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A subsidiary of Hunan Yu New Energy Technology has started producing qualified products from its project aimed at manufacturing 60,000 tons per year of fully biodegradable plastic PBAT. Author/Source: Coal Chemical Industry Information Network; Date: May 8, 2023; Clicks: 24. On May 5, Hunan Yu New Energy Technology Co., Ltd. announced that its subsidiary was producing qualified products as part of its project to manufacture 60,000 tons per year of fully biodegradable plastic PBAT. It is reported that the annual production capacity of 60,000 tons of fully biodegradable plastic PBAT at Huizhou Bokewang New Environmental Materials Co., Ltd., a subsidiary controlled by Yuxin Shares, obtained the \"Filing Receipt for the Pilot Production (Use) Plan for Hazardous Chemicals Construction Projects\" on March 13, 2023. After entering the pilot production phase, and following the installation and calibration of related equipment as well as the optimization and adjustment of technical parameters, the company has now produced products whose various specifications meet top-quality standards. The successful commissioning of this project marks the first step for Yuxin Co., Ltd. into the field of biodegradable plastics, laying a solid foundation for the company’s entry into this sector. In the future, Yuxin Co., Ltd. will focus on product modification and the development of new biodegradable plastic products – products that are of higher quality than those currently available and whose prices are similar to those of conventional plastics. This will help promote the use of biodegradable plastics and contribute to reducing plastic pollution and protecting the environment. Introduction to Yuxin Co., Ltd. Hunan Yuxin New Energy Technology Co., Ltd. was established in October 2009. It has wholly-owned subsidiaries such as Huizhou Yuxin Chemical Co., Ltd. and Hunan & Xin Trade Co., Ltd., as well as holding subsidiaries including Huizhou Yuxin New Materials Co., Ltd. and Huizhou Boké Environmental Protection New Materials Co., Ltd. Since its establishment, the company has been dedicated to the research and development of processes sowie the production of organic chemical products using LPG as a raw material. The company’s main production facilities are located in the Huizhou Daya Bay Petrochemical Zone, one of China’s seven major petrochemical industry hubs, and it relies on large petrochemical enterprises such as CNOOC Huizhou Petrochemical and CNOOC Shell. The company has now built multiple production facilities for the deep processing of LPG, with main products including methyl tert-butyl ether, isooctane, maleic anhydride, isopropanol, and others. The report for the first quarter of 2023 shows that the company achieved operating revenue of 1,479,179,856.68 yuan, representing a 9.94% increase compared to the same period last year ； The net profit attributable to the shareholders of the listed company was 107,112,702.91 yuan, representing a 35.29% increase compared with the same period last year. Related reading: On March 28, Hunan Yuxin New Energy Technology Co., Ltd. (referred to as “Yuxin Shares”) submitted an application to issue shares to specific investors in order to raise 3 billion yuan; this application was accepted by the Shenzhen Stock Exchange. The raised funds are used for Phase I of the light hydrocarbons comprehensive utilization project and to supplement working capital. The number of specific investors in this issuance shall not exceed 35 (including 35), and the total number of shares issued shall not exceed 68,445,420 shares. Specifically, Yuxin Co., Ltd. plans to use the 2.7 billion yuan in funds raised through fundraising for the first phase of the light hydrocarbon comprehensive utilization project, with the implementation site of this project located in Huizhou New Materials Industrial Park. The project construction period is 36 months, and the entity responsible for its implementation is Huizhou Bokuo Environmental Protection New Materials Co., Ltd., a subsidiary controlled by the company. The project’s construction includes: a 240,000-ton/year maleic anhydride production facility, a maleic anhydride hydrogenation plant (producing 130,000 tons/year of BDO and 190,000 tons/year of DMS), a 60,000-ton/year PBS production facility, a 46,000-ton/year PTMEG production facility, and a 360-ton/year oxidation catalyst production facility. By making further use of the excess alkane resources available in the Daya Bay petrochemical zone, this project will help to improve the circular economy model in Huizhou’s petrochemical and new materials industries. Upon completion, the project will provide the company with new production capacity of 147,600 tons per year of DMS, 34,200 tons per year of BDO, 46,000 tons per year of PTMEG, and 60,000 tons per year of PBS. The production process diagram is shown below: http://img.yf116.cn/image/img/20230508/1420115161181.jpg The main products of this project, BDO, DMS, PTMEG, and PBS, can be used as basic materials in industries such as engineering plastics, high-end coatings, polyester fibers, spandex, rubber, biodegradable materials, as well as solvents and cleaners for the electronics industry. They can also be utilized to synthesize new materials with high added value, and find wide applications in the fields of new materials, new energy, and biodegradable plastics. Through the construction of the aforementioned projects, a complete industrial chain of “butane-cyclohexanone oxide-BDO-downstream new materials” has been established. As of March 2023, Yuxin Co., Ltd. had built a production capacity of 60,000 tons of biodegradable PBAT and had begun operating it for production. Dimethyl succinate (DMS) can be used as a solvent in the electronics industry, and its demand is increasing as the electronics industry develops. Due to its high biodegradability, it can be used not only in the synthesis of biodegradable materials but also widely in applications such as light stabilizers, high-quality coatings, fungicides, pharmaceutical intermediates, food additives, and fragrances. High-molecular-weight biodegradable PBS can be synthesized from BDO and DMS under the action of a catalyst ； Biodegradable polyethylene succinate (PES) can be synthesized via the transesterification of dimethyl succinate with ethylene glycol.