INEOS Phenol and Sinopec Yangzi Petrochemical Company have signed a Letter of Intent to study and negotiate a joint venture to build and operate a phenol/acetone manufacturing site at the Nanjing Chemical Industrial Park in Jiangsu Province. Production capacity is expected at about 400,000 tpa phenol, 250,000 tpa acetone, and 550,000 tpa cumene. The project is expected to be completed in 2013. The facility is expected to serve the growing market for phenol and acetone in China and free capacity at the company’s European and US plants to meet growth in those regions.
06-Jan-10 
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