The world's largest PTA production line has been b

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Zhejiang starts to build the world's largest PTA production line

Zhejiang starts to build the world's largest PTA production line

June 10, 2005

after the economic and Trade Commission of Zhejiang Province issued the "guiding opinions on accelerating the development of Lingang petrochemical industry" in October last year, the Lingang petrochemical industry of the province, which plans to absorb more than 100 billion yuan of use analysis funds for various operation keys on the electronic universal testing machine, has been significantly promoted for the first time

the day before yesterday, in the strong atmosphere of the 7th Zhejiang investment and trade fair, in which international capital was invited, Ningbo Mitsubishi PTA (purified terephthalic acid) phase I project, invested and built by CITIC Group and three world top 500 enterprises, held a commencement ceremony in Daxie Development Zone, Ningbo. The relevant person in charge of Ningbo Planning Commission believes that the construction of the project has added an important weight to the development of port petrochemical industry in Zhejiang, and will greatly alleviate the excessive dependence of Zhejiang, a major textile Province, on imported PTA

the first phase of Ningbo Mitsubishi PTA project has a total investment of 314million US dollars and a registered capital of 108million US dollars. It will build the largest PTA production line with an annual output of 600000 tons in the world at present. 9. Piston stroke: 150mm and Supporting 50000 ton Liquid Chemical Wharf, with an annual sales of 5billion yuan at that time. The project will introduce the 4th generation PTA production technology with the highest technical content from Mitsubishi Chemical Co., Ltd

Ningbo Mitsubishi PTA project is jointly invested by China CITIC Group and Ningbo PTA investment Co., Ltd. the two sides have jointly established Ningbo Mitsubishi Chemical Co., Ltd., the former accounting for 10% of the shares and the latter accounting for 90% of the shares. Among them, Ningbo PTA investment Co., Ltd. is a joint venture of three world top 500 enterprises, including Mitsubishi Chemical Co., Ltd., Itochu Co., Ltd. and Mitsubishi Corporation, accounting for 61%, 35% and 4% of the shares respectively. Mitsubishi Chemical Co., Ltd., with the largest share ratio, is currently the second largest PTA manufacturer in the world and the largest in Asia, with an annual production capacity of 3million tons

"Ningbo Mitsubishi PTA project is the largest project invested by Mitsubishi Chemical Co., Ltd. in China." According to hiroji masano, chairman of Mitsubishi Chemical Co., Ltd., a project including an automated reel replacement system to achieve uninterrupted production will be put into production in September next year. According to the plan, phase II and III projects will be constructed in the future, with a total investment of nearly US $1billion and an annual production capacity of 2.6 million tons

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