Recently, the National Development and Reform Commission officially approved the 600,000 tons / year Paraxylene (PX) project of Hainan Refining & Chemical Co., Ltd at an investment of 2.95 billion Yuan.
It is reported that the PX project will be built in the existing refining factory area of Hainan Yangpu Economic Development Zone, so there will be no need to acquire land to build the petrochemical plant.
PX is an important chemical raw material, mainly used in the preparation of Purified Terephthalic Acid (PTA) and Dimethyl Terephthalate (DMT) and it is also used as solvents, in production of medicine and raw material for ink.
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