Hengli Petrochemical recently commissioned the first phase of a world-scale purified terephthalic acid (PTA) project in Changxing Island of Dalian, Liaoning Province – China, in a record time of just two years, from the time the project was conceptualized.
Hengli Petrochemical which is utilizing PTA technology from Invista, claims that the plant is the world's largest monomer production plant.
The PTA plant was set up in a record time of two years after Hengli Group, Dalian municipal government and Changxing Island CMC signed an investment agreement. It completed all purchases in six months and took just seven months to install the main equipment.
According to media reports, the first phase of the PTA plant will have a capacity of 2.2 million tons per annum and after the entire project is commissioned, PTA capacity will reach 4.4 million tons per year.
Hengli Petrochemical plans to invest around €3.2 billion in the plant and hopes to achieve revenues of around 170 billion Yuan once the entire plant is commissioned.
