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Hanbang Petrochemical shut PTA plant in China for maintenance

January 19/2021

MOSCOW (MRC) -- Hanbang Petrochemical, also known as China Prosperity Jiangyin Petrochemical, has taken its purified terephthalic acid (PTA) unit in Jiangsu province offline on 6 January 2021 for maintenance, reported CommoPlast with reference to market sources.

The unit has an annual capacity of 2.2 million tons/year and would remain shut for around one month.

Meanwhile, the producer owns a smaller PTA unit at the same location with a capacity of 700,000 tons/year that has been shut since May 2020. The restart date at this plant in uncertain at the moment.

As MRC informed earlier, Hanbang Petrochemical shut its No. 2 PTA unit in Jiangsu province 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.

We remind that 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, Russia's estimate PET consumption reached 61,110 tonnes in November 2020, up by 1% year on year. Overall PET consumption in Russia reached 648,110 tonnes in the first eleven months of 2020, down by 18% year on year.

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, Russia.
Category:General News
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