Published on June 28, 2017
Pan-Asia PET Resin (Guangzhou) Co, one of the leading PTA manufacturer in China, foresees its US$3.8 biln petrochemical project in Saudi Arabia. The first phase of the complex will become operational in August 2020. The project will be the first petrochemical project wholly owned by a foreign investor in Saudi Arabia. The nearby Jazan Economic City located plant will include 2.5 mln metric tpa of purified terephthalic acid, 1 mln tpa of PET, 200,000 tpa of engineering plastic.
