Mitsui Chemicals and Sinopec to Build Phenol and EPT Complex in China

Mitsui Chemicals and Sinopec say they have "reached a fundamental agreement" to build a world-scale phenol and acetone complex as well as an ethylene-propylene-diene terpolymer (EPT) plant at Caojing, near Shanghai at an estimated cost of Y60 billion ($660 million). The two partners already operate a 120,000-m.t./year bisphenol A (BPA) plant at Caojing under their Shanghai Sinopec Mitsui Chemicals (SSMC) equally owned alliance. The new complex will be designed to produce 250,000 m.t./year of phenol and 150,000 m.t./year of acetone using Mitsui...

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