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China based - Xianglu Petrochemical plans to start a new purified terephthalic acid (PTA) plant by the end of the third quarter.
“Trial runs at the plant located at Fujian province, China are planned to be undertaken in the beginning of the third quarter of 2013 and production is planned to begin at the end of the same quarter,” a company official told fibre2fashion.
The PTA plant is being set up at an estimated investment of US$ 400 million. The plant is presently under construction and is expected to be completed at the beginning of Q3 2013.
The production capacity of the PTA plant is 4.5 million tons per year.