Spanish CEPSA to set up China phenol, acetone plant

CEPSA of Spain is to construct facilities at Caojing near Shanghai to enable production of 250,000 tons per year (tpy) of phenol and 150,000 tpy of acetone. The new plant will supply phenol and acetone to Bayer MaterialScience (BMS) and other producers of polycarbonate (PC) in the region. CEPSA currently supplies both chemicals for use by BMS at Caojing from its Huelva plant in Spain. A refiner of crude oil and seller of petroleum products, CEPSA employs more than 11,000 globally. (August 26, 2008)