MOSCOW (MRC) -- Sinopec Yangzi Petrochemical Company, part of Sinopec Group, has brought on-stream its No.3 purified terephthalic acid (PTA) unit in Nanjing, according to Apic-online.
A Polymerupdate source in China informed that, the company resumed operations at the unit on August 21, 2020. The unit was shut for maintenance on August 6, 2020.
Located at Nanjing in China, the No.3 PTA unit has a production capacity of 650,000 mt/year.
PTA is used to produce polyethylene terephthalate (PET), which is used in the manufacturing of plastic bottles, films, packaging containers, in the textile and food industries.
According to MRC's ScanPlast report, Russia's estimated PET consumption totalled 367,720 tonnes in the first six months of 2020, up by 19% year on year. Russian companies processed 62,910 tonnes in June.
China Petrochemical Corporation (Sinopec Group) is a super-large petroleum and petrochemical enterprise group established in July 1998 on the basis of the former China Petrochemical Corporation. Sinopec Group"s key business activities include the exploration and production of oil and natural gas, petrochemicals and other chemical products, oil refining.