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On December 19, it was learned from the Tianjin Economic-Technological Development Area (abbreviated as Tianjin ETDA) that recently the management committee of Tianjin ETDA signed an investment cooperation agreement with Henghe Industrial Group Co., Ltd. The Henghe Carbon Five and Carbon Nine Comprehensive Utilization New Materials Project, with a total investment of around 5.1 billion yuan, has now been established in Tianjin ETDA. The establishment of this project will further expand Tianjin’s downstream new material industry chain related to ethylene, strengthening and completing this chain; it will also promote the development of the regional new material industry in a more refined and high-end direction, thereby contributing to the creation of a world-class green chemical and new material hub in Tianjin Nangang. The Ganga Carbon Five and Nine Comprehensive Utilization New Materials Project is located in the Nangang Industrial Zone of Tianjin Economic Development Area, covering an area of about 400,000 square meters. It will be built through a joint venture between Ganga Industrial Group Co., Ltd. and Sinopec Corporation. The project will involve the construction of 10 units, including carbon pentane separation units with a capacity of 250,000 tons per year and carbon nine separation units with a capacity of 350,000 tons per year. Four of these units will utilize a set of technologies owned entirely by the Ganga Industrial Group, technologies that are unique in the global petroleum resin industry and represent world-leading standards. At the same time, the project will also include the construction of a R&D center for the comprehensive utilization of C5 and C9 compounds, to provide technical support for future development. The new material production project utilizing C5 and C9 compounds from the Ganges River is expected to be completed and put into operation by 2025. Once operational, it will use C5 and C9 compounds produced at Sinopec’s Nangang ethylene plant as raw materials to manufacture a variety of new material products, including special resins, which will find wide applications in areas such as rubber tires, food packaging, plastic modification, and waterproofing materials. Upon reaching full production capacity, the project is expected to generate annual operating revenue of around 5.6 billion yuan, as well as profits and taxes of around 1.05 billion yuan. Henghe Materials Technology Co., Ltd., a wholly-owned subsidiary of Henghe Industrial Group Co., Ltd., is currently the largest, most diversified, and highest-quality producer of C5-C9 petroleum resins in China. It possesses the core technologies for the entire production chain of C5-C9 petroleum resins, and its output value exceeded 10 billion yuan in 2022. Ganga Materials Technology Co., Ltd. is a **high-tech enterprise** that possesses end-to-end R&D capabilities spanning experimental testing, scale-up, pilot production, and product application evaluation. It has developed over 20 sets of proprietary technologies, as well as integrated industrial chains for the comprehensive utilization of pyrolyzed carbon-9, pyrolyzed carbon-5, and ethylene tar (PGO\PFO), all of which are covered by independent intellectual property rights.