Ineos strikes phenol deal with Chinese

Chemicals firm Ineos Phenol and Chinese petrochemical firm Sinopec have signed have agreed a deal for the design and operation of a phenol/acetone joint venture at the Nanjing Chemical Industrial park in Jiangsu Province, China.

By The Newsroom

Published 26th Jan 2011, 21:48 BST

Updated 27th Jan 2011, 20:24 BST

The annual capacity of the new facility will be 400,000 tonnes of phenol and 250,000 tonnes of acetone making it the largest plant of its kind in China.

Ineos Phenol is the world's leading manufacturer of phenol and acetone with sites in Belgium, Germany and USA. China is the world's fastest growing market for phenol and acetone.