Signing of China’s first project for new cycloolefin polymer materials

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Recently, China Chemical Engineering Caiding Company and Huaxiting New Materials (Ningbo) Co., Ltd. held a contract signing ceremony in Ningbo for the first phase of a new 27,500 tons per year production project for cycloolefin polymers (COP). This project is the first domestic project for new cyclic olefin polymer materials. 　　COP is a high-value-added thermoplastic engineering plastic with high technical barriers and complex production processes. The market has long been heavily dominated by Japanese companies, and domestic demand relies entirely on imports; it represents a critical product in China’s new materials industry that needs to be overcome as soon as possible. 　　The project under this agreement focuses on COP-related key materials; it plans to build a production facility for COP new materials with an annual capacity of 27,500 tons. The first phase will involve the construction of a production line for COP resins with an annual capacity of 5,000 tons, while the second phase will see the establishment of facilities for producing the key monomer raw materials, thereby creating a closed-loop industrial chain that spans from monomers to polymers. Upon completion, the project will hold great strategic significance for ensuring the security of **industrial and supply chains and promoting the transformation and upgrading of the high-end manufacturing industry.