INEOS Phenol to invest in 400,000 tonne phenol acetone plant in China
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Following approval by the National Development Reform Commission (China), the Ministry of Commerce and the Jiangsu Province Administration of Industry and Commerce, INEOS phenol has announced its intention to invest in a 400,000 tonne phenol plant in Zhangjiagang, Jiangsu Province, China. The new facility, which will also produce 250,000 tonnes of acetone, will be solely owned by INEOS and is expected to be completed at the end of 2009.