Fuzhou, Fujian – State-owned chemical group Fujian Pec signed a contract in March with Fuzhou’s municipal government to build two isocyanate projects, according to a local government website.
Both projects are located in Fuqing county. An 800kT/year MDI project with CNY 12.6bn ($1.8bn) investment earmarked broke ground in April and is expected to come on stream in 2020.
The other project has 200kT/year TDI capacity and will be conducted by the group’s subsidiary Southeast Electrochemistry, one of China’s largest TDI makers. It schedules to break ground within this year and start up in 2020. Nearly CNY 4bn investment will be pumped into the project.
Exchange Rates: Xe.com 3 May, 2017