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Guangming Net, 23 hours ago · Official Guangming Net account. Yangpu, June 14 (Reporters: Zhang Wenjun, Special Correspondent: Hao Shaobo) Reporters from Hainan Daily learned recently from Hainan Yisheng Petrochemical Co., Ltd. that the company’s 8th PET production unit came online on June 12. Once this set of production facilities comes online, it will further enhance the Yangpu petrochemical industry chain, increase the added value of petrochemical products, and accelerate the development of differentiated production within the park’s petrochemical industry. On June 13, in the control room of PET Phase III at Hainan Yisheng Petrochemical Co., Ltd., a reporter from Hainan Daily saw five staff members monitoring the operation of the production equipment through computer screens. “The 8th PET production line currently has a daily production capacity of 400 tons, which will be gradually increased to 750 tons per day. We produce food-grade packaging materials, which are primarily supplied to downstream food companies and other entities that use them to manufacture packaging. As a result, strict requirements are imposed on the entire production process and its parameters. ”Zhang Sihua, the director of the PET production department at the company, explained.
It is reported that Hainan Yisheng Petrochemical Co., Ltd. has built a PTA plant with an annual production capacity of 2.1 million tons and a PET plant with an annual production capacity of 1.5 million tons. The project under construction is a new multi-functional material plant with an annual production capacity of 500,000 tons; it is part of the PET Phase 3 project. The PET Phase 3 project, with a total investment of around 830 million yuan, began construction in December 2018. It mainly includes the 7th and 8th PET production units; the 7th PET production unit is expected to come online in mid-July. This project focuses on the production of new types of functional polyester materials.
Hainan Yisheng Petrochemical Co., Ltd. was primarily established through a joint venture between Zhejiang Hengyi Petrochemical Co., Ltd. and Rongsheng Petrochemical Co., Ltd. (both of these investment companies are listed on the stock market). The PTA companies that have been established through their joint investment and are now in operation include Zhejiang Yisheng Petrochemical Co., Ltd. and Dalian Yisheng Petrochemical Co., Ltd.; Hainan Yisheng Petrochemical Co., Ltd. is the third PTA production facility that is under development. Our company was established in 2010, and we invested in building a \"project with an annual production capacity of 2.1 million tons of purified terephthalic acid\" in the Yangpu Economic Development Zone; this project is commonly referred to as the PTA project ; The project covers an area of about 1,400 mu, with an investment of around 6 billion RMB, to build a PTA plant with an annual production capacity of 2.1 million tons. Upon completion of the project, the annual sales revenue is expected to be around 13 billion yuan, with annual tax revenues of approximately 1 billion yuan; the project will employ around 600 people. Production and construction: Work began in 2010, with completion scheduled for mid-2012. Zhejiang Xiaoshan Marketing Center: sells PTA from Ningbo and Dalian, as well as products from the future Hainan company.