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On September 11, the first phase of the PBAT project with an annual output of 120,000 tons of Changhong Bio, a subsidiary of Changhong Hi-Tech, held an ignition and commissioning ceremony in Shengzhou, Shaoxing City, Zhejiang Province
.
Project review
Project reviewOn October 27, 2020, Changhong Hi-Tech passed the resolution of the extraordinary shareholders' meeting, and decided to invest 5 billion yuan to build a 600,000-ton/year full biodegradable thermoplastic industrial park PBAT/PBS/PBT flexible and flexible production project.
The project will be carried out in two phases.
Each phase is 300,000 tons/year, and the total construction period is 5 years
.
The first phase is the first to build a 120,000-ton/year PBAT production line, and the second-phase PBAT production line with an annual output of 250,000 tons is expected to be completed and put into operation by the end of this year or early next year (quoted from the investor research report on June 16)
.
Changhong Hi-Tech disclosed in its semi-annual report in August this year that its first phase of the 120,000-ton/year PBAT project will complete construction in mid-September this year and meet the conditions for feeding
.
On September 3, Changhong Hi-Tech held the "Safety Risk Identification Meeting of Process Operation Process Before Driving" to prepare for production.
Tao Chunfeng, chairman of the parent company Keyuan Holding Group, attended the meeting in person
.
On September 11, Changhong Hi-Tech's annual output of 120,000 tons of PBAT project held an ignition and commissioning ceremony in Shengzhou, Shaoxing City, Zhejiang Province
.
Introduction of Changhong Hi-Tech
Introduction of Changhong Hi-TechNingbo Changhong Polymer Technology Co.
, Ltd.
was founded in 2012, and has been committed to the research and development, production and sales of thermoplastic elastomers (TPE) with SBS and SEBS as the core
.
Changhong Hi-Tech is a leading enterprise in the TPES industry.
It currently has a theoretical production capacity of TPES products of 195,000 tons/year, of which SBS production capacity is 155,000 tons/year
.
Through years of R&D investment and technology accumulation, the company now has strong technical R&D advantages in the field of TPES, among which SEBS hydrogenation technology has reached the advanced level in the same industry
.
The report shows that in the first half of the year, the company's total production of SBS and SEBS products was 61,700 tons, an increase of 2.
42% over the same period of the previous year
.
The company is investing in the construction of a fully biodegradable thermoplastics industrial park project.
After the project is completed, it will be combined with the TPES industry chain to form two main lines, two-wheel drive, complementary advantages, broaden the development space of the company, and can significantly improve the company's overall industrial scale and comprehensive.
competitiveness
.
The subsidiary Changhong Bio produces PBAT raw materials and PBAT modified materials, biodegradable films, biodegradable plastic bags, disposable biodegradable tableware and other terminal products, completing the entire industrial chain layout of Changhong Bio
.
After the first phase of the Changhong Biodegradable New Material Industrial Park project is completed, it will become the first and largest PBAT production capacity project in Zhejiang
.
The strong demand for degradable new materials will further expand the sustainable development space of the company in the future and improve the economic benefits of the company, which will further drive the rapid development of Changhong Hi-Tech
.
