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On July 4, the Zhejiang Provincial Party Committee and Provincial Government held a ceremony to launch a series of major projects under the “Thousand Projects, Trillion Yuan” initiative. Yi Lianhong, Secretary of the Provincial Party Committee and President of the Provincial People’s Congress, announced the start of these projects; Wang Hao, Deputy Secretary of the Provincial Party Committee and Governor of the province, delivered a speech, while Huang Lixin, Chairman of the Provincial Political Consultative Conference, also spoke at the event. As a venue in Taizhou, Linhai saw the commencement ceremonies for 3 major projects, with a total investment of 153.095 billion yuan. The largest of these projects is the Rongsheng Taizhou project, which involves an investment of 148 billion yuan and is aimed at producing 10 million tons per year of high-end chemical new materials; once completed, this project will help establish a new materials industry cluster worth hundreds of billions of yuan. Phase I of the project is located in the Hongjiayan area of the Taizhou Bay Economic and Technological Development Zone, where eight key industrial chains are planned to be established, along with corresponding storage and transportation facilities, docks, utility systems, and auxiliary production facilities. This project is the largest among the 99 major “Thousand Projects, Trillion Yuan” projects that are set to commence construction across the province this time.
Project for annual production of 10 million tons of high-end chemical new materials. Project owner: Rongsheng New Materials (Taizhou) Co., Ltd. Location: Taizhou Bay New Materials Industrial Park, Linhai City, Taizhou Province, Zhejiang Province. Nature of the project: new construction. Project details: Eight industrial chains will be established, namely high-end polyolefin projects, engineering plastic projects, biodegradable plastic projects, carbon reduction and green circular economy chains, high-performance resins, special rubbers and elastomers projects, special polyester projects, and fine chemicals projects. In May 2022, Rongsheng New Materials (Taizhou) Co., Ltd. was officially registered. It uses natural gas, ethane, and LPG as raw materials to carry out projects aimed at converting light hydrocarbons into olefins for use in downstream industries, with the goal of creating an integrated base for high-tech chemical new materials. This is the largest project in Taizhou’s history, and it has the potential to foster the development of a new materials industry cluster worth hundreds of billions of yuan. On May 14, 2023, Rongsheng Petrochemical’s official website published the second public notice regarding the environmental impact assessment for Rongsheng New Materials (Taizhou) Co., Ltd.’s project to produce 10 million tons per year of high-end chemical new materials.