Signing of project for Zoushan Puerene Crystalline Polyolefin: total investment of 5 billion yuan for a facility capable of producing 140,000 tons per year of high-molecular-weight polyethylene fibers

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Deal signed for 140,000 tons/year high-molecular-weight polyethylene fiber project! On the afternoon of March 14, 2025, a delegation from Zhoushan City visited the construction site of Puerjing’s facility in Jinshan, Shanghai, and signed an agreement for the Puerjing polyolefin specialty materials project on the spot. It is understood that the Park Eui-jing polyolefin specialty materials project has a total investment of 5 billion yuan, with plans to build three production lines in phases, focusing on high-molecular-weight polyethylene specialty materials, ultra-high-purity polyethylene wax, and ethylene-vinyl alcohol copolymers. For the first phase, an investment of 1.7 billion yuan is planned, with a land area of 257 mu; it will be located within the Xiaoguoju Green Petrochemical Expansion Area. The facility will mainly consist of a production line for high-molecular-weight polyethylene fibers with an annual capacity of 140,000 tons, along with supporting facilities. Once operational, it is expected to generate an annual output value of 2.1 billion yuan and annual tax revenues of 120 million yuan. Additionally, the special polyolefin materials project for new energy applications developed by Pukuijing in Shanghai has made new progress. It is reported that recently an important milestone was reached in the construction of this project: the main building was successfully completed, marking the official entry into the equipment installation phase. To ensure the smooth progress of the project, the company has officially launched a \"100-Day Campaign.\" The team will go all out and work diligently for 100 days to ensure the project is delivered ahead of schedule, thereby laying a solid foundation for the successful operation of the chemical industry zone project. In April 2024, the \"Special Polyolefin Materials for New Energy\" project developed by Puyi Jing New Energy Materials (Shanghai) Co., Ltd. began construction in the Shanghai Chemical Industry Park. The total investment in this project is 2.25 billion yuan, and it is planned to be built in two phases. Phase 1 is scheduled to have a production capacity of 140,000 tons, with commissioning expected in the third quarter of 2025; construction of Phase 2 will begin during the same period, with commissioning anticipated in the third quarter of 2026. Once all the facilities are in operation, the production capacity for ultra-pure, high-purity high-molecular-weight polyethylene will reach 280,000 tons per year. Last month, Pukuijing also signed a contract for a project aimed at producing 30,000 tons per year of specialized polyethylene membranes for high-performance wet-type lithium batteries. In February 2025, Longpu Technology, a subsidiary of Pukuijing, entered into an agreement with Qujiang District in Quzhou City, announcing that the facility for producing 30,000 tons per year of such specialized membranes would be established in Quzhou’s Circular Economy Industrial Park.