Jiangxi Jufeng to Build Ethylenediamine Project with Korean Partner
Year:2009 ISSUE:35
COLUMN:NEW SETUP, AGREEMENT & PLAN
Click:358    DateTime:Dec.16,2009
Jiangxi Jufeng to Build Ethylenediamine Project with Korean Partner      

Jiangxi Jufeng Chemical Co., Ltd. and Korea Aekyung Petrochemical Co., Ltd. formed a joint venture, Aekyung Haiyang (Jiangxi) Chemical Co., Ltd., in the Yichun Economic Development Zone, Jiangxi province, on November 30th, 2009. The venture will build a 10 000 t/a ethylenediamine project.  
   Jiangxi Jufeng is a high-tech company with integrated research, manufacture and marketing capabilities, and a member of Jiangxi province's chemical industry committee. With independent research and innovation, the company in 2008 completed a pilot run of a 100 t/a ethylenediamine plant, the feasibility study for a larger 10 000 t/a plant and other preparation work including the evaluation on environmental impact. It has commanded the manufacturing processes and special techniques for the catalytic synthesis of ethylenediamine and has been granted national patent on these.
   Korea Aekyung is a major maker for phthalic anhydride and plasticizers.
   To fund the expansion of its ethylenediamine business, Jiangxi Jufeng reached the cooperation intent with Korea Aekyung in July 2009 to build China's first 10 000 t/a ethylenediamine project. The project needs total investment of US$13.9316 million, and will be 60% owned by Korea Aekyung. Its output will mainly supply Chinese market.
   Construction on the 10 000 t/a ethylenediamine project is expected to be completed in the first quarter in 2010, while full capacity production will start after several sections of trial runs. The joint venture will start construction on the second line with the same capacity two months after the first phase starts operation. It aims to increase capacity to 50 000 t/a over three years.
   At present, the domestic demand for ethylenediamine is mainly met by imports, Jiangxi Jufeng said. Imports grew 20% averagely in recent years. Imports amounted 120 000 tons in 2008 and would rise to 150 000 tons in 2009.