# 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.

- Type: New facility
- Announced: 2018-11-27
- Where: Zhoushan, Zhejiang, China
- Value: $475.0M (3.30B CNY)
- Starts operating: Q3 2020
- Status: announced
- Capacity: 400,000 tons per year of C5 and C9 aromatic hydrocarbons
- Products: C5 and C9 aromatic hydrocarbons, pentadiene resin, hydrogenated dicyclopentadiene resin, C9 aromatic resin
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Derong Chemical](https://endata.com/companies/35773.md)
- [Guangdong Demei Fine Chemicals Group](https://endata.com/companies/35774.md) (partner)

## Sources

- [www2.yicaiglobal.com](https://www2.yicaiglobal.com/news/china-derong-to-make-400000-tons-of-hydrocarbons-each-year-in-zhejiang), 2018-11-29: "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."

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