Hengyi Petrochemical to Invest RMB 5.557 Billion in Textile Recycling and PA6 Projects
Hengyi Petrochemical announced on August 10 that it plans to invest RMB 5.557 billion to build a project combining waste textile recycling and PA6 melt direct spinning in Haining. Haining Hengyi New Materials Co. , Ltd. will serve as the investment vehicle for the project, which will comprise an annual capacity of 300,000 tons of waste textile recycling and 400,000 tons of PA6 melt direct spinning.
Why this event matters
The event has a measured impact on 1 industry. The strongest current signal is positive for Resource Recycling, with intensity 40/100 and 70% confidence over a medium term horizon.
Impact figures are analytical estimates that combine direction, intensity, confidence and event importance. They are not investment advice.