# Sinopec Yizheng signs 16.5B yuan green new materials project in Yangzhou

Sinopec Yizheng Chemical Fiber signed a 16.5 billion yuan investment for a 4 million tons/year high-end green new materials integration project in Yangzhou, China, with a first phase of 3 billion yuan including polyester staple fiber, bottle chips and PBT lines.

- Type: Investment
- Announced: 2022-09-27
- Where: Yangzhou, Jiangsu, China, China
- Value: $2.30B (16.5B CNY)
- Status: announced
- Capacity: 4 million tons/year high-end green new materials
- Products: polyester staple fiber, polyester bottle chips, PBT
- Sectors: [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md), [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Sinopec Yizheng Chemical Fiber](https://endata.com/companies/46213.md)

## Sources

- [cnc.ccfgroup.com](https://cnc.ccfgroup.com/newscenter/newsview.php?Class_ID=600000&Info_ID=2022093030086), 2022-09-30: "These projects all adopt Sinopec independent R&D technology, which is the technology accumulation of Sinopec Yizheng in the field of polyester for more than 40 years."

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