600 000 t/a PTA Project Kicks off
Year:2007 ISSUE:34
Click:308    DateTime:Dec.05,2007
600 000 t/a PTA Project Kicks off     

On November 16th, 2007 Hanbon (Jiangyin) Petrochemical Co., Ltd. began the construction work on the 600 000 t/a PTA (purified terephthalic acid) project in Jiangyin, Jiangsu province.
    Hanbon (Jiangyin) Petrochemical is a joint venture between Jiangyin Chengxing Industrial Group Co., Ltd. and Hong Kong Hanbon Petrochemical Co., Ltd.
    With a total investment of around RMB2.77 billion, the project imports foreign PTA technology and process package, and is expected to be completed and go on stream at the end of 2009.
    After completion of the project, the annual sale revenue will be added by over RMB6.0 billion for the company, and the tense supply of PTA in eastern China will be greatly eased.