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Hubei Yihua’s 60,000-ton PBAT project will go into operation by the end of the year! Author/Source: Coal Chemical Industry Information Network Date: 2022-12-08 Clicks: 22 Recently, Hubei Yihua Chemical Co., Ltd. stated on the investor interaction platform that the PBAT project will come online by the end of the year. 60,000 tons/year biodegradable new materials project. Constructor: Hubei Yihua Degradable New Materials Co., Ltd. Location of construction: Yaojiagang Chemical Industrial Park, Yichang (Tianjiahe area). Nature of the project: New construction (relocation). Total investment: Approximately 806.92 million yuan. Project details: http://img.yf116.cn/image/img/20221208/1437535267331.jpg On October 5th, Hubei Yihua Degradable New Materials Co., Ltd. was officially established. This company is the first in the Central China region to undertake a PBAT production project; it is also the first chemical new materials project developed by the Yihua Group in the Tianjiahe industrial park. The overall project capacity is 180,000 tons per year, covering an area of approximately 400 mu. The product PBAT is a key raw material for producing biodegradable shopping bags, packaging bags, and agricultural films, offering broad market prospects. On March 11, 2022, in order to meet the funding requirements for its project related to degradable new materials and to advance the construction of a facility capable of producing 60,000 tons per year of such materials, Hubei Yihua planned to inject an additional 130 million yuan into Hubei Yihua Degradable New Materials Co., Ltd. Hubei Yihua: Formerly known as Hubei Yichang Chemical Plant, established in 1977, it started with a designed production capacity of only 10,000 tons of synthetic ammonia per year. Through rapid independent development, its fertilizer production capabilities have been gradually expanded. In 1996, the company was listed on the Shenzhen Stock Exchange, becoming China’s first stock in the nitrogen fertilizer sector. At present, two core business areas have been established: fertilizers and chlor-alkali chemicals. According to the company’s plan, industrial transformation and upgrading will continue to be promoted in 2022. Hubei Yihua states that transforming and upgrading the three traditional industries of coal chemicals, phosphate chemicals, and salt chemicals, while focusing on the development of the two emerging industries of new chemical materials and high-end specialty chemicals, is an important strategic direction for the company.