Fuling power shares in the 600000 ton PTA project of Pengwei petrochemical
Chongqing Fuling Power Industry Co., Ltd. recently announced that the initial capital raised by Fuling power of 38million yuan could have reduced greenhouse gas emissions. It plans to establish Chongqing Guanghua Technology Co., Ltd. to invest in the software and hardware project of meter reading system. However, for various reasons, Guanghua technology plans to change the investment direction of the raised funds to participate in the construction of 600000 tons of purified terephthalic acid (PTA) project of Chongqing Pengwei Petrochemical Co., Ltd
it is reported that purified p-benzoic acid (PTA) is the main raw material for polyester production, which is widely used in chemical fiber, container, packaging, film and other production fields. For a long time, PTA, the raw material of polyester in China, mainly depends on imports, and the contradiction between supply and demand in the market is prominent, which has a good investment prospect
source of information: Sinochem
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