Yisheng Petrochemicals’ 2 mln tpa PTA plant on track to start by end 2012

Yisheng Petrochemicals’ new 2 mln tpa plant in Hainan is expected to start up as planned by end 2012. The Chinese has completed its machinery purchases for the new plant, as per Platts. Two machine trains with PTA capacity of 1 mln tpa has been sourced from Germany's MAN Turbo. Each train comprises an air compressor, a steam turbine, an expander and a motor/generator, which were delivered to China last month. The Yuan 2.95 billion (US$448 mln) plant, called the Hainan Yisheng Petrochemical, is located at the Yanbu Economic Development Zone. Its paraxylene feedstock will be provided by Sinopec Hainan which is building a 600,000 tpa PX plant that will also be completed late 2012. As of now, the main PTA downstream plant at Hainan is Sinopec's 200,000 tpa PET bottle chip plant.
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