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Fujian Billion PC the second global producer of PTA by 2023

October 18/2019

MOSCOW (MRC) -- GlobalData identifies Fujian Billion Petrochemicals Co. Ltd. as the second highest capacity contributor among the global companies for planned and announced PTA capacity additions by 2023, said the company.

Fujian Billion Petrochemical Fujian PTA Plant, will account for the companys entire capacity additions by 2023. The project is expected to start operations in 2020, with a capacity of 2.50 mtpa.

ChengHong Holding Group Co. Ltd. stands third, contributing a capacity of 2.40 mtpa from an announced project by 2023.

As MRC informed before, 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. 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.

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, Fujian, Hengli Petrochemical.
Category:General News
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