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Recently, the ceremony marking the simultaneous commencement of key projects in Yulin City for the first quarter of 2021 was held at the construction site of the Shenxin New Materials Circular Economy Industrial Park in Shenmu High-Tech Zone. Fifty projects will commence construction under this initiative, with a total investment of 212.3 billion yuan. These projects cover various sectors of industrial development, and they are of great significance for promoting the transformation, upgrading, and high-quality development of Yulin City, as well as for ensuring a good start to the 14th Five-Year Plan period. The Shenmu Shenxin Circular Economy Industrial Demonstration Park project was invested and constructed by Shandong Xinfa Group, with a total investment of 62.1 billion yuan. The first phase of the project is scheduled to see an investment of 5.6 billion yuan in 2021, with completion expected by October 2023. Once completed, it is expected to generate 4 billion yuan in tax revenue, create employment for over 3,500 people, and achieve an output value of 4.477 million yuan per mu. The Circular Economy Industry Demonstration Park project of Shenmu Shenshin New Materials Co., Ltd. is one of the key energy and chemical industry investment projects identified by Yulin City; it was listed as a key preliminary project in Shaanxi Province in 2019. This project is a key initiative for Shenmu Shenshin New Materials Co., Ltd.; in order to promote the transformation and upgrading of the energy industry, the company plans to establish a circular economy demonstration project in the Shenmu High-Tech Industrial Development Zone. The main construction components of Phase 1 of the project include: 2×660MW high-efficiency ultra-supercritical air-cooled thermal power units, a facility for producing 800,000 tons per year of high-performance resins along with related facilities, 2×200,000 tons per year plants for converting calcium carbide furnace exhaust gases into ethylene glycol, a facility for producing 360 million Nm3 per year of pure acetylene gas along with related equipment, and a plant for the efficient utilization of 5 million tons per year of coal along with associated equipment. The total investment for Phase 1 is 25.3 billion yuan, with a planned land area of 4,150 mu. The land preparation work for the circular industry demonstration project invested and built by Shandong Xinfafa Group commenced across the entire site on November 16, 2020, and was completed on March 15, 2021, thereby creating favorable conditions for the full start of the project. It is reported that Yulin City has scheduled 314 key construction projects this year, with a total investment of 757.7 billion yuan; the planned annual investment amounts to 104.1 billion yuan, which will help the city achieve an increase in fixed-asset investment of around 8.5%. Among the key projects, there are 50 manufacturing projects with a total investment of 476.4 billion yuan ； 180 new projects have been launched, with a total investment of 434.9 billion yuan ； For the first, second, and third quarters, 50, 60, and 70 projects are planned to start respectively, accounting for 27.8%, 61.1%, and 100% of the planned target.