• Login
    • Join
  • FOLLOW:
  • Subscribe Free
    • Magazine
    • eNewsletter
    Checkout
    • Magazine
    • News
    • Research
    • Markets & Technologies
    • Raw Materials
    • Top Companies
    • Directories
    • Jobs
    • Events
    • Microsites
    • More
  • Magazine
  • News
  • Research
  • Markets & Technologies
  • Raw Materials
  • Top Companies
  • Directories
  • Jobs
  • Events
  • Microsites
  • Current / Back Issues
    Features
    Business Corner
    Editorial
    Digital Edition
    eNewsletter Archive
    Our Team
    Editorial Guidelines
    Subscribe Now
    Advertise Now
    World Reports
    eBook
    Top Features
    Aerospace Coatings Market

    Energy Curing and Coil Coatings

    Lab/Testing Equipment Update

    High Performance and Special Effect Pigments

    The Wood Coatings Market
    Breaking News
    Online Exclusives
    Distributor News
    Financial News
    Paint & Coatings Manufacturer News
    People In the News
    Price Increases
    Product News
    Raw Materials & Equipment
    Video Bites
    Suppliers News
    Live From Shows
    Top News
    ABC: Tariffed Construction Materials Prices Rise in May

    BASF Coatings Looks to Sell Coatings Business: Bloomberg News

    Two New Directors Add Expertise to ChemQuest Team

    Nor-Shipping Reaction from AkzoNobel

    BASF Starts Up New Plant for Hexamethylenediamine in Chalampé, France
    Top Companies report
    Market Research
    White Papers / Tech Papers
    Technical Papers
    Product Spec Sheets
    World Reports
    Adhesives and Sealants
    Aerospace Coatings
    Architectural Coatings
    Automotive Coatings
    Automotive Refinish
    Business Operation
    Color Trends & Forecast
    Construction Chemicals
    Corrosion Control
    Industrial Coatings
    Laboratory Equipment
    Marine Coatings
    Market Trends & Forecast
    Powder Coatings
    Production Equipment
    Radcure Coatings
    Special Purpose Coatings
    Wood Coatings
    "Green" Coatings

    Nor-Shipping Reaction from AkzoNobel

    Linseed Paint Expert Launches Online AIA Training Course

    The Powder Coating Institute Announces 2025 Hall of Fame Inductees

    Powder Coating Institute Announces Executive Director Kevin Coursin’s Retirement

    Behr Unveils Second Annual Commercial Color Forecast
    Additives
    Binders
    Pigments
    Solvents

    Münzing Expands U.S. Operations with New Production Facility in South Carolina

    Aditya Birla Acquires Cargill Specialty Chemical Facility in Georgia

    Evonik Coating Additives Launches TEGO Foamex 8051

    BASF Introduces Reactive Polyethylene Glycol Pluriol A 2400 I in Europe

    International Carbon Black Association Releases Industry-Average Product Carbon Footprint
    Company Capabilities
    Buyers Guide
    Distributor Guide
    Add New Company
    International Buyers Guide Companies
    Evonik Corporation

    Shepherd Color Company, The

    Gehring Montgomery Inc

    WAB US Corp

    Patcham USA
    Industry Events
    Webinars
    Live From Show Event
    Top Events
    Coatings Expo Vietnam 2025

    West Africa Coatings Show

    ABRAFATI SHOW 2025

    Paint Bangladesh 2025

    Paint Expo Eurasia
    Companies
    White Papers/Tech Papers
    Product Spec Sheets
    Equipment
    Literature/Brochures
    Videos
    International Buyers Guide Companies
    Evonik Corporation

