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On September 11, the first phase of the 120,000-ton PBAT project of Changhong Biotech, a subsidiary of Changhong Hi-Tech, was launched in Shengzhou, Zhejiang
Changhong Hi-Tech released an announcement on October 30, 2020, deciding to invest in the construction of a 600,000-ton/year fully biodegradable thermoplastics industrial park PBAT/PBS/PBT flexible production project
The total investment of the project is 5 billion yuan.
The investment in the first phase is 2.