300,000 tons per year
PET is a major type of polyester and is mainly used for making terylene and various kinds of beverage bottles. The consumption of PET is increasing at a very fast speed and the demand is expected to reach 26 million tons to 28 million tons by the year of 2015.
The project is located in Jining Chemical Industrial Development Zone in Jinxiang county. The PTA esterification continuous polymerization technique is adopted in this project. This method is safe and cost-saving, and the byproducts can be recycled. The reaction time is short with low waste, suitable for mass production. There are three kinds of process, ie, three-still, four still and five still.
The Zone has all necessary supportive infrastructure for this project.
Investment and Profit Analysis
The total project investment is 1 billion yuan. The sales revenue is expected to reach 3.3 billion yuan and the yearly profit, 190 million yuan. The ROI is 19% and the payoff period is 7 years (including 2 years of construction).
Preparation work is in progress.
Joint venture, sole proprietorship or joint-stock system