Pan-Asia PET

Pan-Asia PET Resin (Guangzhou) Co., Ltd.

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  About the Investment Entity

Pan-Asia PET Resin (Guangzhou) Co., Ltd. — Wholly-Owned Subsidiary of Full Apex


-Established in 2004 and became operational in 2007

-Specializes in the production of bottle-grade PET chips with an annual capacity of 300,000 tons and an output value of over RMB 3 billion

-One of China’s largest PET producers, accounting for a large share of the South-China PET market 

-Stable long-term partnership with major beverage producers from home and abroad 


  Project Overview

Government Support – China-Saudi Arabia Capacity Cooperation Framework Agreement 


         


 The Belt and Road Initiative of China

  -Encourages Chinese companies to bring their capacity overseas

  -Facilitates the “Going Abroad” process of supporting equipment 

  -Promotes the economic transformation and upgrading of China


∎ Saudi Arabia Vision 2030

    -To reduce overdependence on oil 

    -To become one of the world’s 15 largest economies

    -To lift the foreign direct investment to GDP ratio to 5.7% (the international level)

    -To increase the private sector’s contribution to GDP to 65%



  LOCATION: JAZAN CITY FOR PRIMARY AND DOWNSTREAM INDUSTRIES (JCPDI)

 The Project is an important part of the JCPDI’s development plan 

 Projects in the JCPDI enjoy policy incentives 

One of the six industrial cities of Saudi Arabia

The Project will be landed in the JCPDI to align with Vision 2030 

∎  Project land: rent is charged at a merely symbolic rate 

Energy supply: price advantages in utilities and other resources 

-  Financing support: long-term low-interest loans from the Saudi Industrial Development Fund (SIDF)

-  Import tariff: machinery, equipment and raw material imports for investment projects are exempt from tariffs

Local products are protected by government policies

Tariffs are imposed on imported products

 Human resources: subsidies for staff salaries and training costs


 vALUE CHAIN–EXPANsIon 

 

PET  Industrial Chain 

 

 

 

 

 

 

 

  Project Overview

PHASE I: BUILD PTA AND PET PLANTS & SUPPORTING FACILITIES

Oct. 2018-Aug. 2020

-PET Plant (500 ktpa)

-PTA Plant (1.25 mtpa)

-Water Treatment Unit

-High Pressure Steam Boiler, Pipe Network and Tank Unit

-Benzoic Acid Recovery Unit

-Product Storage & Transportation Unit

-Catalyst Preparation Unit and Cooling Water Unit

              


PHASE I: BUILD A HEAVY-DUTY VESSEL COMPANY TO SUPPORT THE FACTORIES IN THE JCPDI

Oct. 2018-Mar. 2020 

-Heavy-Duty Vessel Manufacturer & Service Provider

-Heavy-Duty Vessel Company

-Main products (Vessels):  

 (1) Carbon Steel (CS)

 (2) Stainless Steel (SS) 

 (3) Special Vessels  

Maintenance services for process pumps, agitators, dryers and other rotating equipment.

              

PHASE II:INCREASE PRODUCTION SCALE BASED ON UTILITIES BUILT IN PHASE I TO IMPROVE THE OVERALL EFFICIENCY 

Jun. 2019-Jun. 2021:

-New PET Plant (500 ktpa)

-New PTA Plant (1.25 mtpa)



PHASE III:EXPAND TO THE CHEMICAL FIBER INDUSTRY BASED ON UPSTREAM RAW MATERIAL ADVANTAGES

Jul. 2021-Jun. 2024:

-PBT Plant (200 ktpa)

-Flat Thin Film Plant (200 ktpa)

-Polyester Chemical Fiber Plant (200 ktpa)


Contact Us

Tel:

(+86) 020-82071188

Address: 

16 Dongqin Road, East District, Economic and Technological Development Zone, Guangzhou, China 510530



 Official Accounts

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