# Dongfang Shenghong subsidiary to invest 6.034 billion yuan in POSM and polyol project

Hongwei Chemical, a subsidiary of Dongfang Shenghong, will invest 6.034 billion yuan to build a POSM and polyol project with a 3-year construction period, including 50.8 kt/year ethylbenzene, 20/45 kt/year PO/SM, and polyether polyol units.

- Type: Investment
- Announced: 2021-05-20
- Where: China
- Value: $935.0M (6.03B CNY)
- Starts operating: 2024
- Status: announced
- Capacity: 50.8 kt/year ethylbenzene, 20/45 kt/year PO/SM, 11.25 kt/year PPG, 2.5 kt/year POP
- Products: propylene oxide, styrene, polyether polyol, polymer polyol
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md), [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [Dongfang Shenghong](https://endata.com/companies/55289.md)
- [Hongwei Chemical](https://endata.com/companies/55291.md) (partner)

## Sources

- [beta.zhitongcaijing.com](http://beta.zhitongcaijing.com/content/detail/478508.html), 2021-05-20: "公司发布公告，其子公司虹威化工将投资建设POSM及多元醇项目，项目预计总投资为人民币60.34亿元，建设期为3年。"

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