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On the morning of October 20, the groundbreaking ceremony for Zhongjing Petrochemical’s (Luoyuan Park) project to extend its industrial chain and produce 200,000 tons of modified polypropylene per year was held at the Fujian West Coast Flexible Packaging Technology Park. Upon completion, the project will address the shortcomings in Fujian Province’s industry related to high-end plastics and specialty plastics, thereby meeting the demand for modified polypropylene materials in Fujian Province and surrounding areas. It is reported that the total investment in this project is 2 billion yuan, with an annual output value of around 3 billion yuan, and it can drive an additional 5 billion yuan in economic activity across the related industry chain. The project’s products mainly include modified polypropylene and new degradable modified materials. Among them, modified polypropylene products can be widely used in household appliances, automotive decoration, children’s toys, daily necessities, pipes, sanitary products, and film blowing ； Modified biodegradable new materials can be widely used in the production of various film products and injection-molded products; after being used, they can degrade under natural environmental conditions into carbon dioxide and water, which are harmless to the environment. “This project enables another extension of Zhongjing Petrochemical’s industrial chain, helping it to develop an industrial chain with a production value of 100 billion yuan. ”Sheng Jin, chairman of the board of directors of China Soft Packaging Group, said that the 200,000-ton modified polypropylene project fills a gap in Fuzhou’s industrial landscape, and it will also contribute to achieving low-carbon, energy-efficient, and environmentally sustainable development. ——Zhongjing Petrochemical is currently the world’s largest wholly-owned producer of BOPP and polypropylene on a per-plant basis; it goes by the reputation of being the \"World’s King of Films\". In recent years, enterprises have actively explored the market for new materials by adopting the strategic approach of \"technological innovation and chain-based development,\" and have now established a complete industrial chain that includes propane terminals, propane, propylene, polypropylene, and polypropylene films. On May 28, 2021, the Zhongjing Petrochemical’s first propane dehydrogenation project in Fujian Province, with a total investment of 3.5 billion yuan, held its official commissioning ceremony. PDH has an annual production capacity of 800,000 tons, providing propylene raw material for downstream PP. Fujian Zhongjing Petrochemical Co., Ltd. is a subsidiary of China Soft Packaging Group. The project is located in the Jiangyin Industrial Cluster in Fuqing City, covering an area of 2,000 mu. With a total investment of 15 billion yuan, it will produce 1.6 million tons of polypropylene resin and 1.6 million tons of propylene monomer via propane dehydrogenation each year. The total output value is expected to reach 40 billion yuan, while also driving economic activity in related industries worth another 20 billion yuan. The project also includes the construction of a 50,000-ton liquid chemical terminal and an propylene-propane storage complex with an annual capacity of 4 million tons. China Soft Packaging Group is the world’s largest producer of biaxially oriented polypropylene film (BOPP). It has established five soft packaging production bases in Luoyuan Bay in Fujian, Xinxiang in Henan, Chengdu in Sichuan, Anshan in Liaoning, and Jinshan in Shanghai, and has introduced 20 BOPP production lines that represent the highest standards in the world today. At present, it has a production capacity of over 1 million tons, with a total output value of 15 billion yuan. Production capacity will account for 29% of the Chinese market share and 14% of the global market share.