MOSCOW (MRC) -- Hengli Petrochemical (Dalian) Co., Ltd (Hengli) had reduced capacity utilisation at its No. 4 purified terephthalic acid (PTA) line in Dalian to 50% as coronavirus impacts demand, reported Chemweek.
As MRC informed earlier, Hengli Petrochemical announced the successful start-up of its new fourth PTA line in January, 2020.
This 2.5 million tons per annum capacity plant, located in Changxing Island, Dalian City, Liaoning Province, utilizes INVISTA’s P8 PTA technology with industry leading variable cost, capital productivity, energy usage, water usage, effluent generation and footprint, came online on January 8th, 2020. As the result of joint effort of all parties involved, the schedule of this project is significantly shorter than other PTA projects, with start-up only 22 months after the project kicked off in early March, 2018.
A fifth PTA line, identical to the fourth PTA line is currently under construction and is expected to start-up around the middle of 2020. Hengli also operates another 3 PTA lines on the same site, each with a capacity of 2.2 million tons per annum, using INVISTA’s P7 PTA technology. This makes the Hengli site the largest PTA site in the world.
PTA is used to produce polyethylene terephthalate (PET), which is used in the manufacturing of plastic bottles, films, packaging containers, in the textile and food industries.
As per MRC's ScanPlast report, the estimated consumption of polyethylene terephthalate (PET) in Russia decreased by 16% year on year in December 2019. Russia's overall estimated PET consumption totalled 696,810 tonnes in 2019, up by 1% year on year (690,130 tonnes in 2018).
Hengli Petrochemical Co., Ltd. manufactures chemical fibers. The Company researches, produces, and sells polyester filament and chips for consumer and industry products. Hengli Petrochemical markets it products worldwide.
MRC