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CSSC Shipping is poised to book up to 10 VLCC newbuildings worth $850 million for charter to Rongsheng Petrochemical. Dalian Shipbuilding and Shanghai Waigaoqiao Shipbuilding will each receive up to five VLCC newbuildings.
Rongsheng Petrochemical's subsidiary Yisheng Dahua Petrochemical plans to invest 2.517 billion yuan in a multi-functional polyester chip project with an annual output of 1 million tons in Jinpu New Area, Dalian, Liaoning.
Zhejiang Yisheng New Materials plans to construct a CNY6.73 billion (USD900 million) plant in Ningbo, China, with an annual capacity of 6 million tons of pure terephthalic acid.
| Site | Largest | Latest |
|---|---|---|
| Jinpu New Area, China | $353.0M | 2019-09-30 |