Hengli Petrochemical Co., Ltd. recently announced that the subsidiary Sun Company Hengli Petrochemical Co., Ltd. plans to invest in the construction of an annual output of 2.5 million tons of PTA-4 project.
The total investment of the project is approximately RMB 2.9 billion, which is located in the petrochemical industrial park of Dalian Changxing Island Economic Zone. The project is expected to complete the civil construction by the end of 2018, and trial production in the fourth quarter of 2019.
According to the announcement, the project is adjacent to Hengli Petrochemical's existing production capacity of Phase I and Phase II. After completion, its existing PTA production capacity will increase from 6.6 million tons/year to 9.1 million tons/year, and the new installation will use INVISTA's latest The technology will help the listed company further strengthen its competitive advantages in technology, scale and cost in the PTA industry upstream of the polyester chemical fiber industry chain, optimize the entire industrial chain structure, consolidate the leading edge of upstream production capacity, and enhance the company's comprehensive competitiveness.