MOSCOW (MRC) -- Mitsubishi Chemical is in plans to shut a purified terephthalic acid (PTA) plant for a maintenance turnaround, reported Apic-online.
A Polymerupdate source in China informed that the plant is expected to be taken off-line in mid-January 2016. It is slated to remain under maintenance for around 15 days.
Located at Ningbo, Zhejiang province in China, the plant has a production capacity of 600,000 mt/year, but usually operates at a rate of 700,000 mt/year.
Ningbo Mitsubishi's plant is a joint venture between China’s CITIC Group (10%) and Ningbo PTA Investment Company (NPI, 90%)). The stakes in NPI is split between Mitsubishi Chemical Company (61%), Itochu (35%) and Mitsubishi Corp (4%).
As MRC informed previously, Mitsubishi Gas Chemical Co. decided to discontinue its purified terephthalic acid (PTA) business. Mitsubishi currently operates a 260,000-t/y PTA plant at Mizushima, Japan, through its Mizushima Aroma joint venture with Toyobo Co.
Mitsubishi Chemical with headquarters in Tokyo, Japan, is a diversified chemical company involved in petrochemicals, polymers, agrochemicals, speciality chemicals and pharmaceuticals. The company's main focus is on three business pillars: petrochemicals, performance and functional products, and health care.
MRC