MOSCOW (MRC) -- Zhejiang Petrochemical is expected to start production at its new PP plant in November, reported NCT with reference to a source close to the company.
Located in Zhejiang, China, the new plant will have a production capacity of 900,000 tons/year of PP.
As MRC wrote previously, China's greenfield Zhejiang Petrochemical will use a range of process technology from Honeywell UOP for the second phase of its integrated refining and petrochemical complex in Zhoushan, Zhejiang province. The second phase of the complex by itself will process 20 million tons per year of crude oil and produce another six million tons per year of aromatics when completed. With an overall project cost of Yuan 160 billion (USD25.8 billion), Zhejiang Petrochemical plans to ultimately build up 40 million mt/year of crude processing capacity on Yushan Island of Zhoushan city in eastern China's Zhejiang province.
Phase I, revolving around 20 million mt/year of primarily crude processing capacity, will be able to produce 4 million mt/year of paraxylene, along with 8.5 million mt/year of gasoline, gasoil and jet fuel. Zhejiang Petrochemical has plans to start trial operations in February on its crude distillation unit and vacuum distillation unit at the phase I project, a source close to the company said this week. Construction of the second phase will begin after the full start-up of phase I.
According to MRC's ScanPlast report, the PP consumption in the Russian market was 909,260 tonnes in January-August 2019, up by 10% year on year. Shipments of PP block copolymer and homopolymer PP increased.
MRC