Far Eastern Union plans to launch a new PET plant in Vietnam in July  – The Chinese company Far Eastern Union Petrochemical plans in July this year to launch a new bottled PET plant in Vietnam, ICIS reports with reference to market participants – Far Eastern Union PET plant Vietnam

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Far Eastern Union plans to launch a new PET plant in Vietnam in July 

Far Eastern Union PET plant Vietnam

MOSCOW – The Chinese company Far Eastern Union Petrochemical plans in July this year to launch a new bottled PET plant in Vietnam, ICIS reports with reference to market participants.

The capacity of the plant located in Binh Duong (Vietnam), will be 400 thousand tons of PET per year.

Earlier it was reported that Far Eastern Union Petrochemical from 4 May to 8 June carried out repairs at the plant for production of monoethylene glycol (MEG) with a capacity of 500 thousand tons of MEG per year in Yangzhou (China).

According to the ScanMap of the company MRC, for four months of the current year the export of PET granulate from Russia amounted to 24.81 thousand tons against 13.98 thousand tons last year.  The volume of exports is traditionally fully attributable to the granulated Alco-Nafta.  Imported supplies of PET to the Russian market in the reporting period decreased by 9% and amounted to 12.81 thousand tons.  A year earlier this figure was 14.03 thousand tons.  The reduction in imports was due to the fiber production sector.  Import of PET granules for casting preforms remained at last year’s level.

Far Eastern Union Petrochemical is a joint venture between Taiwanese companies Oriental Union Chemical Corp’s (OUCC) and Far Eastern New Century Co.  Ltd.  Oriental Union Chemical also owns another production of MEG with a capacity of 250 thousand tons per year in Kaohsiung City, Taiwan.

mrcplast.ru

Author:   Anna Larionova

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