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On October 30, 2023, the 30,000-ton-per-year special polyolefin and related facilities project of Hainan Beiyi Technology Co., Ltd. (referred to as Beiyi Company) was completed, marking the transition of the project from the construction phase to the stages of production preparation and trial operation. The signing of the overall project completion certificate by representatives from project construction, production, design, construction, supervision, quality control, and other parties marks the completion of China’s first 10,000-ton-scale industrial polyolefin elastomer (POE) production facility, representing an important milestone in the advancement of POE production within China! As the **\"dual carbon\" strategy advances further, strategic emerging industries such as photovoltaics and new energy vehicles are developing at a rapid pace, bringing new opportunities for the chemical new materials industry. As a new generation of thermoplastic elastomers, POE is a star product among high-end polyolefin materials. It features high technical barriers and complex production processes; at present, it relies entirely on imports, which has become a major bottleneck restricting the development of China’s new material industry. The successful completion of Beiyi Company’s 30,000 tons per year special polyolefin and related facilities project has laid the foundation for the operational launch of China’s first industrial-scale POE production facility, marking a historic breakthrough in the industry’s development. This advancement helps Beiyi Company to gain a competitive edge in the market, drive industry progress, and enhance the international competitiveness of China’s new materials industry chain. Beiyi Company is another independent high-tech innovation enterprise born out of Jingbo Group’s \"Big Yellow Honeycomb\" strategy. It is a supplier of high-quality polymer materials, with polyolefin elastomers and α-olefins as the core components of its industrial chain. The company has two production bases in Shandong and Hainan, as well as three R&D centers in Boxing, Qingdao, and Hangzhou. Adhering to the philosophy of developing high-performance materials and providing high-value services, Beiyi is committed to becoming a global leader in solutions for polyolefin elastomers. In recent years, Jingbo Group has adhered to a strategy of industrial transformation and upgrading, always regarding independent innovation as the core driving force behind such transformation and structural adjustment. Focusing on high-end chemicals, high-performance materials, as well as the specialized high-end equipment and key industrial service sectors that support their development, the group has implemented its \"Big Yellow Honeycomb\" strategy to pursue diversified growth, with the goal of building a diversified industrial group that can generate revenues and profits in the hundreds of billions. Leveraging the strong foundation in the chemical materials industry and resources provided by Jingbo Group, Beiyi Company focuses on three key challenges related to α-olefins, catalysts, and polymerization processes. It invests heavily in technical research, making continuous advancements in self-sufficiency in core raw materials, breakthroughs in catalytic technology, and process optimization. After years of effort, it successfully completed pilot and scale-up tests for POE and α-olefin products, and built China’s first industrial production facility for POE. This facility is now ready for full-scale operation, marking a significant achievement in the development of large-scale industrial production techniques for POE. Build dreams on a new journey, and move forward toward the future! Beiyi Company will adhere to its corporate vision of \"becoming a global leader in providing solutions for polyolefin elastomers.\" By building on its dual industrial chains based on POE and α-olefins, it will drive innovation, overcome technical barriers, and expand its industrial footprint. It will continue to lead the high-quality development of the advanced polyolefin materials industry, contributing to the growth of the photovoltaic energy sector and the implementation of the \"dual carbon\" strategy. In doing so, it will play an important role in establishing a green economy and fostering a world-class technology powerhouse