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On July 9, Changhong Hi-Tech (SH605008) stated in the investor survey report from June 3, 2021 to June 16, 2021 that the first phase of the company's PBAT project is progressing in an orderly manner as planned, and it is expected that by the end of July this year Completed, the second phase of the 250,000-ton project has begun the procurement of related equipment, and is expected to be completed and put into operation by the end of this year or early next year
It is understood that the company is currently investing in the construction of the first phase of the 600,000-ton fully biodegradable plastic project.