# Pan-Asia PET Resin plans $3.8B petrochemical plant in Jazan, Saudi Arabia

Pan-Asia PET Resin (Guangzhou) Co. plans to break ground at a new petrochemicals plant in Jazan Economic City, Saudi Arabia, in March 2018. The first phase of the $3.8 billion project is expected to launch by August 2020.

- Type: New facility
- Announced: 2017-06-28
- Where: Jazan Economic City, Saudi Arabia
- Value: $3.80B
- Starts operating: Aug 2020
- Status: announced
- Capacity: 2.5 million metric tons of purified terephthalic acid, 1 million tons of PET, 200,000 tons of engineering plastic, 200,000 tons of thin film, 200,000 tons of polyester fiber, and 5,000 tons of heavy equipment per year
- Products: polyethylene terephthalate (PET), purified terephthalic acid, engineering plastic, thin film, polyester fiber, heavy equipment
- Sectors: [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md), [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Pan-Asia PET Resin (Guangzhou) Co.](https://endata.com/companies/25211.md)
- [Royal Commission for Jubail and Yanbu](https://endata.com/companies/25212.md) (partner)

## Sources

- [argaam.com](https://www.argaam.com/en/article/articledetail/id/493005), 2017-06-28: "Pan-Asia PET Resin (Guangzhou) Co., one of China’s top polyethylene terephthalate (PET) bottle suppliers, plans to break ground at a new petrochemicals plant in Saudi Arabia’s Jazan Economic City in March 2018."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.