Shandong, China - Shandong OCI-Jianyang Carbon Black, a joint venture between Shandong Energy Zaozhuang Mining Group and Korea's chemical company OCI Corp., broke ground on its 200-kilotonnes-per-annum (ktpa) carbon black project on 10 Oct.
The project is located at Xuecheng Economic Development Area in Zaozhuang, Shandong province with a total area of 80,000 square metres, according to the project's environmental assessment report.
The first phase of the project has 120ktpa capacity including two 40ktpa hard carbon black lines and one 40ktpa soft carbon black line. The first phase, with $98 million (€78 million) investment, is scheduled to go into operation in October 2015.
The whole project, with $205 million (€164 million) total investment earmarked, is expected to bring in $210 million (€168 million) annual revenue when completed.