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Chinese dependence on PX imports to ease in 2010

25
Dec '09
In 2009, a number of Paraxylene (PX) production plants were or are being put into operation in China and the Middle East, which includes CNOOC's 840,000 tons per year plant in Huizhou, seven million ton per year plant of Fujian Joint Petrochemical in Quanzhou, 700,000 tons per year plant of Fujia Dahua Petrochemical in Dalian.

Other include a 600,000 tons per year plant of Sinopec Shanghai Petrochemical, one million tons per year plant of PetroChina Urumqi, Oman's 819,000 tons of aromatics capacity in Oman and a 774,000 ton PX plant in Kuwait.

The petrochemical projects first approved within the revitalization plan of China's petrochemical industry adopted by the government also includes PX projects under construction such as the 700,000 tons per year PX plant of Fujian Refining & Chemical, PX plant in Huizhou and PX devices of Shanghai Petrochemical and Urumqi.

The government provides policy support of 6 percent of preferential interest incentive to the approved projects. In addition, new PX capacities in China also include 800,000 tons per year of Paraxylene project of Tenglong (Zhangzhou) Co., Ltd.

China has a very large consumption of PX and it accounts for more than a third of total world consumption, due to which its dependence on imports is more than 50 percent. However, this situation has changed dramatically in 2009.

By the end of 2008, China's PX capacity reached 5.35 million tons or so. With new capacity addition of 4.64 million tons, total PX capacity will reach 10 million tons after all these projects are put into operation, which will ease dependence on PX imports.

Fibre2fashion News Desk


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