Zhejiang Petrochemical PP China

Zhejiang Petrochemical PP China

Zhejiang Petrochemical to launch a new PP plant in China in November

Zhejiang Petrochemical

MOSCOW – Zhejiang Petrochemical, a private Chinese company, plans to commission a new polypropylene (PP) plant in Zhejiang Province (Zhejiang, China) in November this year, a source close to the company told NCT .

The capacity of the new enterprise will be 900 thousand tons of PP per year.

It was noted earlier that at the end of last year, the company began test production at refineries with a capacity of 400 barrels per day at the new Zhoushan petrochemical complex in eastern China and intends to increase its capacity utilization to 100% in the fourth quarter.

Also on this site will be located a cracking unit with a capacity of 1.4 million tons of ethylene per year.

In addition, as noted earlier, Zhejiang Petrochemical plans to commission a new paraxylene plant at the site in the fourth quarter. The capacity of the new enterprise will be 4 million tons of paraxylene per year.

Also, at the end of this year, it is expected to launch a new acrylonitrile (AKN) plant on Zhoshuan Island with a capacity of 260 thousand tons per year.

According to DataScope of Market Report, PP imports to Russia decreased by 9% in the first eight months of this year compared to the same period a year earlier and amounted to 120.1 thousand tons. The largest decline in imports came from propylene homopolymer (PP-homo).

Private company Zhejiang Petrochemical is building a new petrochemical complex in eastern China. 51% of the company is owned by the majority shareholder of Rongsheng Petrochemical. Other shareholders are the Chinese Juhua Group and Tongkun Group.

mrcplast.ru

Author:

Margarita Volkova

Zhejiang Petrochemical PP China

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