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On April 7 , Yuanping City, Xinzhou, Shanxi Province, and Shanxi Tongde Chemical Co.
On April 7 , Yuanping City, Xinzhou, Shanxi Province, and Shanxi Tongde Chemical Co.
, Ltd.
signed a cooperation agreement for a fully biodegradable plastic production project with a total investment of 3.
6 billion yuan.
It is reported that the project covers an area of 800 acres, and the construction scale is an annual output of 500,000 tons of thermoplastic biodegradable plastic raw material BDO and 120,000 tons of thermoplastic biodegradable plastic PBAT .
After the project is completed, an output value of 18 billion yuan can be realized .
The project is constructed in two phases.
The first phase will produce 250,000 tons of thermoplastic biodegradable plastic raw materials and 60,000 tons of thermoplastic biodegradable plastics per year, covering an area of 500 mu, with an investment of 1.
8 billion yuan; the second phase will produce 250,000 tons of thermoplastic biodegradable materials 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.
The project will start construction in the near future and is expected to be put into operation in December 2022 .
