SINGAPORE (ICIS)--Zhejiang Xingxing New Energy is operating its new methanol-to-olefin (MTO) plant in Zhejiang province at close to full capacity, market sources familiar with the situation said on Thursday.
The company started up the plant in Jiaxing on 6 or 7 April and it has started supplying propylene to domestic customers from the end of last week, sources said.
The plant can produce 390,000 tonnes/year of propylene, which is sold entirely in the merchant market as the producer does not have any propylene downstream units.
Its 300,000 tonnes/year of ethylene production is consumed by Sanjiang Fine Chemicals’ ethylene oxide (EO) plants. Sanjiang has a 75% stake in the MTO project.