Shanxi 500,000-ton PBAT Project Phase I for Feasibility Study Review

On October 18, Huayang New Materials Group Co.

At present, white pollution is a common problem facing the world

This project is in line with the group's development strategy, making full use of the group's resource advantages, using advanced, mature and reliable technology, with a broad product market and good economic benefits.

At the review meeting, experts and scholars from BDO, the degradable plastics industry, and the fields of environmental protection, economy, and safety formed a review panel.

Raised 550 million yuan!

Huayang New Materials plans to increase the layout of degradable new materials

Huayang New Materials (formerly known as Taihua Co.

In the first half of this year, Huayang New Materials has acquired 100% equity of Shanxi Huayang Biodegradable New Materials Co.

It is understood that after the completion of this fundraising project of Huayang New Materials, the company will have the ability to produce PBAT to downstream modified blown film masterbatch, sheet and plastic products

In the future, Huayang New Materials plans to further expand its investment in the field of PBAT, and plans to expand the total production capacity to 300,000 tons/year in stages, and at the same time build the production capacity of upstream raw materials BDO and downstream plastic products in the industrial chain

At present, Huayang New Materials has three main businesses, namely precious metal recycling and processing, electricity distribution and sales management, and trade business

Huayang New Materials said that through the implementation of this fundraising project, the company will add a new biodegradable material business.