# Hainan Yisheng signs PTA phase two project in Yangpu for 4.5 billion yuan

Hainan Yisheng Petrochemical Co., Ltd. signed a contract for the second phase of its PTA project in Yangpu, Hainan, with a total investment of 4.5 billion yuan. The project was signed as part of the Hainan free trade pilot area construction projects.

- Type: Investment
- Announced: 2019-11-25
- Where: Yangpu, Hainan, China
- Value: $640.0M (4.50B CNY)
- Status: announced
- Products: PTA (purified terephthalic acid)
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Hainan Yisheng Petrochemical Co., Ltd.](https://endata.com/companies/43492.md)
- [Hengyi Group](https://endata.com/companies/43493.md) (investor)

## Sources

- [sjfzxm.com](https://www.sjfzxm.com/global/en/556290.html), 2019-11-25: "The signing of the project is a key step forward in promoting the construction of Hainan free trade area (port) and implementing the 'two guarantees' in the province."

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