Shandong Laina New Materials’ total investment amounts to 1.02 billion yuan for a project producing 92,000 tons per year of wind turbine blades, anti-reflective materials for photovoltaic applications, low-VOC coatings for automobiles, as well as resin additives

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Shandong Laina New Materials Technology Co., Ltd.’s 92,000 t/a production project for wind turbine blades, photovoltaic anti-reflective materials, low-VOCs coatings for automobiles, and resin additives. This project is located in the New Materials Industrial Park in Jinxiang County, Jining City, Shandong Province, and it is funded and constructed by Shandong Laina New Materials Technology Co., Ltd. The project covers an area of approximately 80 mu, and it includes the construction of 1 comprehensive building, 1 power workshop, 1 auxiliary building, 1 control room, 1 gas-fired heat transfer oil furnace room, 1 fire/floor circulation/regional power distribution room, 5 production workshops, 5 warehouses, 1 tank area/pump area/unloading area as well as a fire water tank area, a circulation pool, an accident pool, a initial rainwater pool, and various auxiliary facilities for waste gas treatment. The project will be implemented in three phases, and upon full completion and operation, it will have the capacity to produce 15,000 tons per year of environmentally friendly coatings for vehicles, 10,000 tons per year of coatings for wind turbine blades, 5,000 tons per year of anti-reflective coatings for photovoltaic systems, 10,000 tons per year of water-based coatings, 10,000 tons per year of acrylic resins, 20,000 tons per year of water-based industrial paint resins, 4,000 tons per year of saturated polyester resins, 15,000 tons per year of environmentally friendly thinners and curing agents, and 3,000 tons per year of coating additives. Upon completion of one of these phases, it will be possible to produce 10,400 tons per year of environment-friendly coatings with low VOC content, 6,000 tons per year of coatings for wind turbine blades, 3,000 tons per year of anti-reflective coatings for photovoltaic systems, 5,000 tons per year of water-based coatings, 3,000 tons per year of environmentally friendly curing agents, and 6,000 tons per year of environmentally friendly thinners. Additionally, 97.5 tons per year of solvents (such as xylene and butyl acetate) can be recovered. Upon completion of Phase 2, it will be possible to produce 4,600 tons of environment-friendly coatings with low VOC content. The facility will also be able to produce 4,000 tons of coatings for wind turbine blades per year, 2,000 tons of anti-reflective coatings for photovoltaic systems per year, 5,000 tons of water-based coatings per year, 2,000 tons of environmentally friendly curing agents per year, and 4,000 tons of environmentally friendly thinners per year. Additionally, 52.5 tons of solvents (such as xylene and butyl acetate) can be recovered each year. Upon completion of Phase 3, it will be possible to produce 34,000 tons of resin per year and 3,000 tons of coating additives per year. A total of 584 units of equipment were purchased, including mixing kettles, reaction kettles, air compressors, nitrogen generators, gas-fired organic heat carrier boilers, electrically heated heat transfer oil boilers, grinders, dispersers, and other devices. The total investment for the project is 1,015.39 million yuan.