Joint Venture Ineos and Sinopec Break Ground on the Largest Phenol Acetone Plant in China
Editor: Tobias Hüser
Ineos Phenol and Sinopec Yangzi Petrochemical Company have broken ground on the largest Phenol and Acetone plant to ever built in China. The ground-breaking ceremony for the 1,2 million tonne development was held in Nanjing Chemical Industry Park (NCIP). Ineos largest investment in China will be complete at the end of 2016, officials say.
The National Development and Reform Commission (NRDC) has given it´s approval for the 650,000 t phenol/acetone and 550,000 t cumene facility to be built in Nanjing/China.
(Picture: Process)
Nanjing/China – Ineos and Sinopec YPC have established a 50 % / 50 % joint venture company with a total investment of approximately $ 0.5 billion which will generate annual sales revenue of around $ 0.8 billion. It is expected that the new plant will be completed and operational by the end of 2016.
The project achieved regulatory approval by National Development Reform Commission (NDRC) on the 27th August. In addition the Jiangsu Province and Nanjing Municipal Government gave the green light to progress the project and start building the plant.
The new Joint Venture partnership will benefit from Sinopec's local feedstock advantages and cumene technology alongside Ineos proprietary phenol technology. The annual capacity of the new facility will be at least 400,000 t of phenol and 250,000 t of acetone. It will also include 550,000 t/a of cumene capacity. Together, with associated infrastructure, the Joint Venture will be the largest capital investment ever undertaken by Ineos in China.
Unfold for details of your consent
Stand vom 23.03.2021
Naturally, we always handle your personal data responsibly. Any personal data we receive from you is processed in accordance with applicable data protection legislation. For detailed information please see our privacy policy.
Consent to the use of data for promotional purposes
I hereby consent to Vogel Communications Group GmbH & Co. KG, Max-Planckstr. 7-9, 97082 Würzburg including any affiliated companies according to §§ 15 et seq. AktG (hereafter: Vogel Communications Group) using my e-mail address to send editorial newsletters. A list of all affiliated companies can be found here
Newsletter content may include all products and services of any companies mentioned above, including for example specialist journals and books, events and fairs as well as event-related products and services, print and digital media offers and services such as additional (editorial) newsletters, raffles, lead campaigns, market research both online and offline, specialist webportals and e-learning offers. In case my personal telephone number has also been collected, it may be used for offers of aforementioned products, for services of the companies mentioned above, and market research purposes.
In case I access protected data on Internet portals of Vogel Communications Group including any affiliated companies according to §§ 15 et seq. AktG, I need to provide further data in order to register for the access to such content. In return for this free access to editorial content, my data may be used in accordance with this consent for the purposes stated here.
Right of revocation
I understand that I can revoke my consent at will. My revocation does not change the lawfulness of data processing that was conducted based on my consent leading up to my revocation. One option to declare my revocation is to use the contact form found at https://support.vogel.de. In case I no longer wish to receive certain newsletters, I have subscribed to, I can also click on the unsubscribe link included at the end of a newsletter. Further information regarding my right of revocation and the implementation of it as well as the consequences of my revocation can be found in the data protection declaration, section editorial newsletter.