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Wanhua Chemical announced plans to invest 17.6 billion yuan (approx. $2.5 billion) in a second-phase ethylene project at its Yantai industrial park, building a 1.2 million tonnes per year ethylene cracker and downstream high-end polyolefins units. Production is expected to start in October 2024.
“The project will help Wanhua strengthen the polyolefin industry chain and fill the domestic gap in high-end polyolefin products.”beta.zhitongcaijing.com
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