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On March 25, Shanxi Tongde Chemical Co.
, Ltd.
announced that a wholly-owned subsidiary will invest in a fully biodegradable plastic project with an annual output of 120,000 tons.
The total investment of the project is expected to be 800 million yuan
.
Tongde Chemical said that with the introduction of the "plastic restriction order" in the central and local provinces and cities and the expansion of the green consumer market, fully biodegradable plastics show a good market prospect, and the huge market demand will provide a broad market for biodegradable plastics.
market space, it is imperative to develop and apply degradable plastics
.
Tongde Chemical said that with the introduction of the "plastic restriction order" in the central and local provinces and cities and the expansion of the green consumer market, fully biodegradable plastics show a good market prospect, and the huge market demand will provide a broad market for biodegradable plastics.
The project will be carried out in two phases, and the first phase will build a 60,000-ton/year production line
.
The total investment is expected to be 800 million yuan, with an initial investment of 400 million yuan
.
