On December 16, the State Owned Assets Supervision and Administration Commission of Sichuan Province held the foundation laying ceremony for the key projects of provincial state-owned enterprises in the fourth quarter of 2020 and the annual output of 330,000 tons of PET Differential Fiber Project of Sichuan Energy Investment.

Nine projects with a total planned investment of 8 billion yuan have been planned. They involve new materials, infrastructure, energy conservation and environmental protection and other fields. Among them, the PET Differential Fiber Project of Sichuan Energy Investment covers an area of 151,333 square meters with a total investment of 1.345 billion yuan. It will build a set of PET unit with an annual output of 330,000 tons, including eight differential fiber production lines with a total annual output of 280,000 tons, a functional PET chip production line with an annual output of 42,500 tons, and a production line with an annual output of 7,500 tons of thermoplastics geotextile.

“After the completion of the project, 280,000 tons/year PTA products can be consumed locally, and the sales revenue is expected to reach 2.8 billion yuan. This can effectively promote local consumption of PTA project products and the extension of downstream industrial chain, which will not only help core business of energy chemical industry of Sichuan Energy Investment become better and stronger, but also provide support for Nanchong to build a provincial economic sub center and expand and upgrade the chemical industry in the entire province,” said Sun Yun, Secretary of the Party committee and chairman of the board of directors of Sichuan Energy Investment.(By Edina Liang)