Hainan Yisheng Petrochemical paraxylene - Arhive
Hainan Yisheng Petrochemical paraxylene
Hainan Yisheng plans to launch a new para-xylene plant in July
MOSCOW – Chinese Hainan Yisheng Petrochemical plans in July 2019 to commission a new paraxylene plant with a capacity of 1 million tons per year at a new site in Hainan (Hainan, China), ICIS reports, citing a source in the company.
Construction of production began in August 2017 and completed in March of this year. The project cost is CNY3.54 billion (USD557 million).Hainan Yisheng Petrochemical paraxylene
Commercial output is expected on horseback in July. Earlier it was planned to start the plant in June.
The company also plans to upgrade its existing paraxylene production capacity of 600 thousand tons per year on the same site.
After completion, the company will be able to produce about 2 million tons of para-xylene per year.
Earlier it was reported that at the end of June 2017, Hainan Yisheng Petrochemical launched a plant for the production of polyethylene terephthalate (PET) at a site in Hainan (Hainan, China) with a capacity of 250 thousand tons of PET per year.
According to ICIS-MRC’s Price Review , Chinese PET quotes last week stopped rising and rolled back from the local highs of the previous week. The situation in the Russian market of PET granules remains calm, there is enough material on the market, processors replenish stocks as planned. Next month, an increase in contract prices for PET is expected. However, against the background of the strengthening of the ruble against the dollar in July, the rise in prices will be moderate and will not exceed 3,000–4,000 rubles. per ton. Hainan Yisheng Petrochemical paraxylene
Yisheng Petrochemical Co., Ltd. operates refined terephthalic acid (TPA) plants in China. The company was founded in 2003 and is based in Ningbo, China. Yisheng Petrochemical Co., Ltd. is a subsidiary of Hengyi Petrochemical Co., Ltd.