The total investment is 5 billion! The 180 000-ton PBAT/PBS project was officially launched

On February 14, 2023, following the on-site promotion meeting of major projects for high-quality development in Shandong Province, Jining City held the on-site promotion meeting of major projects for the first time, with a total investment of 140.7 billion yuan for 212 projects Concentrated work started, and industrial development ran out of acceleration.

In Zoucheng City, the hometown of Mencius, the Hengxin Biodegradable New Material Integrated Industry Project with a total investment of 5 billion yuan has started construction. The project adopts the world’s top degradable technology. After completion, it can achieve an annual output value of 9 billion yuan and a profit and tax of 1.8 billion yuan. Create a national green and low-carbon demonstration base for new materials.

Shandong Hengxin China Carbon High Materials Technology Co., Ltd. Biodegradable new material integration industry project. With a total investment of 5.02 billion yuan, it covers an area of ​​860 acres and a construction area of ​​257,000 square meters. It will build formaldehyde plants, acetylene generators, PBS and other production plants and public auxiliary facilities.

After the completion of the project, the annual output will be 240,000 tons of BDO, 120,000 tons of PBAT, PBS
60,000 tons, 50,000 tons of succinic acid, annual output value of 9 billion yuan, profit and tax of 1.8 billion yuan. The construction of the project conforms to the national industrial policy and the needs of regional development, is conducive to the implementation of the sustainable development strategy, and becomes a new growth point for Jining to replace old growth drivers with new ones.

Shandong Hengxin China Carbon High Materials Technology Co., Ltd.

Shandong Hengxin Zhongtan High Materials Technology Co., Ltd. is a subsidiary of Shandong Hengxin Group Co., Ltd., and its business scope includes: technical services, technology development, technical consultation, technology exchange, technology transfer, technology promotion; bio-based material manufacturing; bio-based material sales; Research and development of new material technology; manufacturing of special equipment for oil refining and chemical production; sales of plastic products; manufacturing of engineering plastics and synthetic resins; manufacturing of plastic products, etc.

Shandong Hengxin Group Co., Ltd. is located in Jining City, Shandong Province, the hometown of Confucius and Mencius and the capital of canals. It is a cross-industry, A large modern enterprise group with cross-regional and diversified development.

During the “14th Five-Year Plan” period, the group will continue to lengthen the industrial chain, create high-end products such as hydrogen, natural gas, ethanol, BDO, and degradable plastics (PBAT, PBS), and form a series of industries of 500,000 tons/year of ethanol and biodegradable plastics and other items.