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At the conference, Ineosphenol and Sinopec announced the establishment of a joint venture phenol ketone project. INEOS Phenol and Sinopec Yangzi Petrochemical Company jointly established and operated a phenol production plant in Nanjing Chemical Industry Park, Jiangsu Province, China. The new plant is expected to have an annual production capacity of 400,000 tons of phenol and 250,000 tons of acetone, which will become China's largest phenol-ketone plant, with a capacity of 550,000 tons of cumene. The Nanjing where the device is located is the core area of ​​China's phenolic ketone market and is currently expected to be completed in 2013.
The Chinese market is the fastest growing market for tropolone in the world. Sinopec is the leading producer of phenols, with Gaoqiao Petrochemical in the East China market, Yanshan Petrochemical in the North China market, and the phenolic ketone plant of Tianjin Petrochemical has been put into operation and sales. The INEOS phenones are installed in foreign markets and are installed in Germany, the United States, and others. With the completion of this project, INEOS will further strengthen its world-leading position as a phenol, which will be the only company with global phenol and acetone production capabilities, with production throughout Europe, the United States and Asia.
The 2010 China International Petroleum and Chemical Congress was held in Pudong, Shanghai on September 15-17. This is the first high-level, international petrochemical industry professional conference held since the establishment of the China Petroleum and Chemical Industry Federation. It has created an exchange for Chinese and foreign companies. The opportunity of cooperation has conveyed to the world the common aspiration of Chinese petrochemical companies.
May 21, 2021