What is the total investment amount and planned production capacity of Hengyi's coal-to-MEG project in Xinjiang?

Hengyi Petrochemical plans to invest 25.7 billion yuan ($3.56 billion) in a coal-to-monoethylene glycol (MEG) project in Turpan, Xinjiang, with a planned production capacity of 2.4 million metric tons per year of polyester-grade ethylene glycol.

When is the project scheduled to start up, and what key pre-approval procedures have already been completed?

Construction is expected to take three years, with startup targeted in the first half of 2028; the project has already secured land use rights and completed key pre-approval procedures, including environmental impact, safety, and energy-saving assessments.

Hengyi to Invest $3.56B in Coal-to-MEG Project in China

May 18, 2026

Hengyi Petrochemical approved a $3.56 billion coal-to-monoethylene glycol project in Xinjiang with 2.4 million metric tons annual capacity. Operations are targeted for mid-2028 to reduce crude oil dependence.

chemweek

2026-05-18

Hengyi to Invest $3.56B in Coal-to-MEG Project in China

2026-05-20

China, India Opt for Coal Gasification

Hengyi to Invest $3.56B in Coal-to-MEG Project in China

FAQ