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    Home > Chemicals Industry > China Chemical > With an investment of nearly 11.5 billion yuan, Hengli Petrochemical will build a new 2×2.5 million tons/year PTA project

    With an investment of nearly 11.5 billion yuan, Hengli Petrochemical will build a new 2×2.5 million tons/year PTA project

    • Last Update: 2022-05-28
    • Source: Internet
    • Author: User
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    On the evening of September 30, Hengli Petrochemical issued an announcement on the investment and construction of a PTA project with an annual output of 5 million tons.


    On the evening of September 30, Hengli Petrochemical issued an announcement on the investment and construction of a PTA project with an annual output of 5 million tons.


    In order to further consolidate the advantages of upstream production capacity, enhance the comprehensive competitiveness of the entire polyester chemical fiber industry chain, and enhance the sustainable profitability of listed companies, Hengli Petrochemical (Huizhou) Co.


    Basic situation of investment projects:

    Project Name: Hengli Petrochemical (Huizhou) Co.


    Project Name: Hengli Petrochemical (Huizhou) Co.


    Project construction unit: Hengli Petrochemical (Huizhou) Co.


    Project construction land: The project construction site is located in Daya Bay Petrochemical Park, Huizhou, Guangdong Province.


    Project construction content and scale: This project mainly constructs two sets of PTA main devices and other supporting devices.


    Project construction period: The project is planned to be completed and put into production at the end of 2021.


    Project Investment Amount: The total investment is RMB 11.


    Fund raising: own funds of 3.


    The impact of foreign investment on listed companies:

    The listed company's existing PTA production capacity totals 11.


    The listed company's existing PTA production capacity totals 11.
    6 million tons per year.
    It is the world's largest PTA production supplier with the largest production capacity, the most advanced technology and the most obvious cost advantage, and the only company in the industry with an equity capacity of more than 10 million tons.
    After the completion of this project, the listed company’s PTA production capacity will increase to 16.
    6 million tons per year, which will help the listed company to further strengthen its technology, scale and cost competitive advantages in the upstream PTA industry of the polyester chemical fiber industry chain, optimize the entire industry chain structure, and consolidate The upstream production capacity has a leading advantage to enhance the company's comprehensive competitiveness.
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