CCM International has published the November Issue of Industrial Biotechnology China News recently. The top story is that Rongsheng Petrochemical Co., Ltd. (RSPC) accelerates its expansion of polytrimethylene-tereph-thalate (PTT) upstream production lines in 2011-2012, including three parts: Pure Terephthalic Acid (PTA) capacity expansion, paraxylene (PX) and mixed aromatic (MX) production lines' construction respectively.
Ms. Quan, the board secretary of RSPC, Yisheng Dahua Petrochemical Co., Ltd. (Yisheng Dahua), RSPC's subsidiary company, points out that RSPC will expand its PTA capacity from 1,200,000t/a to 1,750,000t/a at the end of 2011. And Zhejiang Yisheng Petrochemical Co., Ltd. (Zhejiang Yisheng), RSPC's another subsidiary company, accelerates its third phase of PTA production line construction with capacity of 1,500,000t/a.
As of construction of PX production line and MX production line, Ms. Quan claims that the PX production line with capacity of 700,000t/a and the MX production line with capacity of 900,000t/a are being planned.
MX production line is prepared for PX production because MX is the raw material of PX. Ms. Quan emphasizes that the future strategy of RSPC is to develop PTA's upriver and downriver industry, especially PX production line, so as to guarantee the raw material supply of PTA.
Actually, RSPC's PX production line plays an important role in the construction of PTT upstream production lines. RSPC constructs the production line of MX in order to guarantee raw material supply of PX. It can be predicted that RSPC can produce PX itself in future, meanwhile, the fact of introducing the raw material of PX from other companies will become the past.
For detail information about RSPC’s PTT production project, please check Industrial Biotechnology China News 1111. Followings are major headline news:
-Wuhan Kaidi will launch four biomass power plants in the next two months in 2011.
-Shandong Longlive hadn't received the approval of becoming a national designated producer of fuel ethanol by the end of October 2011.
-Chengdu Jiujiang Environmental Protection Power Plant is launched in Mid-October 2011.
-Beijing Qihuamei launches the heat-resistant SOD tablet in October 2011.
-The sewage treatment policy produces business opportunities to Origin Water.
-Kingdomway launches IPO on October 28, 2011.
-In September 2011, China's import volume of butanol was up by 13.35% compared with that in August 2011.
-Novozymes plans to launch its pharmaceutical grade HA for external sales in China in 2012.
-Wanwei Updated High-tech will expand its PVA capacity to 250,000t/a at the beginning of 2012.
-RSPC accelerates its expansion of PTT upstream production lines.
-China's PLA import volume increased by more than 50% while price of PLA export sharply reduced in September 2011.
-Nanyang Zhongju Tianguan plans to expand its PPC capacity to 31,000t/a in 2012 from 6,000t/a now.
About CCM
CCM is dedicated to market research in China, Asia-Pacific Rim and global market. With a staff of more than 150 dedicated highly-educated professionals. CCM offers Market Data, Analysis, Reports, Newsletters, Buyer-Trader Information, Import/Export Analysis all through its new proprietary product ValoTracer.
For more information, please visit http://www.cnchemicals.com.
CCM International Ltd.
Guangzhou CCM Information Science & Technology Co., Ltd.
17th Floor, Huihua Commercial & Trade Mansion, No.80 Xianlie Zhong Road, Guangzhou 510070, China
Tel: 86-20-37616606