# Hengli Petrochemical to invest $31.4B in high-performance resin and polyester projects

Hengli Petrochemical announced plans to invest 199.88 billion yuan ($31.4 billion) in a 1.6 million tons/year high-performance resin and new materials project, and 40 billion yuan in a 2.6 million tons/year high-performance polyester project.

- Type: Investment
- Announced: 2022-01-26
- Where: China
- Value: $31.4B (199.9B CNY)
- Status: announced
- Capacity: 1.6 million tons/year high-performance resin; 2.6 million tons/year high-performance polyester
- Products: high-performance resin, high-performance polyester
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md), [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [Hengli Petrochemical](https://endata.com/companies/951.md)
- [Hengli Petrochemical (Dalian) New Material Technology](https://endata.com/companies/60605.md)

## Sources

- [m.cls.cn](https://m.cls.cn/detail/924078), 2022-01-26: "恒力石化公告，拟199.88亿元投资建设160万吨/年高性能树脂及新材料项目。"
- [finance.ifeng.com](https://finance.ifeng.com/c/8D7Y7adxAb7), 2022-01-26: "恒力石化(600346)1月26日晚间公告，公司下属公司恒力石化（大连）新材料科技有限公司拟投资199.88亿元建设160万吨/年高性能树脂及新材料项目；拟投资40.01亿元建设年产260万吨高性能聚酯工程。"

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