MOSCOW (MRC) -- Zhejiang Hengli Petrochemical is ready to launch its Phase II PP plant by end of November 2019, completing both phases of the newly constructed petrochemical complex, reported CommoPlast with reference to market sources.
The Phase II PP unit has an annual capacity of 400,000 tons/year and would rely on spot propylene for the trial period while waiting for the new PDH unit to come online.
Hengli started up the 450,000 tons/year Phase I PP plant in May 2019 and at the moment, spot cargoes from this unit are widely available in the domestic ground. The producer is also offering BOPP cargoes to the Indonesia market, sources said.
As MRC informed before, in May 2018, INVISTA’s technology and licensing group, INVISTA Performance Technologies (IPT), and Hengli Petrochemical (Dalian) Co.,Ltd. (Hengli) reached an agreement to license INVISTA’s latest purified terephthalic acid (PTA) process technology for Hengli’s fourth PTA line. Hengli’s first three PTA lines, the first of which began operation in 2012, also utilize INVISTA’s technology and have a combined capacity of 6.6 million metric tonnes per year. The fourth line will have a design capacity of 2.5 million metric tonnes per year and will be installed at Changxing Island, Liaoning Province of China.
According to MRC's ScanPlast report, the estimated PP consumption in the Russian market was 976,790 tonnes in January-September 2019, up by 4% year on year. Shipments of PP block copolymer and homopolymer PP increased.
MRC