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Dongfang Shenghong invests in the construction of the third phase of the PTA project

 Last Update: 2022-10-27
 Source: Internet
 Author: User

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　　On June 27, Dongfang Shenghong announced that its second-level wholly-owned subsidiary Jiangsu Honggang Petrochemical Co.
, Ltd.
(hereinafter referred to as Honggang Petrochemical) will invest in the construction of 2.
4 million tons/year of purified terephthalic acid ( PTA) Phase III project
.

　　It is reported that Honggang Petrochemical currently has a PTA production capacity of 3.
9 million tons/year.
After the project is put into operation, Honggang Petrochemical will have a total PTA production capacity of 6.
3 million tons/year
.

　　It is understood that the total investment of the project is 3.
939 billion yuan.
It is located in Lianyungang Petrochemical Industry Base, Xuwei New District, Lianyungang City, Jiangsu Province.
The construction period is planned to be 28 months
.
The project is in line with the company's industrial integration development strategy.
It is an important intermediate link in the company's "crude oil refining-paraxylene (PX)/ethylene glycol-PTA-polyester-chemical fiber" industry chain, which digests the company's Shenghong refining and chemical integration upward.
The PX production capacity of the project will provide a stable supply of raw materials for the company's polyester chemical fiber segment, which is conducive to the realization of the company's development strategy and the sustainable and stable development of production and operation
.

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