China’s Fujian Jinjiang Petrochemical is expected to start commercial production at its new 200,000 mt/year caprolactam plant in Putian, in eastern China’s Fujian province, by August, after major construction work was completed earlier this week, industry sources with knowledge of the matter said Thursday.
Fujian Jinjiang Petrochemical was unavailable for comment.
Fujian Jinjiang Petrochemical, owned by Fujian Eversun Group, has phase two of the project at the same site currently underway. Once it gets completed in 2019, the company will add another 400,000 mt/year of caprolactam capacity, bringing its total capacity to 600,000 mt/year, sources said.
Caprolactam is primarily used in the production of nylon 6 fibres. Asian caprolactam was assessed at $2,120/mt CFR Far East Asia last Thursday.
–Frank Zeng, frank.zeng@spglobal.com
–Edited by Pankti Mehta, pankti.mehta@spglobal.com
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