Derong Chemical

Derong Chemical, a subsidiary of Guangdong Demei Fine Chemicals Group, will invest CNY3.3 billion (USD475 million) to construct a hydrocarbon factory in Zhoushan, Zhejiang. The plant will produce over 400,000 tons of C5 and C9 aromatic hydrocarbons annually, with completion scheduled for H2 2020 and full production by early 2021.