Hengli Petrochemical (Dalian, China) has made an announcement of investing 11.5 billion renminbi (USD1.6 billion) to build two purified terephthalic acid (PTA) units at the Daya Bay petrochemical park at Huizhou, Guangdong Province,
Each PTA unit will have a production capacity of 2.5 million metric tons/year (MMt/y). The opeartions are likely to initiate by the end of 2021.
The current position of company’s PTA production is 11.6 mln mt/year. According to company once the project is copmpleted, it expects annual sales to reach 21.2 billion renminbi and profit to rise to 1.2 billion renminbi.
