Hengli Petrochemical plans to invest 2.9 billion yuan to build PTA plant
Hengli Petrochemical (Dalian) Co., Ltd. is a subsidiary of Hengli Petrochemical Co., Ltd. which plans to invest 2.908 billion yuan (with its own funds of 872 million yuan) to build the "pta-4 project with an annual output of 2.5 million tons". The project adopts the latest technology of INVISTA. The company expects to complete the civil engineering and commissioning and trial production of 2019q4 by the end of 2018. The company expects that the revenue of the project will reach 11.25 billion yuan and the after tax profit will reach 680 million yuan.
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