SHANGHAI—Liaoning Dingjide Petrochemical Co. Ltd. plans to invest $1.5 billion in the construction of a polyolefin elastomers (POE) plant in Yingkou City, China.
The "POE high-end new material" project is to be carried out over five years, the company said in a Dec. 27, 2022, news release.
It will have an initial investment in the first phase of about $391 million, Liaoning Dingjide said in a statement to the Shanghai Stock Exchange (SSE).
The total construction scale was listed as including: a 400,000-ton POE combined unit; a 300,000-ton α-olefin unit; and a 250,000-ton 'carbonate' plant.