Satellite Chemical and South Korea’s SK Geo Centric China Ltd (SKGC) are planning to jointly construct a 50,000 tonne/year second ethylene acrylic acid (EAA) plant in China’s Jiangsu province, the Chinese partner announced.
The new plant is estimated to need yuan (CNY) 2.17bn (USD317m) of investment. Their existing joint venture will still be responsible for construction and operation of the second plant.
Their 40,000 tonne/year first EAA plant at the same site is now under constructing.
We remind, Satellite Petrochemical is planning to partner with French’s industry gas provider Air Liquide to construct an integrated new material and new energy project at Dushangang in China’s Zhejiang province. Under the agreement, Satellite will invest yuan (CNY) 10.2bn (USD1.57bn) to build an 800,000 tonne/year propane dehydrogenation (PDH) plant, an 800,000 tonne/year butanol unit and a 120,000 tonne/year neopentyl glycol (NPG) unit, together with some supporting facilities.
mrchub.com