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Dalian Yisheng startup new PET bottle plant

November 11/2019

MOSCOW (MRC) -- Dalian Yisheng Co Ltd has started up its new polyethylene terephthalate (PET) bottle plant by last weekend, reported CommoPlast with reference to market sources.

Based in Dalian, China, the new plant has a production capacity of 350,000 tons/year. The company is ramping up its production rate and expected to have prime grade by this week.

We remind that, as MRC wrote previously, another major Chinese PET producer - Shaoxing Reignwood Petrochemical - took off-stream a purified terephthalic acid (PTA) plant for maintenance on September 20, 2019. The plant was slated to remain under maintenance for about a week. Located at Shaoxing in China, the PTA plant has a production capacity of 1.4 mmt/year.

According to MRC's ScanPlast report, Russia's estimated PET consumption dropped in September 2019 by 10% year on year, totalling 58,210 tonnes. Overall, 551,320 tonnes of PET was processed in Russia in the first nine months of 2019, up 9% year on year.

Yisheng Petrochemical is jointly owned by polyester giants Zhejiang Hengyi Group and Zhejiang RongSheng Group.
Author:Margaret Volkova
Tags:PET-granulate, packaging, PET bottles, Shaoxing Reignwood Petrochemical, Yisheng Petrochemical, China, Russia.
Category:General News
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