INEOS Sinopec JV build 400,000 tonne phenol plant in China
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INEOS and Sinopec JV to build a 400,000 tonne phenol plant in China

4:56 PM, 8th June 2011
INEOS and Sinopec JV to build a 400,000 tonne phenol plant in China

LONDON, UK: INEOS Phenol and Sinopec Yangzi Petrochemical Company recently signed a MOU, agreeing the framework for the design and future operation of a phenol/acetone joint venture at the Nanjing Chemical Industrial park in Jiangsu Province, China.

 

The partnership will benefit from Sinopec’s local feedstock advantages and INEOS’ proprietary phenol technology. The annual capacity of the new facility will be 400,000 tonnes of phenol and 250,000 tonnes of acetone making it the largest plant of its kind in China. The facility will also include 550,000 tonnes/year of cumene capacity. The location of the plant in Nanjing places it at the centre of China’s strongest market for both phenol and acetone. It is currently expected that the project will be completed by the end of 2013.

 

“We will work towards the joint venture which will allow INEOS to bring its proprietary phenol technology to China and it will bring considerable value to our business and to customers,” said Tony Traynor, CEO, INEOS Phenol. INEOS Phenol is a global major manufacturer of phenol and acetone with sites in Germany, Belgium and USA (Alabama). China is the world’s fastest growing market for phenol and acetone and Sinopec is China’s leading producer of phenol and acetone with three production sites in Shanghai, Beijing, and Tianjin.

© WOC News

 

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