Total investment of 15 billion! The Hengli (Huizhou) PTA project is expected to come online in the second quarter of next year!
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Recently, it was learned from Daya Bay District that Hengli Petrochemical (Huizhou) Co., Ltd. is making every effort to advance the project construction, with completion and operation of the project expected in the second quarter of next year. Since its establishment last year, this project with a total investment of 15 billion yuan has seen its construction progress accelerate steadily: on August 13, 2020, the Hengli Petrochemical (Huizhou) PTA project officially signed an investment cooperation agreement ； On January 7, 2021, construction of the project officially began. **It took only 37 days from the land being made available to the start of construction… Chen Qi, general manager of Hengli Petrochemical (Huizhou) Co., Ltd., said that there are over 2,000 workers at the construction site every day. The civil engineering work in the main plant area is nearly 30% complete, and it is expected that most of the construction will be finished by the end of this year, with equipment installation also essentially complete. It is reported that the Hengli (Huizhou) Industrial Park is the eighth production base established by the Hengli Group across the country, and it is also the first industrial project the group has set up in South China. Polyester chips produced by the PTA industry are an important intermediate product that links petrochemical products with those of various other industries. The establishment of the Hengli (Huizhou) PTA project will help to address the weaknesses in the mid- and downstream segments of the petrochemical industry in Huizhou and throughout Guangdong, thereby improving the modernization level of the petrochemical energy and new materials industry chain. It will also provide a strong impetus for Huizhou to develop a petrochemical energy and new materials industry cluster worth trillions of yuan. “Building on this, the project can locally process the crude oil refining products from the upstream areas of the Daya Bay petrochemical complex, thereby reducing the production costs for enterprises and enhancing the market competitiveness of their products ； Downward, Huizhou is making significant efforts to develop the new materials industry; its products can serve as raw materials for this industry, and they can even attract downstream enterprises to set up operations there.
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