[Haichuan Petrochemical News] Tongkun Group plans to invest 8 billion yuan to build a new PTA plant next to Jiujiang Petrochemical, with a production capacity of over 2 million tons per year

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Tongkun Group plans to invest 8 billion yuan to build a new PTA plant next to Jiujiang Petrochemical, with a production capacity of over 2 million tons per year. From October 9th to 10th, Lin Binyang, Secretary of the Jiujiang Municipal Party Committee, visited Zhejiang to seek investment opportunities. At Tongkun Group, Lin Binyang and his entourage held discussions with Chen Shiliang, the group’s chairman, and other senior executives to advance the investment projects in Jiujiang. The project is planned to require an investment of 8 billion yuan. It will be located next to the Jiujiang Petrochemical Complex, using PX as a raw material to produce downstream products. The annual production capacity is expected to be around 2–2.4 million tons, and once operational at full capacity, it could generate annual main business revenues of over 10 billion yuan. At present, Tongkun Group is making every effort to complete the project approval processes as well as the environmental, energy, and safety assessments, with the goal of starting construction in the first half of 2019 and commencing operations in the first half of 2021.