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Sinochem News Network recently, Sinopec Guizhou Nenghua 500,000 tons/year polyglycolic acid (PGA) project phase I internal review meeting was held in Guiyang
.
The total investment of the project is about 23 billion yuan, of which the total investment of the first phase of the project is about 11 billion yuan.
In 2024, 200,000 tons/year of polyglycolic acid will be built, and the average annual sales revenue of the product will reach 3.
15 billion yuan
.
The second phase will be built in 2026 with a capacity of 300,000 tons/year of polyglycolic acid
It is reported that PGA is a synthetic polymer material that can be metabolized by microorganisms in the natural environment, and has broad market application prospects
.
The project is located in Zhijin County, Bijie City.