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Huafon Chemical to construct plans spandex plant in China

January 27/2021

MOSCOW (MRC) -- Huafon Chemical plans to invest CNY4.36bn (USD674m) to construct a 300,000 tonne/year spandex project at Chongqing, said the company.

The project will be implemented in three phases, with a capacity of 50,000 tonnes/year, 150,000 tonnes/year and 100,000 tonnes/year, respectively. Each phase is expected to take two years to complete construction.

Currently in early stage without a detail timeline, the project will focus on high-end products to improve the companys competitiveness, it said.

As MRC informed earlier, BASF and Huafon Group Co., Ltd. have signed a strategic cooperation agreement to extend their partnership with initiatives to develop the polyurethane, bio-fiber and spandex markets in China. The two companies will work together in the areas of technical exchange, market development, and quality raw material supply.

As MRC informed earlier, BASF says its 420,000-metric ton/year steam cracker in Ludwigshafen, Germany is continuously running and has not caused any interruption of supply to its customers. Earlier, several media outlets reported that unscheduled flaring started on 13 January at the northern part of the Ludwigshafen site and was expected to last until 17 January and that an unspecified unit was shut, which "was not the case", as per the company's letter received by MRC.

Ethylene and propylene are feedstocks for producing polyethylene (PE) and polypropylene (PP).

According to MRC's DataScope report, PE imports to Russia decreased in January-November 2020 by 17% year on year and reached 569,900 tonnes. High density polyethylene (HDPE) accounted for the greatest reduction in imports. At the same time, PP imports into Russia increased by 21% year on year to about 202,000 tonnes in the first eleven months of 2020. Propylene homopolymer (homopolymer PP) accounted for the main increase in imports.
Author:Anna Larionova
Tags:polyester, polyether, niti/volokna, spanbond / meltblown, BASF, Zhejiang Huafon New Materials, China.
Category:General News
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