Zhejiang has 81 key sectors in the field of high-end new materials, with a total investment of 294.7 billion yuan
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(I) Zhoushan City (12 projects, with a total investment of 117.8 billion yuan) 1. Rongsheng New Materials (Zhoushan) Jintang New Materials Project: The investor is Rongsheng Petrochemical (002493). Location: Jintang Island, Dinghai District, Zhoushan City. Total investment: 76 billion yuan. Key aspects of the project: Construction of 27 production units capable of producing 1.2 million tons per year of ethylene, 800,000 tons per year of propylene, 600,000 tons per year of styrene, 400,000 tons per year of ABS, and 300,000 tons per year of polycarbonate (PC). The goal is to create the world’s largest single-site chemical materials manufacturing base, thereby expanding the downstream industrial chain related to refining and chemical processing. 2. Zhejiang Saibao Long’s project to produce 200,000 tons per year of MS polymer new materials: The investor is Zhejiang Saibao Long New Materials. Location of the facility: Liuheng Island, Zhoushan City. Total investment: 1.8 billion yuan. Core objective: To build a production line for methyl methacrylate-styrene copolymer (MS) with an annual capacity of 200,000 tons; the first phase with a capacity of 100,000 tons is scheduled to come online by 2027. The product features high transparency and high impact resistance, and is primarily used in high-end applications such as optical sheets, household appliance casings, and automotive interiors. 3. The project involves the construction of a facility by Zhonghong New Materials capable of producing 2.5 million tons of differentiated polyester fibers and 100,000 tons of polyester film annually. Project promoter: Zhonghong New Materials. Location: Putuo District, Zhoushan City. Total investment: 12.6 billion yuan. Key features: Upon completion, this will be the world’s largest production base for differentiated polyester fibers. It will also include advanced facilities for manufacturing high-end optical polyester film. The products generated will serve various sectors including high-end textiles, industrial yarns, optical films, and electronic-grade films, thereby enhancing the overall value added within the industrial chain. 4. Investor for Zhejiang Huanyang Xinghua Carbon Three Industry Chain Circular Economy Industrial Park Project: Zhejiang Huanyang Xinghua. Location: Daishan County, Zhoushan City. Total investment: 8.9 billion yuan. Core content: Establish a complete industrial chain for producing propylene via propane dehydrogenation and high-end polyolefins downstream; utilize circular economy techniques to achieve efficient use of raw materials and recycling of by-products, thereby reducing energy consumption and carbon emissions.
(II) Ningbo City (27 projects, with a total investment of 89.2 billion yuan)
1. Phase VI project for the production of distillate oil at CNOOC Ningbo Daxie Petrochemical:
Investor: CNOOC
Location: Daxie Development Zone, Ningbo City
Total investment: 7.8 billion yuan
Key components: Construction of facilities capable of producing 40,000 tons per year of ultra-high molecular weight polyethylene (UHMWPE) and 200,000 tons per year of high-density polyethylene. UHMWPE products are wear-resistant, corrosion-resistant, and impact-resistant, and are widely used in high-end fields such as mining, metallurgy, medical care, and military applications. 2. Investment project for special new materials involving cycloolefin polymers (COP): The investors are state-owned assets from the Ningbo Petrochemical Economic Development Zone and local enterprises. Location: Zhenhai District, Ningbo. Total investment: 1.536 billion yuan. Key details: Construction of China’s first mass-production line for COP with a capacity of 10,000 tons per year (Phase I will have a capacity of 5,000 tons/year). This project aims to fill the domestic gap in optical-grade and semiconductor-grade COP materials. COP is known as the \"gold of optics\" and is used in optical lenses, AR/VR devices, medical supplies, semiconductor packaging, etc., as managed by the Ningbo State-owned Assets Supervision Commission. 3. Beifang Special Gases (Zhejiang) Integrated Project for Silicon-Based New Materials and Third-Generation Semiconductor Materials (Phase I): Investor – Beifang Special Gases; Location – Beilun District, Ningbo City; Total investment – 4.2 billion yuan. Key aspects of the project: Annual production of 61,000 tons of electronic specialty gases and silicon-based epitaxial materials. The products include high-purity specialty gases and electron-grade silicon materials, providing comprehensive support for the third-generation semiconductor industry (silicon carbide, gallium nitride) and ensuring the security of the semiconductor industry’s supply chain.
