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On the evening of September 30, Hengli Petrochemical issued an announcement on the investment and construction of a PTA project with an annual output of 5 million tons
In order to further consolidate the scale advantage of upstream production capacity, enhance the comprehensive competitiveness of the entire polyester chemical fiber industry chain, and enhance the sustainable profitability of listed companies, Hengli Petrochemical (Huizhou) Co.
The name of the project is Hengli Petrochemical (Huizhou) Co.
The investment amount of the project is RMB 11,494,910,000, of which the investment in project construction is RMB 9,899,910,000 (including USD 120,100,000 in foreign exchange)
It is understood that Hengli Petrochemical's existing PTA production capacity totals 11.
After the project reaches its production capacity, it is estimated that the average annual sales revenue will be 21.