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Yisheng starts up new PET plant in Hainan

June 19/2020

MOSCOW (MRC) -- Hainan Yisheng Petrochemical Co Ltd has started up one of its polyethylene terephthalate (PET) new line since last weekend, reported CommoPlast with reference to market sources.

Based in Hainan, the new PET bottle plant consists of two lines with production capacity of 250,000 tons/year each.

Market players informed that the plant has started up one line last weekend and pending to achieve prime grade, meanwhile another line is expected to start-up in the near term, which resulting expectation that additional supply might pressured sentiment in domestic market.

As MRC wrote before, in early November 2019, Dalian Yisheng Co Ltd started up its new PET bottle plant. Based in Dalian, China, the new plant has a production capacity of 350,000 tons/year.

As per MRC's ScanPlast report, April total estimated PET consumption in Russia virtually did not change year on year, totalling 60,840 tonnes (in April 2019 - 60,980 tonnes). 235,160 tonnes of PET chips were processed in Russia in January-April 2020.

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