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Zhejiang Petrochemical has announced plans to build a paraxylene plant in Zhoushan, Zhejiang, capable of producing 4 million tons per year, as part of China's push to reduce paraxylene imports.
Zhejiang Petrochemical (ZPC) in Zhoushan signed a memorandum of understanding with Honeywell at the China International Import Expo in Shanghai to jointly build a smart connected plant, a project worth about $80 million in contract value.
