Zhejiang Pinghu Government released news on its official website that on March 20, Xin Feng Ming Group signed an agreement with Pinghu Dushan Port Economic Development Zone to invest RMB13 billion in the construction of Dushan Energy New Materials’ integrated project located in Zhehu New Materials Industrial Park.
Dushan Energy New Materials’ integrated production base is invested by Xin Feng Ming Group. The PTA project will have 4 000 kt/a capacity, applying the world's leading BP production technology and introducing international advanced equipment, with the material consumption, energy consumption and emission levels reaching the international first-class level. The polyester fiber project adopts the advanced international continuous production processes such as polyester melt direct spinning online addition, German Barmag high-speed winding equipment, and the provision of automatic intelligent packaging system supporting facilities to form a differentiated functionality fiber capacity of 2 100 kt/a. After the new integrated project completed and started up, it will realise an annual output value of RMB33 billion and an annual tax of RMB1.6 billion.