# Satellite Chemical to build 200,000-ton refined acrylic acid project in Pinghu

Satellite Chemical's subsidiary Pinghu Petrochemical signed an agreement to invest approximately CNY 1.1 billion to build a 200,000-ton-per-year refined acrylic acid project in Pinghu, Zhejiang Province.

- Type: Expansion
- Announced: 2022-05-28
- Where: Pinghu, Zhejiang Province, China
- Value: $164.0M (1.10B CNY)
- Status: announced
- Capacity: 200,000 tons per year
- Products: refined acrylic acid
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Satellite Chemical Co., Ltd.](https://endata.com/companies/63127.md)
- [Pinghu Petrochemical Co., Ltd.](https://endata.com/companies/63128.md)

## Sources

- [beta.zhitongcaijing.com](http://beta.zhitongcaijing.com/content/detail/730554.html), 2022-05-29: "项目总投资约11亿元人民币，主要建设年产20万吨精丙烯酸项目。"

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