthalate (PBT) unit at Quanzhou in Fujian province at the end of March, a source close to the company said on Tuesday.
The producer has carried out trial runs at its new PBT unit in early-to-mid March, and expects to achieve on-spec products at the end of March, the source said.
The total investment on this project has hit yuan (CNY) 371m ($60.4m), exceeding its original budget of CNY357m, according to a statement from Fujian Provincial Economic and Information Technology Commission.
Meanwhile, the producer’s upstream 40,000 tonne/year butanediol (BDO) at the same site is running at 80-90% of capacity following a shutdown during 18-26 February for catalyst change, a source from the BDO industry said.
PBT is usually used in the sectors including electronics and electrical appliance, and cars’ parts.
Additional reporting by Vikki Shen, Tinghui Yang
($1 = CNY6.14)