Home / Knowledge / News / Textiles / Keyuan adds desulfurization process at refining plant
Keyuan adds desulfurization process at refining plant
Jul '10
Keyuan Petrochemicals, Inc., a leading independent manufacturer and supplier of various petrochemical products in China, announced that it has completed and placed in service, effective July 1, 2010, a new desulfurization process at its current refining facility for BTX aromatics. By reducing the sulfur content, the Company will be able to realize higher selling prices and improved margins on certain of its BTX aromatics.

More specifically, the new process is being applied to Keyuan's BTX light aromatics, which account for 200,000 metric tons (MT) of the Company's total BTX aromatic production capacity of 345,000 MT a year. At the Company's current utilization rate of 100%, the higher pricing on BTX light aromatics could generate approximately $2.9 million in additional net profit per year.

The total investment made in adding the desulfurization process totaled about $4.4 million and is expected to be recovered within 1.5 years. BTX Aromatic products include benzene, toluene, xylene and other chemical components for further processing into oil resin, gasoline and solvent materials used in paint, ink, construction coating and pesticides.

"Keyuan strives to use technological capability to enhance our product offerings to better meet our customers' demands for more value-added, refined products," stated Mr. Chunfeng Tao, founder, chairman and chief executive officer of the Company.

"By adding this desulfurization process, we will be able to realize higher average selling prices for our light aromatics, further enhance our margins and improve the return on our installed asset base. In addition to this process improvement, as previously announced, we are also expanding our overall production and facility capacity in order to capitalize on China's growing demand for refined petrochemical products."

Growing demand driven by China's robust economic growth, coupled with under-developed domestic production capacity, has led to an imbalance in supply and demand for refined petrochemical products that is likely to persist for many years. Due to the supply-demand imbalance that exists in China, Keyuan's customer order requests for 2010 have exceeded its current annual production capacity.

At March 31, 2010, Keyuan had annual petrochemical manufacturing capacity of 550,000 MT of a variety of petrochemical products, including BTX aromatics. In order to grow its business to meet its backlog and increasing customer demand, Keyuan plans to expand its petrochemical manufacturing capacity to 600,000 MT in 2011. The Company also plans to double its storage capacity to 200,000 MT by the end of 2011, and to add a new raw material pre-treatment facility and an asphalt production facility in 2012.

Keyuan Petrochemicals Inc

Must ReadView All

(L-R) Mr Shao Bojin, Chairman of Jihua Group and Mr Rohit Aggarwal, President of Huntsman Textile

Textiles | On 28th Oct 2016

Huntsman gets into strategic partnership with Jihua Group

Huntsman Textile Effects, the leading provider of high quality dyes...

Marzoli FT6D roving frames in Sintex’s Unit 2. Coutresy: Marzoli

Textiles | On 28th Oct 2016

Marzoli roving frames erected at Sintex textile division

A total of 48 Marzoli roving frames were erected in units I, II and...

Courtesy: Polartec

Textiles | On 28th Oct 2016

Polartec innovates most breathable waterproof fabric

Polartec, the premium provider of innovative textile solutions, has...

Interviews View All

Anvita Mehra
Confidential Couture

‘It is going to take some time for Indian buyers to get accustomed to...

Pinkesh Jain
Everflow Petrofils Ltd

‘An innovative technology which India needs desperately is the...

Riddhika Shah
SS Homme

'Worsted wool is the ideal fabric for menswear'

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer Prathyusha Garimella is known for blending...

Robert Brunner

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

October 2016

October 2016

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Browse Our Archives


Advanced Search