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Xinjiang Longju plans to invest 6 billion yuan in a project to produce 50,000 tons of carbon fiber per year. Author/Source: Refining and Chemical Industry Updates. Date: 2021-03-09. Clicks: 8. In many people’s minds, new materials seem mysterious and far removed from everyday life. That’s not the case; some materials are actually derived from common resources such as coal through processing, and after being refined they are used in production and daily life. “\"Greatness emerges from the ordinary,\" said Wang Kenan, deputy director of the Management Committee of Urumqi Ganquanbao Economic Development Zone. These words not only describe the transformation of local resources – from raw materials to finished products – but also encapsulate their approach to developing an industry cluster focused on advanced structural materials. The planned construction land area in the Ganquanbao Economic Development Zone in Urumqi is 193 square kilometers; at present, more than 50 square kilometers are in use, providing ample space for enterprises and projects. “Abundant land resources are just a basic advantage; it is necessary to further enhance this advantage by improving the business environment and reducing corporate operating costs. ”Wang Kenan, deputy director of the Management Committee of Ganquanbao Economic Development Zone, said. Leveraging the advantages of the carbon-based new materials industry chain in the park, Xinjiang Longju New Materials Co., Ltd. plans to invest 6 billion yuan to build a project with an annual production capacity of 50,000 tons of carbon fiber carbonized products, thereby establishing a new materials hub for the production and operation of carbon fiber precursor fibers, carbon fiber carbonized products, carbon fiber itself, and composite material products. The project will be completed and come online in 2025, with its products primarily used in wind turbine blades, medical devices, automotive parts, as well as laptop and smartphone casings.