Huayang Group will build two new projects

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Huayang Group to Build Two New Projects Author/Source: Coal Chemical Industry 114 Forum Date: 2021-08-09 Views: 26 On August 6, Huayang New Materials Group Company held a review meeting for the feasibility study reports of Taihua Group’s biodegradable new materials projects, to assess the feasibility studies for a project aimed at producing 20,000 tons per year of various biodegradable new materials, as well as a project for producing 20,000 tons per year of biodegradable modified materials and plastic products. Wang Yongge, Deputy Secretary of the Party Committee, Vice Chairman, and General Manager of the group company, was in attendance; leaders such as Gao Yanqing, Feng Zhiwu, and Liu Youtu also participated. Since the new century, biodegradable modified materials have received widespread attention in developed countries, showing rapid development trends, with their economic viability gradually improving. Our country also attaches great importance to the development of the industry for biodegradable modified materials, having listed it as one of the strategic emerging industries to be prioritized for development in the future. The large-scale development and application of biodegradable modified materials are of great significance for China in reducing the reliance of the chemical materials industry on fossil resources, accelerating the transformation of development patterns, improving the ecological environment and quality of life, promoting green economic growth, enhancing the level of circular economy in industry and agriculture, and advancing urbanization. The 20,000 tons per year project for a full range of biodegradable new materials is primarily engaged in the production of high-end fully biodegradable modified materials and products, while the 20,000 tons per year project for biodegradable modified materials and plastic products focuses on the production of conventional fully biodegradable modified materials and products. At the evaluation meeting, an expert panel composed of scholars and experts from Tsinghua University, the China Plastics Processing Industry Association, the Degradable Plastics Committee of the China Plastics Association, Shanxi Qingyuan Environmental Consulting Co., Ltd., and Saiding Engineering Co., Ltd. conducted thorough discussions via video link on aspects such as the project’s technical processes, safety and environmental considerations, as well as investment and economic benefits, thereby forming their evaluation opinions. The expert group believes that the content of the project feasibility study report is generally in line with **relevant regulations and requirements; upon further refinement, it can serve as a basis for investment decision-making. The expert group agrees to approve it on principle. The meeting noted that these two projects are concrete measures taken by the group company to \"extend, supplement, and strengthen\" its industrial chains. Relevant units and departments should strengthen communication and cooperation, further clarify their strategic positioning, conduct thorough market research, accurately calculate costs, and conduct a careful economic analysis ； Optimize the production and operation models, actively promote industrial scaling and production automation to enhance the core competitiveness of products, clarify sales channels to quickly enter the market, and facilitate the early completion and profitability of the projects.