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Coordinates: West of Gangqian Avenue and north of Zoushan Third Road, Lianyungang Petrochemical Industry Base, Xuwei New Area, Lianyungang City, Jiangsu Province. Project: Phase III project of Jiangsu Honggang Petrochemical Co., Ltd. for the production of 2.4 million tons per year of purified terephthalic acid (PTA). Investment amount: 3,938,550,000 yuan. Latest progress: Recently, in accordance with the requirements of the “Measures for Public Participation in Environmental Impact Assessment” issued by the Ministry of Ecology and Environment under Order No. 4, information related to the Phase III project of Jiangsu Honggang Petrochemical Co., Ltd. for the production of 2.4 million tons per year of purified terephthalic acid (PTA) was made public. The project plans to build a production facility for 2.4 million tons per year of purified terephthalic acid (PTA). Concurrently, supporting projects and auxiliary facilities such as a circulating water cooling station (Phase 3), a power distribution room (Phase 3), a cabinet room (Phase 3), liquid nitrogen facilities (Phase 3), hydrogen compressors (Phase 3), a tank area for the facility (Phase 3), PTA packaging and finished product warehouses (Phase 6), and a central control room will be constructed, with other aspects relying on existing facilities.
To determine whether this investment is good or not, one needs to look at the return on investment. For example, how much of the investment comes from own cash, and what is the plan for allocating funds over several years, with how much to be invested each year. How much is the loan, what is the form of the loan, and what is the interest rate?