The total investment of the second phase of Hainan Yisheng Petrochemical project is about 8 billion yuan, and the construction content includes an annual output of 2.5 million tons of PTA equipment, an annual output of 1.8 million tons of PET equipment and wharf renovation and expansion projects. After the completion of the project, Hainan Yisheng Petrochemical will increase the output value of about 18 billion yuan.
After the second phase of the project is officially reached, the total production capacity can reach 4.6 million tons of PTA and 3.8 million tons of PET, the total industrial output value exceeds 30 billion yuan, and the tax will exceed 1 billion yuan. And it will provide sufficient raw materials for the downstream petrochemical new material industry and contribute to the construction of Hainan Free Trade Port.