    Shepherd Color Company, The

    Gehring Montgomery Inc

    WAB US Corp

    Patcham USA
    • Magazine
      • Current / Back Issues
      • Features
      • Editorial
      • Business Corner
      • Digital Edition
      • eNewsletter Archive
      • Editorial Guidelines
      • Subscribe Now
      • Advertise Now
    • Breaking News
    • Directories
      • Buyers Guide
      • Distributor Guide
      • Corporate Capabilities
      • Trade Associations
      • Add Your Company
    • Markets & Technologies
      • Adhesives and Sealants
      • Aerospace Coatings
      • Architectural Coatings
      • Automotive Coatings
      • Automotive Refinish
      • Business Operation
      • Color Trends & Forecast
      • Construction Chemicals
      • Corrosion Control
      • Industrial Coatings
      • Laboratory Equipment
      • Marine Coatings
      • Market Trends & Forecast
      • Powder Coatings
      • Production Equipment
      • Radcure Coatings
      • Special Purpose Coatings
      • Wood Coatings
      • "Green" Coatings
    • Raw Materials
      • Additives
      • Binders
      • Pigments
      • Solvents
    • World Reports
      • Africa Report
      • China Report
      • India/Asia Pacific Report
      • Europe Report
      • Latin America Report
      • Market Research
      • Russian Report
    • Top Companies
    • Online Exclusives
    • Glossary
    • Slideshows
    • Experts Opinions
    • Blog
    • eBook
    • Infographics
    • Videos
    • Podcasts
    • Whitepapers
    • Jobs
    • Microsites
      • Companies
      • White Papers/Tech Papers
      • Product Spec Sheets
      • Equipment
      • Literature/Brochures
      • Videos
    • Events
      • Industry Events
      • Live From Show Event
      • Webinars
    • About Us
      • About Us
      • Contact Us
      • Advertise With Us
      • Privacy Policy
      • Terms of Use
    Breaking News

    INEOS and Sinopec to Form JV to Build Phenol and Acetone Plant in China

    ...

    03.17.14
    INEOS Phenol and Sinopec Yangzi Petrochemical Company (Sinopec YPC) have entered into an agreement  to form a 50/50 joint venture company.
    The joint venture is to be called INEOS YPC Phenol (Nanjing) Company Ltd. It will have a total investment of approximately $0.5bn (RMB3.15 bn) and is expected to be operational by the end of 2016.
    INEOS YPC Phenol (Nanjing) Company Ltd will now build the largest Phenol and Acetone plant in China. The plant will be based on INEOS's proprietary phenol technology and Sinopec's proprietary cumene technology. It will benefit from Sinopec's local feedstock and personnel advantages and will generate annual sales revenue of around $0.8 bn (RMB 4.9 bn). It will promote the upgrading of the chemical industry in Nanjing.
    The annual capacity of the new plant will be at least 400,000 tons of phenol and 250,000 tons of acetone. It will also include 550,000 tons/year of cumene capacity. Together, with associated infrastructure, the Joint Venture will be the largest capital investment ever undertaken by INEOS in China and opens new opportunities for the company to meet the needs of this rapidly growing market.
    The location of the plant in Nanjing, Jiangsu Province places it at the center of China's largest market for both phenol and acetone. Once completed, the plant will supply phenol/acetone to customers including on-site consumers. This integration will strengthen and underpin the phenol/acetone derivatives industry in what is the biggest chemical market in Eastern China.
    Following the completion of this project INEOS Phenol will further strengthen its leading position and will be the only company to have global manufacturing capability, with phenol and acetone production in Europe, the USA, and Asia, with sites in Germany, Belgium, and USA (Alabama). China is the world's fastest growing market for phenol and acetone and Sinopec is China's leading producer of phenol and acetone with three production sites in Shanghai, Beijing, and Tianjin.
    Phenol and acetone are important organic chemical intermediates. They are widely used in the industries of phenolic resin, caprolactam, bisphenol A, salicylic acid, fibers, plastic, synthetic rubber, pharmaceuticals, agrochemical, dyes, coatings, leather and epoxy resins. 
    Related Searches
    • sinopec
      Loading, Please Wait..
      Breaking News
      • ABC: Tariffed Construction Materials Prices Rise in May
      • BASF Coatings Looks to Sell Coatings Business: Bloomberg News
      • Two New Directors Add Expertise to ChemQuest Team
      • Nor-Shipping Reaction from AkzoNobel
      • BASF Starts Up New Plant for Hexamethylenediamine in Chalampé, France
      View Breaking News >
      CURRENT ISSUE

      May/June 2025

      • Aerospace Coatings Market
      • Energy Curing and Coil Coatings
      • Lab/Testing Equipment Update
      • High Performance and Special Effect Pigments
      • View More >