New JV to Start Phenol and Acetone Facility in China by Late 2016
CHEMMONITOR.COM - Germany-based phenol and acetone producer INEOS Phenol and Chinese crude oil and natural gas company Sinopec Yangzi Petrochemical Co.,Ltd. inked an agreement to form a JV, named INEOS YPC Phenol in China. The new JV will build the largest world-scale phenol and acetone plant in Nanjing (China).
The plant is assessed at about CNY 3.15 billion (USD 0.5 billion). The projected facility is scheduled to go on stream by late 2016.