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Ineos: JV with Sinopec to build 400,000 t/y phenol plant in China

Ineos Phenol (Lyndhurst / UK; www.ineos.com) and Sinopec Yangzi Petrochemical (Beijing / China; www.sinopec.com) are planning a jv to build and operate China's largest phenol and acetone manufacturing site at the Nanjing Chemical Industrial Park. The new facility will produce 400,000 t/y of phenol and 250,000 t/y of acetone along with 550,000 t/y of cumene.

Ineos Phenol CEO Leen Heemskerk said that building capacity in China was strategically important for the company and that its partnership with Sinopec would offer benefits in technology and feedstock and supply chain integration. The project is expected to be completed in 2013.

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