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China to welcome over 2 million tons of new PET capacity in 2022China to welcome over 2 million tons of new PET capacity in 2022 |
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At least five PET producers in China have announced start up schedule in 2022, which could add 1.4 million tons of PET bottle grade to the market. However, market sources said that depending on the market situation, these plants might postpone the startup, especially with the pandemic remained at sight.
Details of these plants are as follows:
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Plant Name |
Product |
Capacity (tons/year) |
Start-up Date |
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Combined and reported by CommoPlast |
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Sinopec Yizheng Chemical Fiber Co Ltd |
PET bottle |
500,000 |
Q1 2022 |
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Chongqing Wankai New Materials Co Ltd |
PET bottle |
600,000 |
H1 2022 |
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Yipu New Materials Co Ltd |
PET bottle |
300,000 |
Sept 2022 |
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Hengli Chemical Fiber Co Ltd |
PET chips |
600,000 |
2022 |
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Shaoxing Yuanlong Chemical Fiber |
PET film |
250,000 |
2022 |
