China's Dahua Group expects to complete its new 450,000 mta paraxylene (PX) plant in mid 2008, by May or June of that year at an investment of Yuan 4.5 billion (US$571 million). The plant is to be jointly owned by Dahua and Dalian Fujia Corporation Group. Upon completion, the plant will be capable of producing 200,000 tpa of benzene and 100,000 tpa of orthoxylene.
The PX produced by the new plant will be captively used as feedstock for
a downstream 500,000 mta quality terephthalic acid plant that is also
scheduled for completion in H2-2008. The QTA plant is a joint venture between Dahua and the Zhejiang Yisheng Petrochemical Co Ltd, which holds a 75% stake in the project, estimated to cost Yuan 1.98 billion (US$251 million).
Both plants will be located on the Dagushan peninsula of Dalian city in northeast China's Liaoning Province.
14-Nov-06 
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