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Three projects of Yangmei Group Taiyuan Chemical, including those related to carbon-based new materials, passed the feasibility study review. Author/Source: Yangmei Group Taiyuan Chemical New Materials Co., Ltd. Date: November 5, 2020. Clicks: 7. On November 3, Yangmei Group Taiyuan Chemical New Materials Co., Ltd. invited top scholars and experts in the field from China to the China Nage Park to review the feasibility study reports for the Pingding Chemical New Materials project, the Xinjiang Guotai Xinhua Phase II project, and the carbon-based new materials project. This is the first review meeting for a project feasibility study report of such high standard and scale since the establishment of Huayang New Materials Technology Group. Zhai Hong, Secretary of the Party Committee and Chairman of the Group Company, and Wang Yongge, Deputy Secretary of the Party Committee, Vice Chairman and General Manager, attended the meeting*, while Wang Fuyun, Full-time Deputy Secretary of the Party Committee and Vice Chairman, presided over it. After evaluation, the three chemical projects passed the feasibility study review. Leaders such as Zhou Gang, Han Zhengui, Linghu Jianshe, Gao Yanqing, Feng Zhiwu, and Liu Youtu attended the evaluation. For this evaluation, the group company invited top scholars from the fields of carbon-based new materials research in China, such as those from Tsinghua University, the Chinese Academy of Sciences, and Taiyuan University of Technology, as well as leading experts from the Petroleum and Chemical Industry Planning Institute and from the coal chemical industry in our province in terms of process design, safety, environmental protection, and economics. They provided expert analysis on aspects such as the project’s innovation, necessity, economic viability, and risks, offering intellectual support for it. During the evaluation process, the leaders of the group company, along with experts and scholars, conducted thorough evaluations of the three projects. The Pingding Chemical New Materials project uses 1,4-butanediol, terephthalic acid, and adipic acid as raw materials, and takes full advantage of Huayang Group’s integrated industrial chain capabilities to build production facilities for PBAT resin and modified PBAT materials; this is of great significance for addressing the current issue of white pollution ； Benzyl alcohol and benzaldehyde, produced using a chlorine-free process with toluene and air as raw materials, are widely used in industries such as textiles, dyes, and pharmaceuticals, and are very important chemical intermediates. It was unanimously agreed that the construction of this project is in line with the **industrial development policies aimed at fostering such growth, it aligns with Shanxi Province’s strategy for transformation focused on the new materials sector, and it is consistent with Huayang Group’s overall development plan. The Phase II project of Xinjiang Guotai Xinhua makes full use of the reserved land for construction and utility facilities within the park to increase the production capacity of 1,4-butanediol, optimize existing assets, raise the power generation capacity, and further reduce production costs ； A PBAT project will be established using 1,4-butanediol, terephthalic acid, and adipic acid as raw materials to further extend the industrial chain. It is believed that the project construction is in line with the industrial development policies of the Xinjiang Uygur Autonomous Region, as well as with Huayang Group’s overall development plan. The carbon-based new materials project for chemical industry uses advantages such as existing production technologies, reserved land resources, chemical processing facilities, and infrastructure for utility services. By upgrading the existing facilities and constructing additional supporting facilities, it aims to increase the capacity for caprolactam production, thereby achieving good economies of scale ； At the same time, the industrial chain is extended to produce nylon-based products, thereby creating a carbon-based new materials industry chain and increasing the added value of the industry. Experts say that this project is in line with the **direction of industrial development, and meets the transformation goals of Huayang Group to build a complete industrial chain for carbon-based new materials. After evaluation, the experts present concluded that the feasibility study reports for the three projects were prepared in a fairly standardized manner, and their content and depth generally met the relevant regulations and requirements of ** and the industry; as a result, they were all approved unanimously. After the review, Wang Fuyun said in his concluding remarks that the evaluations by the experts and scholars provided a basis and assistance for our project decisions. All departments of the group company and project units should build on the opinions put forward by experts and scholars to better advance future work.