New Caprolactam Project to Come on Stream in China as Consequence of Hengyi Group & Sinopec Baling Partnership
CHEMMONITOR.COM – China-based Zhejiang Hengyi Group and Sinopec Baling Co. officially announced the formation of a joint enterprise. The companies launched Zhejiang Baling Hengyi Caprolactam Co with intent to put on stream new caprolactam plant.
The facility will be situated in Xiaoshan (China). Its annual capacity is expected to average 200,000 tonnes. The project was financed by both companies. Its value constitutes over Yuan 3 billion.
Sinopec Baling Co and Hengyi Group plan to bring the unit into production in the first half of 2012.