MOSCOW (MRC) -- Zhejiang Hengyi will be building an aromatics plant in the southeast Asian nation of Brunei. This will be the country's first aromatics plant, reported Apic-online.
A Polymerupdate source in China informed that the plant is scheduled for completion in 2016.
To be located in Pukau Muara Besar, Brunei, the aromatics plant will have a paraxylene (PX) production capacity of 1.5 million mt/year and benzene production capacity of 500,000 mt/year.
As MRC informed earlier, in April 2012, Zhejiang Hengyi signed a land lease agreement with the Brunei Economic Development Board (BEDB) for its Integrated Refinery and Aromatics Cracker Project in Brunei Darussalam. The China Zhejiang Hengyi (Brunei) PMB Petrochemical Project at Pulau Muara Besar (PMB), Indonesia, is the largest investment project for a privately-owned Chinese company overseas.
Zhejiang Hengyi Group Co., Ltd. is a large private corporate group that has a highly integrated industry chain, with the production of purified terephthalic acid (PTA, a commodity chemical used to make polyester), polyester spinning and chemical fiber as its main businesses.