With a total investment of 6 billion yuan, the new Supor project has been officially signed

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With a total investment of 6 billion yuan, a new project for Sopu has been officially signed. Author/Source: Coal Chemical Industry Information Network. Date: 2023-08-14. Clicks: 4. Sopu Group is accelerating its transition from the basic chemicals sector to the new materials industry. Not long ago, the Suopu Vinyl Acetate and EVA project, with a total investment of 6 billion yuan, was officially signed. The implementation of this project is a key step for the Thorpe Group in making use of the idle land resources in the new area; it enables the development of high-end new materials by expanding its product range from acetic acid to downstream products such as vinyl acetate and EVA. It is understood that the vinyl acetate and EVA projects in Suo Pu utilize the vinyl acetate process technology provided by DuPont in the United States to convert acetic acid into vinyl acetate and EVA resins that offer good profit margins. In particular, the photovoltaic-grade EVA resin with a 28% content meets the requirements of **clean energy policies as well as the goals of carbon peak and carbon neutrality, thus offering broad market prospects. The project is in line with the planning of the New Materials Industrial Park, which focuses on a industrial chain centered around \"high-performance new materials\"; it also represents the \"chain-oriented approach\" adopted in attracting industrial projects to Zhenjiang New Area. Since the beginning of this year, Zhenjiang New Area has, in the process of attracting projects, focused on the growth potential of such projects and made efforts to bring in those with high growth potential. It has paid close attention to projects that involve the integration of the industrial chain, innovation chain, supply chain, talent chain, and capital chain. At the same time, it has implemented the principle of evaluating projects based on factors such as output per unit area, efficiency, energy consumption, and environmental impact. Precise allocation of resources such as energy consumption, environmental considerations, land use, infrastructure, and policies has been ensured, so that valuable resources are directed toward projects that offer high levels of innovation, quality, and sustainability. The successful signing of this project also marks a new breakthrough in the attraction of projects in Zhenjiang New Area. In the first half of the year, Zhenjiang New Area signed 50 projects with investment amounts exceeding 100 million yuan, resulting in a total agreed investment of 25.23 billion yuan – representing year-on-year increases of 51.5% and 164% respectively ； Among the projects under contract, there are 19 projects with a total investment of over 300 million yuan, accounting for 38% of the total. Of these, 9 projects have an investment of 100–300 million yuan, and 2 projects have an investment of over 300 million yuan – figures that are 3 times and 2 times respectively higher than those in the same period last year.