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On February 17, 2025, the People’s Government of Shandong Province announced the list of major provincial projects for that year, and the project of Zhongtan and Bio-based Materials (Binzhou) Co., Ltd. to produce 50,000 tons of polylactic acid fibers per year was included in this list. This means that the project will receive additional policy support. The project is located in the Lugang Logistics Park in Heliu Town, Yangxin County, within the 50,000-ton per year polylactic acid fiber production facility of Zhongtan and Bio-based Materials (Binzhou) Co., Ltd., with a total investment of around 1 billion yuan. Phase 1 of the project is currently in progress. The first phase is designated as BZYXGC-2024-065, with a total construction area of 26,053.30 square meters. It includes a R&D center, staff dormitories, standardized factory buildings, production facilities, warehouses, and a security gatehouse. The planned investment is approximately 124.568 million yuan, with a construction period of 300 calendar days. The scope of the tender includes Engineering, Procurement, and Construction (EPC), covering all aspects such as surveying, design, construction, and procurement. For one of the bid segments, the winning bidder was determined on January 15, 2025; a consortium composed of Yangxin County Chengxin Construction Engineering Co., Ltd., Wuhan Yida Hongchuang Automation Engineering Co., Ltd., and Binzhou City Architectural Design Institute Co., Ltd. won the bid, with the bid amount totaling 123,399,890.64 yuan. On August 22, 2024, Zhongtan He Company visited Yangxin County to inspect the office space for the project. Zhongtan and Bio-based Materials (Binzhou) Co., Ltd. was established in July 2024 with a registered capital of 47 million yuan. It focuses on the field of bio-based materials; Xu Jianping serves as its legal representative. Zhongtan and Bio-based Materials (Shandong) Co., Ltd. holds 65% of the shares and is thus the largest shareholder, while Shandong Huangsanjiao Land Port Industrial Park Investment and Development Co., Ltd., which is affiliated with a local government investment agency, holds 35% of the shares and is the second-largest shareholder.