[Ocean Chemical Project Information] Jiangsu Honggang will invest 3.9 billion to build the third phase of 2.4 million tons/year PTA

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On June 28, Dongfang Shenghong issued an announcement about its subsidiary’s investment in the construction of the third phase of a 2.4 million tons/year purified terephthalic acid (PTA) project. In order to further consolidate the scale advantage of PTA production capacity and enhance the comprehensive competitiveness of the entire industry chain, the company's secondary wholly-owned subsidiary Jiangsu Honggang Petrochemical will invest in the construction of a 2.4 million tons/year PTA phase III project. Project name: Jiangsu Honggang Petrochemical Co., Ltd. 2.4 million tons/year PTA Phase III project. construction site: Lianyungang Petrochemical Industry Base, Xuwei New District, Lianyungang City, Jiangsu Province, the project covers an area of ​​approximately 24.1 hectares. Construction content and scale: This project plans to build a 2.4 million tons/year PTA production unit, and simultaneously implement supporting projects and ancillary facilities such as desalted water storage tanks, circulating water cooling stations, comprehensive water supply stations, sewage treatment, hydrogen compressors and PSA, public transformation and distribution rooms, finished product packaging and finished product warehouses, material warehouses, transformation and distribution rooms, device tank areas, device cabinet rooms, etc. Other public auxiliary projects rely on existing facilities. Investment amount: The total investment of this project is 3.93855 million yuan, including construction investment of 3.50386 million yuan. Source of funds: Own funds, bank borrowings, etc. Project progress: The construction period of this project is planned to be 28 months. At present, the preparation, review, and project filing of the project feasibility study report have been completed, and are still in the early stage of approval.