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Turkish producer Koksan has started building a $710mn PET project at Yangkou Port in Nantong, Jiangsu province in March 2025. The project includes a 1mn t/yr PET resin unit, with 800,000 t/yr PET and 200,000 t/yr rPET, with two 200,000 t/yr lines in the first phase.
“The Nantong Municipal Government estimates that the Koksan project is expected to achieve annual sales of $2.1bn and generate $52mn in annual tax revenue upon completion.”argusmedia.com
Summarized from public sources; check the original articles before acting on it.