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Hengyi Petrochemical announced that the company's shareholding subsidiary, Zhejiang Yisheng New Materials .
According to reports, Yisheng New Materials, the main investor of the project, is jointly held by Hengyi Petrochemical and Ningbo Zhongjin Petrochemical, with each holding 50% of the shar.
The announcement shows that the construction site of the project is the Petrochemical Economic and Technological Development Zone, Ningbo City, Zhejiang Province, with a planned area of about 366 mu, and 2 sets of PTA production units will be constructed to form an annual output of 6 million tons of P.