Hami, China – Hami Dolphin Technology has started construction of its 10kT/year specialty carbon black plant in Hami, Xinjiang, according to the company.
The new plant has a total area of 33,000 square metres and €4 million (29 million yuan) investment earmarked, of which €2.3 million will be pumped into the project’s first phase with 3kT/year capacity.
“The first phase will be completed in May or June , and we are planning to begin the second phase in March ,” the company’s chairman Yue Tong told ERJ. “The whole project could be in operation by the end of June.”
Hami Dolphin Technology was set up in Dec. 2014 with €715,000 registered capital at the 13th Division’s Erdaohu Industrial Park that will house the plant. “The cost for a new plant is lower at this time with the slowed economy, and we are targeting high end carbon black market which still has been doing well,” Yue averred.
The company is looking to initiate export to Central Asia and Europe – areas in the vicinity of Hami – by the end of 2016.