Jinan Shengquan’s 1 million tons per year biomass-based green chemical manufacturing demonstration project has been established in Yueyang, Hunan

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On February 26, Yueyang City and Jinan Shengquan Group Co., Ltd. signed a letter of intent for investment cooperation in a 1 million tons per year biomass-based green chemical industry demonstration project; the two parties will carry out in-depth cooperation in areas such as biomass utilization. Shengquan Group is a high-tech enterprise dedicated to the independent research, development, and innovative application of various plant straws and synthetic resins, as well as a leading company in the field of biomass chemicals. The 1 million tons per year biomass green chemical industry demonstration project under this agreement will utilize the locally abundant biomass reed resources to produce high-value-added new energy and new material products such as dissolving pulp, bio-based methanol, bio-based furfural, and lignin. The signing of this project in Yueyang will provide Shengquan Group with new opportunities for development, and it will also play a significant role in promoting the transformation and upgrading of the city’s chemical industry. Yunxi District and relevant departments must truly act as \"servers\" for project construction and enterprise development, strengthening support in areas such as funding, labor, and energy supply on all fronts, so as to help projects move faster from the planning stage to actual implementation and ensure prompt commencement of construction and achievement of full operational capacity. Yueyang boasts significant geographical advantages, a solid industrial foundation, and an excellent business environment, offering great potential for cooperation between the two sides. Shengquan Group is willing to act as a \"partner\" in Yueyang’s development, making every effort to advance project construction. It will establish deep collaborations with local enterprises, universities, and research institutions in Yueyang, foster innovative and coordinated industrial partnerships, and strive to create a biomass-based green industry cluster as well as model projects. During their visit to Yue, Tang Yilin and his team conducted on-site inspections of the reed resources in Junshan, as well as projects and enterprises related to caprolactam and Kaimen water-based products.