Derong Chemical to build $475M hydrocarbon plant in Zhoushan, China

Derong Chemical, a subsidiary of Guangdong Demei Fine Chemicals Group, will invest CNY3.3 billion (USD475 million) to construct a hydrocarbon factory in Zhoushan, Zhejiang. The plant will produce over 400,000 tons of C5 and C9 aromatic hydrocarbons annually, with completion scheduled for H2 2020 and full production by early 2021.

“The plant is scheduled for completion in the second half of 2020, while its production will be uplifted in six months after that to reach the full capacity.”www2.yicaiglobal.com

• 1 source
• www2.yicaiglobal.comChina's Derong to Make 400,000 Tons of Hydrocarbons Each Year in ZhejiangTang ShihuaNov 29, 2018

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