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Chinese investments: Wankai to build PET plant in Indonesia; Befar Group breaks ground on US$500 mn chlor-alkali project in Egypt

Wankai to build PET plant in Indonesia

Chinese PET maker Wankai New Materials has announced that it plans to invest in the construction of a new food-grade PET material project in Indonesia through its wholly-owned subsidiary Chongqing Wankai.

It will have an output of 750,000 tonnes/year, with a total investment of US$300 million.

Wankai New Materials would partner with petrochemical maker Ineos Aromatics Indonesia on the project, and locate the facility in Cilegon's Krakatau Industrial Estate. No other details were provided.

Founded in 2008, Wankai hastwo major production bases located in Haining City, Zhejiang Province, and Fuling District, Chongqing. Collectively, these facilities yield a production capacity of 3 million tonnes/year, it said on its website.

Befar Group breaks ground on US$500 mn chlor-alkali project in Egypt

In other news, Chinese chemical giant Befar Group (Binhua) has broken ground on a US$500 million chlor-alkali project in Egypt’s Sokhna Industrial Zone

The project, located within TEDA-Egypt's industrial park, will have a total production capacity of 100,000 tonnes, SCZONE said in a press statement.

The statement said the project is being developed in two phases, each covering 200,000 sq m, with US$300 million allocated to the first phase and US$200 million to the second.

Construction for the first phase is expected to be completed within 18 months.

According to the statement, the facility is set to become Egypt’s first green chemical plant, relying on a mix of wind and solar energy, electricity, and natural gas to generate steam for operations.

Yinghui Cai, Vice President, Befar Group praised the support from SCZONE, TEDA-Egypt, and project partners, noting that the group currently exports to more than 100 countries and holds leading positions in the Chinese market for products such as allyl chloride, trichloroethylene, and caustic soda.

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