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Announcement on 110,000 tons/year high-end nylon project! On December 16, 2024, the first public announcement regarding the environmental impact assessment for Xin Nanshan Chemical (Lijin) Co., Ltd.’s project to produce 110,000 tons per year of high-end nylon materials was made. Project Name: New Nanshan Chemical (Lijin) Co., Ltd.’s Project for Producing 110,000 Tons per Year of High-End Nylon New Materials. Location: North of Yinhai Fifth Road, South of Yinhai Sixth Road, East of Diding Road, and West of Jinhe First Road, within the Chemical Industry Park in Lijin Binhai New Area, Dongying City, Shandong Province. Construction contents: The new construction mainly includes 1 set of salt production facility with an annual capacity of 60,000 tons, 1 set of facility for producing new nylon 66 material with an annual capacity of 40,000 tons, 1 set of facility for producing new nylon 6 material with an annual capacity of 70,000 tons, along with the accompanying auxiliary facilities. Xin Nanshan Chemical (Lijin) Co., Ltd. was established in 2024 and is 100% owned by Nanshan’s controlling shareholder. It is reported that Nanshan Holdings has currently invested in the New Nanshan Chemical High-End Chemical Industrial Park in Lijin. The New Nanshan Chemical High-End Chemical Industry Park is aimed at achieving high standards, differentiation, and sustainability. With \"the expansion of the olefin industry chain\" and \"the deep processing of petroleum products\" as its two main focus areas, it develops four key sectors: new chemical materials, fine chemicals, additives and catalysts, and advanced processing of plastics and rubbers. Projects related to new intermediates, integrated production of high-end nylons, and high-performance new materials are planned, along with downstream application projects for each of these four sectors. Once the project is put into operation, its annual output value is expected to reach 11 billion yuan. The methylethanolamine project, for which 300 million yuan was invested in the initial phase of development in this industrial park, as well as the nylon project with a total investment of around 2 billion yuan, will see continued acceleration in efforts to build, complete, extend, and strengthen the industrial supply chains.