# Tongkun Group to invest 16 billion yuan in petrochemical polyester integration project in Rudong

Tongkun Group announced on February 13, 2019 that it signed an investment cooperation agreement to invest about 16 billion yuan to build a petrochemical polyester integration project in Jiangsu Rudong Port Economic Development Zone. The project will cover about 2,610 mu of land and produce 2*250 million tons PTA, 900,000 tons FDY, and 1,500,000 tons POY annually.

- Type: New facility
- Announced: 2019-02-13
- Where: Jiangsu Rudong Port Economic Development Zone, China
- Value: $2.37B (16.0B CNY)
- Status: announced
- Capacity: 2*250 million tons PTA, 900,000 tons FDY, 1,500,000 tons POY
- Products: PTA, FDY, POY
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md), [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [Tongkun Group](https://endata.com/companies/37348.md)

## Sources

- [sjfzxm.com](http://www.sjfzxm.com/global/en/533060.html), 2019-02-15: "Tong Kun shares will invest about 16 billion yuan (including tax), and about 2330 mu in the new main plant planning area of Jiangsu Rudong Port Economic Development Zone."
- [govt.chinadaily.com.cn](https://govt.chinadaily.com.cn/s/201902/20/WS5c6d0d1f498e27e338038c3a/16-billion-yuan-project-to-settle-down-in-rudong.html), 2019-02-20: "A polyester project with an investment of 16 billion yuan ($2.36 billion) will be settled down at Yangkou Port in Rudong county."

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