Hainan Suida Fund invests 300 million yuan in Fengyuan Biology

　　Recently, the first sub-fund of Hainan Free Trade Port Construction Investment Fund - Hainan Suida Equity Investment Fund (hereinafter referred to as Suida Fund) invested 300 million yuan in Anhui Fengyuan Biotechnology Co.
, Ltd.
(hereinafter referred to as Fengyuan Biotechnology Co.
, Ltd.
).
Original Bio), completed its first "rural revitalization + green and low carbon + specialization and special new" project investment and landing
.

　　Hainan Free Trade Port Construction Investment Fund is an important measure to promote the construction of Hainan Free Trade Port, and it is expected to form a parent-child fund group with a scale of 100 billion
.
Suida Fund is the only sub-fund that has been implemented at present.
It is jointly funded and established by Agricultural Bank of China Investment under the Agricultural Bank of China and the Central Enterprise Rural Industry Investment Fund under SDIC Chuangyi Management under SDIC Group.
It mainly invests in rural revitalization and green fields.
With a scale of 1.
5 billion yuan, Suida Fund successfully invested 300 million yuan in Fengyuan Biology within 2 months of its establishment
.

　　As a leading biodegradable material PLA company, Fengyuan Bio has mastered the core technologies of the whole industry such as the preparation, fermentation, extraction and purification of lactic acid bacteria, and polymerization into polylactic acid.
White pollution, improve land use efficiency, solve the utilization of agricultural and forestry waste and help farmers increase income
.

　　According to the agreement reached between Suida Fund and Fengyuan Biology, Fengyuan Biology will set up a subsidiary in Hainan in 2022, which will further enrich Hainan's green industry system, promote the construction of Hainan's biological industry base, and help Hainan to ban plastics throughout the region
.