1. Phase VI project for the production of distillate oil at CNOOC Ningbo Daxie Petrochemical:
Investor: CNOOC
Location: Daxie Development Zone, Ningbo City
Total investment: 7.8 billion yuan
Key components: Construction of facilities capable of producing 40,000 tons per year of ultra-high molecular weight polyethylene (UHMWPE) and 200,000 tons per year of high-density polyethylene. UHMWPE products are wear-resistant, corrosion-resistant, and impact-resistant, and are widely used in high-end fields such as mining, metallurgy, medical care, and military applications. 2. Investment project for special new materials involving cycloolefin polymers (COP): The investors are state-owned assets from the Ningbo Petrochemical Economic Development Zone and local enterprises. Location: Zhenhai District, Ningbo. Total investment: 1.536 billion yuan. Key details: Construction of China’s first mass-production line for COP with a capacity of 10,000 tons per year (Phase I will have a capacity of 5,000 tons/year). This project aims to fill the domestic gap in optical-grade and semiconductor-grade COP materials. COP is known as the \"gold of optics\" and is used in optical lenses, AR/VR devices, medical supplies, semiconductor packaging, etc., as managed by the Ningbo State-owned Assets Supervision Commission. 3. Beifang Special Gases (Zhejiang) Integrated Project for Silicon-Based New Materials and Third-Generation Semiconductor Materials (Phase I): Investor – Beifang Special Gases; Location – Beilun District, Ningbo City; Total investment – 4.2 billion yuan. Key aspects of the project: Annual production of 61,000 tons of electronic specialty gases and silicon-based epitaxial materials. The products include high-purity specialty gases and electron-grade silicon materials, providing comprehensive support for the third-generation semiconductor industry (silicon carbide, gallium nitride) and ensuring the security of the semiconductor industry’s supply chain.
(III) Shaoxing City (16 projects, with a total investment of 47.1 billion yuan)
1. Zhejiang Ruixiang Electronic Materials’ Integrated Project for the Comprehensive Utilization of Alkane Resources, with an annual production capacity of 600,000 tons (Phase I)
Investor: Zhejiang Yuanjin New Materials
Construction site: Shangyu District, Shaoxing City
Total investment: 11 billion yuan
Core components: Construction of two propane dehydrogenation units each with a capacity of 750,000 tons per year, as well as two polypropylene production units each with a capacity of 300,000 tons per year. Leveraging high-quality alkane resources, this project aims to produce high-end polypropylene and its downstream modified materials, serving industries such as automotive, home appliances, and medical packaging. 2. Zhejiang Sanmei Chemical’s project to produce 90,000 tons per year of epichlorohydrin, 20,000 tons per year of HFO-1234yf, and 20,000 tons per year of PVDF. The investor is Sanmei Co., Ltd. (603379). The project is located in Wuyi County, Shaoxing City. The total investment amount is 1.57 billion yuan. The main objectives of this project are to produce third-generation environmentally friendly refrigerants such as HFO-1234yf, PVDF binders for lithium batteries, and epichlorohydrin, thereby entering high-growth sectors such as new energy vehicles, energy storage, and air conditioning. 3. Zhejiang Blue Bio’s 300,000 tons per year sustainable aviation fuel (SAF) production project: Project owner – Zhejiang Blue Bio; Location of construction – Keqiao District, Shaoxing City; Total investment – 4.2 billion yuan. Core aspects of the project: Production of sustainable aviation fuel using bio-based raw materials, creation of the largest SAF production facility in China, contribution to achieving carbon neutrality in the aviation industry; the product meets international standards for sustainable aviation fuel.
