11 March 2013
Details
INEOS' largest investment in China.
INEOS Phenol and Sinopec YPC
have initialled joint venture agreements for
the design, build and future operation of
a 1.2 million tonne
cumene, phenol and acetone complex
at Nanjing Chemical Industrial Park
in Jiangsu province, China.
WWW.CHEMWINFO.COM BY KHUN PHICHAI
Benefit to INEOS
- Following the completion of this project,
INEOS Phenol will further strengthens its leading position and
will be the only company to have global manufacturing capability,
with phenol and acetone production in Europe, the USA and Asia.
About the partnership
- The partnership will benefit from
Sinopec's local feedstock advantages and
cumene technology and
INEOS' proprietary phenol technology.
- The annual capacity of the new facility will be at least
* 400,000 tonnes of Phenol
* 250,000 tonnes of Acetone
making it the largest plant of its kind in China
* 550,000 tones of Cumene
- The joint venture will be the largest capital investment
ever undertaken by INEOS in China and
opens new opportunities for the company to
meet the needs of rapidly growing market.
WWW.CHEMWINFO.COM BY KHUN PHICHAI
About
- INEOS Phenol is the world's largest manufacture of
phenol and actone with sites in
* Germany
* Belgium
* USA (Alabama)
- Sinopec is China's leading producer of phenol and acetone
with 3 production sites in
* Shanghai
* Beijing and
* Tianjin
- China is the world's fastest growing market for
phenol and acetone.
WWW.CHEMWINFO.COM BY KHUN PHICHAI
