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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. |
