Home / Knowledge / News / Textiles / Hengyi Industries to set up aromatics plant in Brunei
Hengyi Industries to set up aromatics plant in Brunei
28
Jan '14
L-R: Metussin, Apong & Shui/BT/Debbie Too
L-R: Metussin, Apong & Shui/BT/Debbie Too
Hengyi Industries Sdn Bhd, a subsidiary of China-based Zhejiyang Hengyi Group, has signed a land lease agreement with the Brunei Economic Development Board (BEDB) for construction of an integrated oil refinery and aromatics plant on Pulau Muara Besar, the largest island in Brunei, reports The Brunei Times.
 
The rescheduled construction of the US$ 20 billion plant is likely to be completed by 2016 and the plant is expected to become operational in early 2017.
 
The agreement was signed by Haji Abdul Manaf Haji Metussin, chief executive officer of the BEDB, and Fang Xian Shui, general manager of Hengyi Petrochemical, in presence of Dato Paduka Haji Ali Apong, chairman of BEDB.
 
In $4 billion phase I of the project, about 150 of the 260 hectares of land would be utilized, and upon completion it would produce petrochemical products like paraxylene and benzene.
 
Dato Ali Apong estimated that about 780 employment opportunities would be created during Phase I of the project.
 
Hengyi’s project will be the second petrochemical project in Brunei, and one of the largest foreign direct investments in Brunei to date.
 

Fibre2fashion News Desk - India


Interviews View All

Stefan Warnaar, Peak to Plateau

Stefan Warnaar
Peak to Plateau

People are willing to pay for quality and performance

Top executives, Textile industry

Top executives
Textile industry

Customised t-shirts is not a fad

Top executives, Textile industry

Top executives
Textile industry

The foremost issue is bridging the skill gap

Harsh Shah,

Harsh Shah

Fynd is the central online shopping destination for fashion, offering...

Luca Formentini,

Luca Formentini

From the very beginning, Loris Bellini's aim was to produce dyeing...

Kamal Kulshreshth,

Kamal Kulshreshth

Colorjet is among the fastest-growing wide format digital inkjet print...

Dr. Rene Wollert, Freudenberg Nonwovens

Dr. Rene Wollert
Freudenberg Nonwovens

Dr. Rene Wollert discusses the current scenario of the global nonwovens...

Mr Hartmann Huth, Trevira GmbH

Mr Hartmann Huth
Trevira GmbH

Trevira GmbH is an innovative European manufacturer of high-value branded...

Dave Rousse, INDA

Dave Rousse
INDA

INDA, the Association of the Nonwoven Fabrics Industry, serves hundreds of ...

Karan Arora, Karan Arora

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Cigdem Akin, Cigdem Akin

Cigdem Akin
Cigdem Akin

She has carved a niche for herself as the national brand of Turkey. Her...

Joe Ikareth, Joe Ikareth

Joe Ikareth
Joe Ikareth

<b>Joe Ikareth</b> has a rock-solid fashion and textiles background, which ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


November 2019

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Follow us on instagram

Follow

Follow Fibre2Fashion On


Advanced Search