February 17, 2018 8:33 PM ET

Chemicals

Company Overview of Pan-Asia PET Resin (Guangzhou) Co., Lted.

Company Overview

Pan-Asia PET Resin (Guangzhou) Co., Lted. manufactures polyethylene terephthalate (PET) resins. The company was incorporated in 2004 and is based in Guangzhou, China. As of December 16, 2005, Pan-Asia PET Resin (Guangzhou) Co., Lted. operates as a subsidiary of Full Apex Holdings Ltd.

Guihua 10 Road

Eastern Part

Guangzhou Economic and Technological Development Z

Guangzhou,  510530

China

Founded in 2004

Phone:

86 20 8207 1188

Fax:

86 20 8207 1077

Key Executives for Pan-Asia PET Resin (Guangzhou) Co., Lted.

Pan-Asia PET Resin (Guangzhou) Co., Lted. does not have any Key Executives recorded.

Pan-Asia PET Resin (Guangzhou) Co., Lted. Key Developments

Pan-Asia PET Resin (Guangzhou, China) Plans to Invest $3.8 Billion to Build a Polyester Manufacturing Complex at Jazan, Saudi Arabi

Pan-Asia PET Resin (Guangzhou, China) plans to invest $3.8 billion to build a polyester manufacturing complex at Jazan, Saudi Arabia, where Saudi Aramco is building a refinery and a para-xylene (p-xylene) production facility. Pan-Asia PET Resin plans to build plants producing 2.5 million metric tons/year (MMt/y) of purified terephthalic acid, 1 MMt/y of PET resin, and 200,000 metric tons/year each of polyester engineering plastics, thin film, and polyester fiber. The company envisages the project's completion in mid-2020. The Royal Commission in March allocated land for the project. Lin Wencai, vice president of Full Apex Holdings, says that the project will benefit from proximity to raw materials, with a large p-xylene facility under construction at Jazan, and from proximity to markets in the Middle East and North Africa. Aramco has ambitions to become a major producer of petrochemicals. Its Jazan p-xylene facility will be designed for 800,000 metric tons/year.

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