# Hengli Petrochemical plans 11.125 billion yuan polyester film and plastics project

Hengli Petrochemical announced that its subsidiary Jiangsu Kanghui New Material Technology Co., Ltd. plans to invest 11.125 billion yuan to build a project with an annual output of 800,000 tons of functional polyester film and functional plastics.

- Type: Investment
- Announced: 2021-06-24
- Where: China
- Value: $1.40B (11.1B CNY)
- Starts operating: 2023
- Status: announced
- Capacity: 800,000 tons per year of functional polyester film and functional plastics
- Products: functional polyester film, functional plastics
- Sectors: [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md), [Packaging](https://endata.com/sectors/packaging.md)

## Companies

- [Hengli Petrochemical](https://endata.com/companies/951.md)
- [Jiangsu Kanghui New Material Technology Co., Ltd.](https://endata.com/companies/56017.md) (partner)
- [Jiangsu Xuanda Polymer Materials](https://endata.com/companies/56020.md) (partner)

## Sources

- [equalocean.com](https://equalocean.com/briefing/20210624230055918), 2021-06-24: "Hengli Petrochemical announced that in order to comply with the growth of new material market demand... Jiangsu Kanghui New Material Technology Co., Ltd., a subsidiary of the company, plans to invest 11.125 billion yuan to build an annual production of 800000 tons of functional polyester film, plast"
- [beta.zhitongcaijing.com](http://beta.zhitongcaijing.com/content/detail/500601.html), 2021-06-24: "公司下属公司江苏轩达高分子材料有限公司拟投资90亿元建设150万吨/年绿色多功能纺织新材料项目，项目建设期为2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.