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Hengli Petrochemical to lead global PTA additions by 2023

October 17/2019

MOSCOW (MRC) -- Hengli Petrochemical (Dalian) Co. Ltd. is expected to lead the global planned and announced purified terephthalic acid (PTA) capacity additions during the period 2019 to 2023, contributing around 22% of the global growth by 2023, according to GlobalData,

Hengli Petrochemical (Dalian) Co. Ltd. is expected to add a capacity of 5.00 million tonnes per annum (mtpa) from two planned projects by 2023.

Dayanand Kharade, Oil and Gas Analyst at GlobalData, says: Hengli Petrochemical Dalian PTA Plant and an expansion project Hengli Petrochemical Dalian PTA Plant Expansion will account for the companys entire capacity additions, each with a capacity of 2.50 mtpa. They are expected to start operations by 2023."

As MRC informed earlier, Hengli Petrochemical has taken off-stream its No. 1 purified terephthalic acid (PTA) plant for a turnaround. The company has halted operations at the plant on October 7, 2019. The plant is likely to remain under maintenance for around two weeks. Located in Dalian, China, the No. 1 PTA plant has a production capacity of 2.2 million mt/year.

PTA is used to produce polyethylene terephthalate (PET), which is used in the manufacturing of plastic bottles, films, packaging containers, in the textile and food industries.

According to MRC's DataScope report, Chinese bottle grade PET deliveries to Russia increased 34% in the first eight months of 2019 to 95,600 tonnes. China accounted for 90% of the total imports, compared to 85% a year earlier.
August imports of material from China decreased by 41% to 7,600 tonnes from 12,800 tonnes in July. Jiangsu Sanfangxiang, Yisheng, Wankai and Sinopec were the leading Chinese suppliersof material to the Russian market.


mrcplast.com
Author:Anna Larionova
Tags:PET-granulate, terephthalic acid, PET bottles, PET films, PET preforms, Hengli Petrochemical.
Category:General News
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