The acetic acid plant, which will use BP's Cativa technology, will be a
joint venture (JV) in which BPCIL holds 51%, SVW 44% and Chongqing Energy
Investment Group (CEIG) 5%, while the BDO JV will be equally owned between SVW
and SK, according to the Chemical Week. The acetic acid plant will supply
hydrogen to the BDO facility, which will in turn provide acetylene off-gas to
the acetic acid plant.
The project, which is awaiting the government
approval, is likely to be completed in phases in 2015. BP and Sinopec currently
operate an acetic acid JV, which has a combined capacity of 850,000 mt/year,
while the wholly owned subsidiary of SK Innovation, SK Global Chemical, runs a
40,000mt/year BDO facility in South Korea.
mrcplast.com
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