Jiangsu Sanfangxiang plans to launch a new PET plant in the third quarter  – Jiangsu Sanfangxiang Group, a major Chinese petrochemical producer, plans to launch a new PET plant in Jiangsu Province, China, in the third quarter – Jiangsu Sanfangxiang PET plant China

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Jiangsu Sanfangxiang plans to launch a new PET plant in the third quarter 

Jiangsu Sanfangxiang PET plant China MOSCOW  – Jiangsu Sanfangxiang Group, a major Chinese petrochemical producer, plans to launch a new PET plant in Jiangsu Province, China, in the third quarter, ICIS reported citing sources in the market.

The capacity of the new production will be 500 thousand tons of PET per year.  The alleged launch of the plant was postponed several times because of delays in the construction of the facility.

Currently, the company operates a PET bottles production plant in Cangzhin with a capacity of 1.6 million tons per year.

Earlier it was reported that from March 14 to the end of May, one of the lines with the capacity of 200 thousand tons of PET was repaired per year at this site, closed earlier due to a technical malfunction.

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.

Jiangsu Sanfangxiang Group Co., Ltd., headquartered in Qiangin, is one of the largest petrochemical manufacturers in China.  In particular, the company produces polyethylene terephthalate and polyester (2 million tons per year), terephthalic acid (600 thousand tons per year).

mrcplast.ru

Author:   Anna Larionova

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