Neste plans three projects

Journal Article · Wed Feb 03 04:00:00 EST 1993 · Chemical Week; (United States)

OSTI ID:6490228

Neste Chemicals (Helsinki) is discussing three joint ventures with local authorities in China, says Mikko Haapavaara, v.p./Asia. The projects should help the Finnish producer to increase sales in Asia by a considerable amount by 2000, he says. The plan involves production of polyethylene (PE), unsaturated polyester resins and PE compounding-all core operations. Sites have not been selected, but Shanghai is the favored location for the PE operations. The company is also looking at a site in the south, near Hong Kong, and at locations near Beijing. The PE plant would need to be near an ethylene unit, says Haapavaara. The PE resin plant would be designed to produce about 150,000 m.t./year and would cost about No. 150 million. A part of the output would need to be exported to take care of the financing, the company says. A feasibility study now under way with the potential Chinese partners should be completed by the end of March. The plant would use Neste's linear low-density PE process, proved in a world-scale plant at Beringen, Belgium. The compounding units would produce specialty PE material for the wire and cable and pipe industry. The company is a joint venture partner in a propane dehydrogenation/polypropylene (PP) plant and a minority partner in a Qualipoly, the 20,000 m.t./year unsaturated polyester resin producer.

• OSTI ID: 6490228
• Journal Information: Chemical Week; (United States), Journal Name: Chemical Week; (United States) Vol. 152:4; ISSN CHWKA9; ISSN 0009-272X
• Country of Publication: United States
• Language: English

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02 PETROLEUM
020700* -- Petroleum-- Economics
Industrial
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ASIA
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CHEMICAL PLANTS
CHINA
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DEVELOPED COUNTRIES
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EUROPE
FINANCING
HONG KONG
INDUSTRIAL PLANTS
INDUSTRY
JOINT VENTURES
ORGANIC COMPOUNDS
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