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A announcement on December 9 stated that the company plans to use its wholly-owned subsidiary, Jiangsu Suopu New Materials Technology Co., Ltd., as the entity to invest around 7.128 billion yuan in building an integrated project for vinyl acetate and EVA in the New Materials Industrial Park in Zhenjiang New Area. The project is constructed in two phases; the first phase is expected to require a total investment of 3.226 billion yuan, to build an acetylene vinegar production facility with an annual output of 330,000 tons along with related infrastructure ； The second-phase project is a 300,000-ton/year EVA project, with an estimated total investment of 3.902 billion yuan. Jiangsu Suph said that the first phase of the project uses the company’s products such as acetic acid, along with ethylene and oxygen, as main raw materials to produce vinyl acetate. The second phase utilizes vinyl acetate produced in the first phase, along with ethylene and other materials, to manufacture photovoltaic-grade EVA resin with a VA content of 28%. This approach makes full use of the company’s production facilities, utility systems, and auxiliary equipment, thereby leveraging synergies across the different stages of product production. Once the project is completed and put into operation, it will help optimize the company’s product portfolio, further enhancing the company’s overall competitiveness and risk resistance.