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Recently, the completion ceremony for the Xinhai Chemical New Materials Complex and the groundbreaking ceremony for the Aokai Petrochemical High-End Composite Materials Complex were held at Hebei Xinhai Holding Group Co., Ltd. (hereinafter referred to as Xinhai Holding). The total investment in the Xinhai Chemical New Chemical Materials Complex project is 12.9 billion yuan; once completed, the project will help Xinhai Holdings transform itself into a high-quality base for chemical new materials. The project includes initiatives such as improving the quality of fuel, carrying out advanced processing of products, and their comprehensive utilization; it is capable of producing methyl tert-butyl ether, isooctane, as well as ethane, ethylene, propane, propylene, butane, and butylenes. The commissioning of this project will lay a solid foundation for the deep processing of products and the comprehensive utilization of chemical materials. Meanwhile, the Aokai Petrochemical High-End Composite Materials Complex project, for which Xinhai Holdings has invested 16 billion yuan, has commenced construction and will be built in three phases. This project will extend the industrial chain for the advanced processing of asphalt, producing high-end composite materials and electrode materials among other products. It is reported that the completion and commencement of these chemical new material projects are of great significance for promoting the local green petrochemical industry to shift from an oil-based focus to a chemicals-based one, as well as for accelerating the development of a high-quality base for chemical new materials.