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Tongde Chemical Subsidiary Signed PBAT New Material Industry Chain Integration Project Contract

 Last Update: 2022-08-28
 Source: Internet
 Author: User

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Tongde Chemical issued an announcement that in order to realize the company's future development strategy, accelerate the company's diversified and rapid development, optimize the company's product structure, improve the company's comprehensive competitiveness, and cultivate new economic growth points, the company has passed the 14th meeting of the company's seventh board of directors, The 15th board meeting, the company's 2020 annual general meeting of shareholders, and the first extraordinary general meeting of shareholders in 2021 were considered and approved, and it was agreed that the company's wholly-owned subsidiary Tongde Kechuang Materials Co.
, Ltd.
would invest in new fully biodegradable plastics (PBAT) and Its raw material 1,4 butanediol (BDO) and other product production line projects

On June 30, 2021, the company received the "Tongde Kechuang Materials Co.
, Ltd.
PBAT New Material Industry Chain" signed in Xinzhou City, Shanxi Province by its wholly-owned subsidiary Tongde Kechuang Materials Co.
, Ltd.
and Hualu Engineering Technology Co.
, Ltd.
Integrated project engineering general contract", the contract price is 2.
5 billion yuan

On April 7, the Economic and Technological Development Zone of Yuanping City, Xinzhou, Shanxi Province signed a cooperation agreement with Shanxi Tongde Chemical Co.
, Ltd.
for the production of fully biodegradable plastics.
The project has a total investment of 3.
6 billion yuan and covers an area of 800 acres

According to reports, the construction scale of the fully biodegradable plastic production project is to produce 500,000 tons of thermoplastic biodegradable plastic raw materials 1,4-butanediol (BDO) and 120,000 tons of thermoplastic biodegradable plastic PBAT.
Yuan

The project is divided into two phases.
The first phase will produce 250,000 tons of thermoplastic biodegradable plastic raw materials and 60,000 tons of thermoplastic biodegradable plastics, covering an area of 500 acres and an investment of 1.
8 billion yuan; the second phase will produce 250,000 tons of thermoplastic biodegradable plastics per year.
Degradable plastic raw materials, 60,000 tons of thermoplastic biodegradable plastics, covering an area of 300 acres, with an investment of 1.
8 billion yuan

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