Huafon to build 30kt/year bio-based PTT polymerization project

On November 18, 2022, Zhejiang Huafon Synthetic Resin Co., Ltd.'s 30kt/year of bio-based PTT polymerization project was recorded in Ruian Economic Development Zone Management Committee.

Information of the project

Name of the project: Zhejiang Huafon Synthetic Resin Co., Ltd.’s 30kt/year bio-based PTT polymerization project

Nature of the project: expanding construction

Location: No. 1 Tongpan Road, Shangwang Wtreet, Rui’an, Wenzhou, Zhejiang Province

Planned startup time: November 2022; planned complete time: Dec 2023

Investment: 140 Million Yuan

Scale and content:

It mainly includes bio-based PTT polymerization plant and related supporting facilities. After the completion of the project, it can produce 30kt/year of poly (trimethylene terephthalate) chips (PTT), with an estimated annual output value of 600 million Yuan and an annual tax amount of about 40 million Yuan.