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Hanbang Petrochemical resumes production at No. 2 PTA unit

June 29/2020

MOSCOW (MRC) -- Hanbang Petrochemical has brought on-line its No. 2 purified terephthalic acid (PTA) unit , according to S&P Global.

The company halted operations at this unit on May 19, 2020, for unspecified reason. The unit, which initially was slated to remain off-line for about two weeks, resumed operations on 21 June, 2020.

Located in Jiangyin, China, the No. 2 PTA plant comprising of two units, with a production capacity of 2.2 million mt/year each.

As MRC informed previously, in March 2016, Hanbang Petrochemical successfully started up its second PTA at Jiangyin, Jiangsu. The plant has two production lines, each with an annual capacity of 1.1 million mt/year.

PTA is used to produce polyethylene terephthalate (PET), which, in its turn, is used in the manufacturing of plastic bottles, films, packaging containers, in the textile and food industries.

According to MRC's ScanPlast report, March estimated PET consumption in Russia was 65,3700 tonnes, up by 1% year on year. Russia's estimated PET consumption decreased  in January-March 2020 by 3% year on year to 175,170 tonnes.

Hanbang Petrochemical, also known as China Prosperity Jiangyin Petrochemical, is situated in Jiangyin city within China's Jiangsu province.
Author:Margaret Volkova
Tags:PET-granulate, terephthalic acid, packaging, Hanbang Petrochemical, China, Rossiya.
Category:General News
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