On May 17th, China Soft Packaging Group invested 15 billion yuan in Zhongjing’s 800,000-ton polypropylene project and started construction at Fuqing Petrochemical Technology Park. It is reported that Zhongjing’s 800,000-ton polypropylene project will invest 7 billion yuan in the current period, and will produce 800,000 tons of polypropylene annually. It is expected to be completed and put into operation in June 2013, with an output value of 12 billion yuan, and to drive the downstream industrial chain of 10 billion yuan. The project is also supporting the construction of a 50,000-ton liquid chemical terminal and annual storage and transportation of propane propylene 1 million tons tank area. China Flexible Packaging Group is the world's leading manufacturer of biaxially oriented polypropylene film (BOPP). The products are widely used in domestic and international medical packaging, food packaging, daily-use chemical, and vacuum aluminum plating for trademark printing. In order to accelerate the upgrading of upstream industries, form an efficient cluster of flexible packaging industry chain as soon as possible, and increase the overall competitiveness of the product market, the group will build a petrochemical science and technology park in the Jiangyin Industrial Zone in Fuqing. Fuqing Petrochemical Technology Park covers an area of ​​2,000 mu, with a total investment of 15 billion yuan. It produces 1.6 million tons of polypropylene resin and 2 million tons of propane dehydrogenated to propylene, with a total output value of 45 billion yuan.
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