Total investment of 76 billion! Large-scale chemical project kicks off!

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According to a report from \"Zhoushan Release\", on the morning of November 30, the main phase of the Jintang New Materials project, with a total investment of 76 billion yuan, officially commenced construction in the eastern area of the reclamation zone in northern Jintang, Zhoushan City, Zhejiang Province. The Jintang New Materials project is invested and constructed by Rongsheng Holding Group. It focuses on developing high-end chemical industry chains such as low-carbon polyolefins, fine chemicals, high-performance resins, engineering plastics, biodegradable plastics, special polyurethanes, and new fiber materials. The project involves the construction of 27 main production units and 16 utility systems, with a total investment of 76 billion yuan. Once the project reaches full production capacity, the annual output value is expected to reach 91.7 billion yuan. It is understood that the total investment in the first batch of projects to commence construction this time is 26.24 billion yuan, with a land area of 3,500 mu. The construction scope includes 10 main processing units and a control center, as well as 12 utility facilities such as roll-on/roll-off docks. It is expected that by the end of 2024, the first 10 sets of main units will be built ； The relevant facilities will come online in June 2025.