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Agreement Signed for Phase 1 of Inner Mongolia Junzheng Energy Chemical’s Green, Low-Carbon, Environmentally Friendly and Biodegradable Plastic Recycling Industry Project Author/Source: Huahua Network – Coal Chemicals Date: June 25, 2021 Clicks: 12 On June 21, Inner Mongolia Junzheng Energy Chemical Group Co., Ltd. signed an agreement regarding Phase 1 of its green, low-carbon, environmentally friendly and biodegradable plastic recycling industry project with Wuhai City**; the total investment in this project amounts to 20.7 billion yuan, and construction is set to begin in the near future. At the signing ceremony, Li Chunxiao, **Vice Mayor of Wuhai City, and Du Jiangtao, founder and chairman of Junzheng Group, signed the investment agreement for Phase 1 of the green, low-carbon, environmentally friendly and biodegradable plastic recycling industry project on behalf of Wuhai City** and Junzheng Group respectively. Junzheng Group intends to use its wholly-owned subsidiary, Inner Mongolia Junzheng Chemical Co., Ltd., as the investment entity to build the first phase of a green and sustainable circular industry project in Wuda Industrial Park, Wuhai City, Inner Mongolia, with an annual production capacity of 2×600,000 tons of BDO and 2×1,000,000 tons of PBAT/PBS/PBT/PTMEG. The total investment in this project amounts to 20.7 billion yuan, with completion of construction planned for December 2023. Once operational, the project will have an annual production capacity of 600,000 tons of BDO and 1 million tons of PBAT/PBS/PBT/PTMEG. It is planned to build a facility for the production of 1 million tons of PBAT/PBS/PBT/PTMEG per year, a facility for the production of 600,000 tons of BDO per year, a facility for producing hydrogen from carbon-based materials, a facility for the synthesis of 800,000 tons of formaldehyde (55% wt) per year, a facility for the production of 400,000 tons of adipic acid per year, as well as supporting facilities for raw material production. There will also be a facility for producing 800,000 tons of acetylene per year to support the BDO production process, along with auxiliary facilities such as solid material storage and transportation systems, recirculation water stations, sewage treatment plants, and wastewater reuse systems.