Shihezi, Xinjiang –Tianzhi Chenye Chemicals based in Shihezi, Xinjiang Uyghur Autonomous Region, is planning to start trial run for its phase-two expansion project with 200kT/year ethylene glycol facilities and 170kT/year 1,4-BDO (butane diol) facilities in August 2014.
The phase-two project broke ground in May 2013 in the Shihezi Industrial Zone. The facilities are scheduled to start full operation by the end of 2014 and provide 1,000 new jobs, said the company.
The phase-one project with a 50kT/year ethylene glycol capacity and a 30kT/year 1,4-BDO capacity was commenced in July 2011 and finished construction in 2012.
Tianzhi Chenye was set up in 2013 and is an affiliate of state-owned conglomerate Xinjiang Tianye Group. The group has arms in chemicals, mining, electricity and real estate, and two public subsidiaries listed in Shanghai and Hong Kong. According to the group's website, it had an RMB25bn ($4bn) main business revenue in 2013.
Besides the ethylene glycol and 1,4-BDO facilities, the group currently has a 1,000kT/year capacity for caustic soda, a 2,000kT/year capacity for calcium carbide, a 1,200kT/year capacity for PVC resins and 1,400kw thermal output, says the website.
The group is also a manufacturer of agricultural plastic water-saving devices including water sprinklers which are used across China and have been exported to several countries in West Asia.
XE Currency Conversion: 4 June, 2014