# Akel to invest ¥1.05B in polyether amine and optical materials plant

Akel announced plans to invest 1.05 billion yuan to build a plant in Qianjiang, Hubei, China, with annual capacities of 20,000 tons of polyether amine and 30,000 tons of optical materials (cycloolefin monomers and polymers).

- Type: New facility
- Announced: 2022-10-17
- Where: Qianjiang, Hubei, China
- Value: $145.0M (1.05B CNY)
- Status: announced
- Capacity: 20,000 tons polyether amine, 30,000 tons optical materials per year
- Products: polyether amine, cycloolefin monomers and polymers
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md), [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [Akel](https://endata.com/companies/65837.md)

## Sources

- [finance.ifeng.com](https://finance.ifeng.com/c/8KBfB80R8Y1), 2022-10-17: "阿科力(603722)10月17日晚间公告，公司拟在潜江市江汉盐化工业园投资建设“年产20000吨聚醚胺、年产30000吨光学材料（环烯烃单体及聚合物）项目”，总投资金额预计10.5亿元。"

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