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At present, China has an annual output of more than 4 million tons of PTA, and the demand is more than 9 million tons, and 60% of the market share is supplemented by imported products. The first phase of the 500,000-ton/year PTA project in Zhuhai built by BP invested US$400 million, and the supply of products is in short supply. For this reason, in addition to the second-phase 700,000-ton/year PTA project that is being implemented, the company is also preparing to construct the third and fourth-phase projects, and the total annual production capacity will reach 2.5 million tons.
At present, Zhuhai is relying on this to develop fine chemicals. PET chip production capacity has reached 300,000 tons/year, and a batch of projects such as synthetic resins, electrical insulation materials, phthalic anhydride, and spandex are under construction.
Zhuhai becomes the largest PTA production base in the country
From the Pan-PRD Regional Economic and Trade Fair held recently, it was learned that the 700,000-ton/year PTA project of Zhuhai Biyang Chemical Co., Ltd., a joint venture between BP and a Chinese company, has basically completed and entered the production preparation stage. In this way, together with the original 500,000 tons/year PTA production facility, the annual production capacity reached 1.2 million tons, and Zhuhai has become the largest PTA production base in the country.