Sinopec's Sinopec Yizheng Chemical Fiber unit, the world's no 4 polyester producer, said it will double production of purified terephthalic acid (PTA), a crude-oil derivative used in polyester making. Officials said the company would allocate RMB3.81bn to build the new 1m-tonne capacity plant, aiming to see it in operation in 2007.
Categories