MOSCOW (MRC) -- Hengli Petrochemical (Dalian) Co. has reached full rate at its fourth purified terephthalic acid (PTA) line located on Changxing Island, Dalian City, Liaoning Province, China, reported Apic-online.
The 2.5-million-t/y PTA line, which came online in January 2020, utilizes Invista's P8 PTA technology. The line also produces benzoic acid, using Invista's RP2PR technology.
A fifth PTA line, identical to the fourth, is currently under construction and scheduled to start up around the middle of this year.
As MRC wrote previously, in the second week of February 2020, China’s private chemical giant and refiner Hengli Petrochemical cut to 90% its crude oil processing rate at a northeastern plant, down from 109%, as a spreading coronavirus hits demand. The cuts at the 400,000-barrel-per-day refinery and petrochemical complex in Dalian were equivalent to 17%, or 76,000 bpd, Reuters’ calculations show.
In face of weakening demand for petrochemical products, Hengli also cut back operations at a newly started plant making PTA, to half its capacity, from 80% earlier, the spokesman said then.
PTA is used to produce polyethylene terephthalate (PET), which is used in the manufacturing of plastic bottles, films, packaging containers, in the textile and food industries.
As per MRC's ScanPlast report, the estimated PET consumption in Russia increased in January 2020 by 9% year on year. Totally, Russia recycled 55,390 tonnes of PET chips in January (excluding shipments of Russian material to the countries of the Customs Union). Russia's PET chips production totalled 43,200 tonnes in January 2020.
Hengli Petrochemical Co., Ltd. manufactures chemical fibers. The Company researches, produces, and sells polyester filament and chips for consumer and industry products. Hengli Petrochemical markets it products worldwide.
MRC