Zhuhai Lingang Industrial Zone, a burgeoning petrochemical base in South China, has introduced US$1.8 billion of capital from Singapore and Hong Kong to develop some petrochemical products projects, including a phthalic anhydride project.

Earlier, a number of world famous petrochemical enterprises have opened factories in the zone, including Amoco of the United States and the Chemical Park from Taiwan. Also there are some 50-plus chemical enterprises  investing nearly US$5 billion.
The recent US$1.8 billion investment came from the Ke Di Group of Singapore, large phthalic anhydride and plasticizer producer in Asia, while Ke Di Group Yun Tat is a petrochemical enterprise with octanol and ethylene as its main products.
Finally, the two groups chose the Zhuhai Lingang Industrial Park as a site for developing petrochemical industry.
Of the US$1.8 billion investment, Ke Di Group will invest 120 million yuan in constructing an 80,000 tonne phthalic anhydride project and a 120,000-tonne plasticizer project; while Yun Tat will invest US$300 million in a 230,000-tonne octanol project, US$350 million in an 850,000-tonne ethylene project and US$1 billion in a 1.6-million-tonne aromatic hydrocarbon project.
Construction of these projects is scheduled to start in 2005-2008.