# Sanyuan Petrochemical starts construction of $3.2B Yuanjin新材料 project in Shangyu

Sanyuan Petrochemical's subsidiary Yuanjin New Materials started construction of a 20.8 billion yuan ($3.2 billion) integrated project in Hangzhou Bay Shangyu Economic Development Zone, Zhejiang, China. The project includes two 750,000-tonne/year PDH units and three polypropylene units totaling 1.25 million tonnes/year.

- Type: New facility
- Announced: 2020-12-23
- Where: Hangzhou Bay Shangyu Economic Development Zone, Zhejiang, China
- Value: $3.20B (20.8B CNY)
- Starts operating: Jul 2023
- Status: under construction
- Capacity: 1.25 million tonnes/year polypropylene, 1.5 million tonnes/year propylene
- Products: polypropylene, propylene, hydrogen peroxide, propylene oxide
- Sectors: [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md), [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Sanyuan Petrochemical](https://endata.com/companies/52127.md)
- [Yuanjin New Materials](https://endata.com/companies/52128.md)

## Sources

- [soliao.com](https://www.soliao.com/news/zixun/37837.html), 2020-12-24: "圆锦新材料项目从前期谋划到今天落地建设，仅用了11个月时间"

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