# Zhejiang Yisheng New Materials to build $900M PTA plant in Ningbo

Zhejiang Yisheng New Materials plans to construct a CNY6.73 billion (USD900 million) plant in Ningbo, China, with an annual capacity of 6 million tons of pure terephthalic acid.

- Type: New facility
- Announced: 2019-09-19
- Where: Ningbo, China, China
- Value: $900.0M (6.73B CNY)
- Status: announced
- Capacity: 6 million tons per year of PTA
- Products: pure terephthalic acid (PTA)
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Zhejiang Yisheng New Materials](https://endata.com/companies/42217.md)
- [Zhejiang Hengyi Petrochemicals](https://endata.com/companies/42218.md) (investor)
- [Rongsheng Petrochemical](https://endata.com/companies/42219.md) (investor)

## Sources

- [yicaiglobal.com](https://www.yicaiglobal.com/news/zhejiang-yisheng-new-materials-to-build-usd900-million-pta-plant-in-china-ningbo), 2019-09-20: "Zhejiang Yisheng New Materials intends to construct a CNY6.73 billion (USD900 million) plant capable of turning out 6 million tons of pure terephthalic acid a year as the company seeks to expand its market share and cut production costs."

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