# Wankai New Materials to build USD45M PET chip plant in Nigeria

Wankai New Materials plans to build a USD45.1 million joint venture plant in Sagamu, Ogun State, Nigeria, with an annual capacity of 300,000 tons of food-grade bottle-use PET chips. Construction will take two years.

- Type: New facility
- Announced: 2023-12-06
- Where: Sagamu, Ogun State, Nigeria, Nigeria
- Value: $45.1M
- Status: announced
- Capacity: 300,000 tons per year of food-grade bottle-use PET chips
- Products: bottle-use PET chips
- Sectors: [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [Wankai New Materials](https://endata.com/companies/74260.md)
- [XJP Trading](https://endata.com/companies/74261.md) (partner)

## Sources

- [yicaiglobal.com](https://www.yicaiglobal.com/news/chinas-wankai-to-invest-usd45-million-to-build-bottle-use-pet-chip-plant-in-nigeria), 2023-12-07: "Wankai New Materials, a Chinese supplier of bottle-use polyester chips, plans to build a USD45.1 million joint venture plant in Nigeria to meet the needs of the local market."

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