Sichuan Petrochemical project is nearing completion

(news.szenergy.biz) -- Once concern Sichuan Petrochemical project is nearing completion. Recently, more than a staff of China PetroChina Sichuan Petrochemical Co., Ltd. told this reporter, 'can be put into operation by the end of 2012.'

Sichuan Petrochemical project known as the customary 'Pengzhou petrochemical, mainly composed of 800,000 tons / year of ethylene, 10 million tons / year oil refining refining integration project, located in Sichuan Petrochemical Base, located in Pengzhou city northwest martial music town of Long Fengzhen between urban linear distance of about 5 km .1 18, this reporter to travel to, not yet close to the base, we can see distant steel construction is stretching groups a few chimney stands tall, especially eye-catching'.

MRC

(jeccomposites) -- Japanese Carbon Fiber Company Super Resin Inc. has formally entered into China beginning of the month.

This company is a joint venture registered in Wang Chun (Spring Sight) Industrial Park, Ningbo between Super Resin and the Chinese Shanshan Group with a registered capital of 20 million RMB in which Super Resin hold 80% shares while Shanshan holds the remaining of 20%, all investments are in cash.


This company is renting a plant from Shanshan Group, and will invest a total of 40 million RMB in the purchasing of equipments, the JV agreement covers a period of 15 years with the business scope of the following four areas: carbon or glass fiber reinforced plastic resins and related products research and development, manufacturing and sales, functional composite materials used in medical industry and related products research and development manufacturing and sales.

The Joint Venture board are consist of five directors from Super Resin and Shanshan, Super Resin is in charge of daily operation, and Shanshan takes the responsibility to provide assistance in the market development in China, internal management, and coordination with local Government. The factory floor reinforcement and plant internal transformation has completed, and formal operation started. The targeted industries include Machinery, Medical equipment presently, as well as electric automobile frames, airplane parts, cell notepad boxes. It is expected to reach a sales of 130 million RMB by 2015 with an accumulated profit of 23 million RMB.

MRC

(hydrocarbonprocessing) -- Honeywell has opened a new technology center in India, expanding its technology development capabilities in areas such as refining, petrochemical, low-global-warming and nylon technologies and applications. Honeywell invested USD34 million in the 8,830-square-meter (95,000-square-foot) center.

Honeywell has opened a new technology center in India, the company said on Friday, further expanding its technology development capabilities in areas such as refining, petrochemical, low-global-warming and nylon technologies and applications.

The facility in Gurgaon, India, features pilot plants for developing and demonstrating refining and petrochemical process technology by UOP, part of Honeywell's performance materials and technologies (PMT) strategic business group, the company said.

The center will also perform other product and application development for PMT, including fluorine and nylon technologies.

Honeywell invested USD34 million in the 8,830-square-meter (95,000-square-foot) center.

⌠This new facility will allow Honeywell to put its vast resources to work in collaboration with some of the brightest engineering minds in India, said Rajeev Gautam, CEO of Honeywell?s UOP, who officially opened the center at a ceremony attended by Shri Jaipal Reddy, India's Minister of Petroleum & Natural Gas, and other dignitaries.

MRC

(news.szenergy.biz) -- Jinzhou Petrochemical shut its 30,000 tonnes/year butadiene rubber (BR) plant over the weekend as the company's margins are being eroded by the high cost of feedstock butadiene (BD), a source close to the company said on Monday.

The plant at Jinzhou city in northeastern Liaoning province was taken off line on 18 February, the source said.
No definite restart date was set for the plant, the source said.

Jinzhou Petrochemical is a subsidiary of China's state-owned oil and gas giant PetroChina.
A number of BR producers, including China's Shanghai Gaoqiao, South Korea's LG Chem and Korea Kumho Petrochemical (KKPC), Taiwan's TSRC and Thailand's BST Elastomers, have either shut or cut operating rates at their facilities because of soaring BD prices.



MRC

(polyestertime) -- Fangyuan, a synthetic fiber producer based in Zhejiang Province, held a commencement ceremony in early January to mark its new project for 120,000 tons of differential polyamide fiber laying the first stone.

After Zhejiang Fangyuan Synthetic Fiber Co., Ltd. settled down in Tongxiang, Zhejiang Province in 2010, the
company decided to investment another CNY 1.15 billion in constructing this new project.

The project will be constructed in two phases. The first-phase project will include a production line for annual
production of 60,000 tons of polyamide chips which is expected to run into production in June, 2013; the secondphase project will start construction in January of 2014 and will be finished in August of 2015. By then, the
project will have an annual production capacity for 120,000 tons of differential polyamide fiber and turn out a
product output of more than CNY 4.5 billion and a pre-tax profit of CNY 350 million.

MRC