# Kingfa Sci. & Tech to invest USD1.5 billion in petrochemical plant in Ningbo

Kingfa Sci. & Tech plans to invest CNY10.5 billion (USD1.5 billion) to build a petrochemical plant in Ningbo, Zhejiang province, China. The plant will produce 1.2 million tons of propylene, 1.2 million tons of polypropylene, and 400,000 tons of modified polypropylene annually.

- Type: New facility
- Announced: 2019-07-02
- Where: Ningbo, Zhejiang province, China
- Value: $1.50B (10.5B CNY)
- Starts operating: 2023
- Status: announced
- Capacity: 1.2 million tons of propylene, 1.2 million tons of polypropylene, 400,000 tons of modified polypropylene per year
- Products: propylene, polypropylene, modified polypropylene
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md), [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [Kingfa Sci. & Tech](https://endata.com/companies/40429.md)
- [Ningbo Kingfa New Material](https://endata.com/companies/40430.md)

## Sources

- [yicaiglobal.com](https://www.yicaiglobal.com/news/kingfa-sci-tech-to-invest-usd15-billion-on-petrochemical-plant-), 2019-07-03: "Kingfa Sci. & Tech plans to invest CNY10.5 billion (USD1.5 billion) on a petrochemical plant capable of making modified polypropylene products."

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