China’s Jiangsu Sopo Chemical is planning to construct an integrated vinyl acetate monomer (VAM) and ethylene vinyl acetate (EVA) project at Zhenjiang in Jiangsu province, the company announced.
The VAM plant, with a capacity of 330,000 tonnes/year, will be built as a first phase facility.
A 300,000 tonne/year EVA plant will be implemented in the second phase.
Investments are estimated at yuan (CNY) 3.2bn for VAM and CNY3.9bn for EVA.
The company expect to complete construction of the VAM plant within three years and the EVA plant within five years after approval.
From the perspective of asset integration, Polyester Technology owns approximately 357 acres of land in the New Materials Industrial Park of Zhenjiang New District, and the land is close to SOPO Chemical New Materials.
The company plans to carry out overall management of relevant land parcels to meet the land needs for the construction of vinyl acetate and EVA integrated projects.
It is worth noting that Polyester Technology originally planned to promote the construction of a 200,000 tons/year dimethyl carbonate project on the aforementioned land, with a project investment of approximately 2.181 billion yuan. With the completion of this absorption and merger, relevant projects will be constructed on other sites.
According to the data, SOPO Chemical New Materials is mainly engaged in the production and sales of basic chemical raw materials such as chlor-alkali and sulfuric acid. It has 600,000 tons/year sulfuric acid and downstream series product equipment, 200,000 tons/year ion membrane unit, 170,000 tons/year high-purity hydrochloric acid unit, 13,000 tons/year polyol unit, 30,000 tons/year dichlorobenzene unit, 55,000 tons/year air separation unit, and 50,000 tons/year chloroacetic acid unit. Current product application fields include light industry, textile, chemical industry, agriculture , building materials, electricity, electronics, food processing, etc.
We remind, Cepsa, which is owned by Mubadala and Carlyle, and C2X, an independent company majority owned by A.P. Moller Holding with A.P. Moller – Maersk as minority owner, announce a joint ambition to develop a green methanol plant in the port of Huelva, southern Spain, said the company. Green methanol is made by using green hydrogen and non-fossil sources of carbon captured from the atmosphere or from agricultural and forestry waste and can replace fossil methanol, reducing carbon emissions in hard-to-abate industries such as long-distance shipping and other industries such as chemicals and plastics.
mrchub.com