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| I.
News Collection |
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| The
2nd Phase Polyester Project in Tianjin Passed Appraisal
(Last Update: 12/06/2001) |
| The 2nd
phase of 200,000MT/year polyester project in Tianjin Petrochemical Company
has passed appraisal from central government. The 2nd phase polyester project
includes: 250,000MT/year aromatic hydrocarbon united process; 250,000MT/year
PTA process; 200,000MT/year polyester process; 90,000MT/year terylene filament
process and 100,000MT/year terylene flock process. The 2nd phase project
started in March 1997 and finished in Sept 2000. By October 2001 this project
has yielded 755,700MT of various qualified and passed the certification
from concerning organization. |
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| Cerestar
Starch Project Finished (Last update: 12/03/2001)
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| The Cerestar
300,000MT/year corn-downstream-products project in Songyuan City, Jilin
Province, has been finished recently. This project started in 1997. The
total investment for this project is RMB1.425 billion. The main products
include starch, glucose, sorbitol, protein powder, corn oil, etc. |
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| Zhejiang
Jusheng Carrying Out TFE Enlargement (Last Update:
12/03/2001) |
| The affiliated
project of 5,000MT/year TFE enlargement, polytetrafluoroethylene disperse
polymerization process, in Zhejiang Jusheng Fluorine Chemical Co., Ltd.,
has gone into the final adjustment stage. The trial production will begin
in December 2001, when the total production capacity of polytetrafluoroethylene
will reach to 2,500MT/year. This makes preparation for the enlargement of
TFE from 5,000MT/year at present to 10,000MT/year in the year 2002. |
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| Shandong
Shuguang Becomes the Second Largest CPE Producer in
China (Last Update: 11/27/2001) |
| In August
2001 Shandong Shuguang Group Chemical Factory invested RMB 7 million to
enlarge the production capacity of chlorinated polyethylene (CPE), from
3,000MT/year to 15,000MT/year. At present it becomes the second largest
CPE producer in China. |
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| Organosilicon
Plant Growth Regulator Passed Appraisal (Last update:
10/26/2001) |
| The research
on organosilicon plant growth regulator by CNPC Jilin Petrochemical Research
Institute has passed appraisal from Jilin Province. This institute uses
new technology to produce regulator. The product assay reaches to 98%, surpassing
the assay from oversea companies (97%). Now they have built a 20MT/year
pilot production line. The trial application in Jilin, Heilongjiang, Hebei,
Henan and Jiangsu shows that this plant growth regulator will increase the
output of wheat by 11%, potato by 20%. |
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| Nanometer
Pipe Production Line Established in Shenzhen (Last
Update: 10/23/2001) |
| The largest
production base of nanometer pipe has been established in Shenzhen. This
production line is invested by Shenzhen Nanometer Port Co., Ltd., which
is a joint venture of CAS Chengdu Organic Chemical Research Institute and
Shenzhen Huiheng Investment & Development Co.,Ltd. The production line of
nanometer pipe is now under adjustment. It is reported that the nanometer
pipe possesses conductivity and semiconductivity properties. The strength
of nanometer pipe is a hundred times of that of steel but the density is
only one sixth of the steel. Shenzhen Nanometer Port Co., Ltd. owns the
technology for this material. They use hydrocarbon as raw material and continuous
method to produce nanometer pipe. The annual production capacity is 7MT.
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| Nanjing
Chemical Industry Zone Opened (Last Update: 10/18/2001)
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| The Nanjing
Chemical Industry Zone Open Ceremony was held on October 16th 2001. This
zone covers 41 square kilimeters. According to the blueprint about RMB10
billion of chemical projects undergoing at present and all the chemical
projects in the future will be located in this zone. The aim of this zone
is to form a production base of ethylene (1,000,000MT/year), oil refinery
(10,000,000MT/year), aromatic hydrocarbon (1,000,000MT/year), synthetic
resin (1,000,000MT/year), other chemical product (valued at RMB10 billion/year).
This zone will focus on the production petrochemical, basic organic chemical
raw materials, fine chemicals, polymer materials, new type materials, and
biopharmaceuticals. The long term target of this zone is to form a petrochenmical
production zone containing many large companies like Yangzi, Yangzi-BASF,
Nanjing Petrochemical, Jinling Petrochemical, Nanjing Chemical, etc. In
the near future some large oversea companies will enter the zone. They include:
1) BASF; 2) DSM (caprolactam project); 3) SHAW (assembly pipe project);
4) Cabot (carbon black project); etc. |
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| IFF
Great China Head Office Moves to Shanghai (Last
Update: 10/18/2001) |
| IFF Great
China R & D Center founded in Shanghai on October 11th, 2001. At the same
time the headoffice of great China moves from Hong Kong to Shanghai. The
R & D center occupies 2,600 square meter. The total investment of this center
is USD 1 million. The center will engage in the innovation, application
and evaluation of cosmetics, shampoo, soap, detergent, and the development
of snack, beverage, diary, candy, puffed food, instant noodle, meat product,
pharmaceutical and oral healthcare product. |
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| 20KT/year
Polyformaldehyde Project Approved (Last update:
10/17/2001) |
| Recently
State Planning Committee approved the 20,000MT/year formaldehyde project
in Shanxi Lanhua Science & Development Co. Ltd. The total investment for
this project is RMB580 million. It is expected that this project will be
finished in two years. Shanxi Lanhua Science & Development Co. Ltd. is a
coal enterprise. The formaldehyde project symbolizes that this company plans
to turn from a coal manufacturer to coal chemical supplier. |
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| The
Largest Neoprene JV Project Signed (Last update:
10/13/2001) |
| The largest
neoprene project was signed on Oct 12nd, 2001. It is a joint venture between
Shanxi Synthetic Rubber Group and an Armenia corporation. The total investment
for this project is RMB827 million, Shanxi Synthetic Rubber Group holding
60% shares. The designed capacity of neoprene is 30KT/year. At present the
annual demand for neoprene in China is 50KT/year. The largest neoprene manufacturer
in China is Shanxi Synthetic Rubber Group, whose capacity is 25KT/year.
Now this factory shares 34% of the Chinese market. But the technology in
this factory was introduced from the Russia 40 years ago, which is already
outdated. |