1. Zhejiang Ruixiang Electronic Materials’ Integrated Project for the Comprehensive Utilization of Alkane Resources, with an annual production capacity of 600,000 tons (Phase I)
Investor: Zhejiang Yuanjin New Materials
Construction site: Shangyu District, Shaoxing City
Total investment: 11 billion yuan
Core components: Construction of two propane dehydrogenation units each with a capacity of 750,000 tons per year, as well as two polypropylene production units each with a capacity of 300,000 tons per year. Leveraging high-quality alkane resources, this project aims to produce high-end polypropylene and its downstream modified materials, serving industries such as automotive, home appliances, and medical packaging. 2. Zhejiang Sanmei Chemical’s project to produce 90,000 tons per year of epichlorohydrin, 20,000 tons per year of HFO-1234yf, and 20,000 tons per year of PVDF. The investor is Sanmei Co., Ltd. (603379). The project is located in Wuyi County, Shaoxing City. The total investment amount is 1.57 billion yuan. The main objectives of this project are to produce third-generation environmentally friendly refrigerants such as HFO-1234yf, PVDF binders for lithium batteries, and epichlorohydrin, thereby entering high-growth sectors such as new energy vehicles, energy storage, and air conditioning. 3. Zhejiang Blue Bio’s 300,000 tons per year sustainable aviation fuel (SAF) production project: Project owner – Zhejiang Blue Bio; Location of construction – Keqiao District, Shaoxing City; Total investment – 4.2 billion yuan. Core aspects of the project: Production of sustainable aviation fuel using bio-based raw materials, creation of the largest SAF production facility in China, contribution to achieving carbon neutrality in the aviation industry; the product meets international standards for sustainable aviation fuel.
(IV) Hangzhou City (8 projects, with a total investment of 18.7 billion yuan) 1. Zhejiang Heyuan Precious Metals Co., Ltd. – The entity responsible for investing in precious metals projects. Location: Fuyang District, Hangzhou City. Total investment: 2.8 billion yuan. Core activities: Refining precious metals such as platinum, palladium, and rhodium, as well as producing high-end catalyst materials. These products are used in areas such as automobile exhaust purification, petrochemicals, fine chemicals, and new energy sectors, thereby enabling efficient recycling of precious metal resources. 2. The project involves the annual production of 2,000 tons of high-performance porous carbon and 200 MWh of supercapacitors by Guoke Tanmei New Materials. Project sponsor: Guoke Tanmei New Materials. Construction location: Hangzhou City, Huzhou City. Total investment: 1.6 billion yuan. Core activities: Research, development, and production of high-performance porous carbon materials for supercapacitors as well as energy storage systems. The products feature high power output, long service life, and resistance to extreme temperatures; they are utilized in fields such as new energy vehicles, rail transit, and grid frequency regulation. 3. Purolite’s annual 32,000-ton production project for functional new materials
Investor: Purolite (China)
Location: Linping District, Hangzhou
Total investment: 1.2 billion yuan
Core contents: The project involves the production of high-end ion exchange resins and water treatment functional materials. These products are utilized in various applications such as industrial water treatment, food processing, biomedicine, and the preparation of electronic-grade ultrapure water, thereby enhancing the efficiency of water resource recycling and utilization.
Investor: Purolite (China)
Location: Linping District, Hangzhou
Total investment: 1.2 billion yuan
Core contents: The project involves the production of high-end ion exchange resins and water treatment functional materials. These products are utilized in various applications such as industrial water treatment, food processing, biomedicine, and the preparation of electronic-grade ultrapure water, thereby enhancing the efficiency of water resource recycling and utilization.
(V) Other key projects in other cities (8 projects, with a total investment of 11.9 billion yuan): 1. Zhejiang Yaoruixing Green Intelligent Manufacturing Demonstration Industrial Park. Project owner: Zhejiang Yaoruixing. Location: Quzhou City. Total investment: 3.5 billion yuan. Core focus: Research and development as well as manufacturing of high-end green chemical materials; establishment of a circular economy industrial chain; use of smart factories and green manufacturing processes to create a benchmark for the new materials industry in western Zhejiang. 2. Zhejiang Zhongke Ciji Industry’s project to produce 20,000 tons of energy-saving motor magnets and 6,000 tons of high-performance neodymium-iron-boron magnets per year. Project owner: Zhongke Ciji Industry (301141). Location of construction: Dongyang City, Jinhua Province. Total investment: 1.8 billion yuan. Core objectives: To produce high-performance permanent magnet materials for use in new energy vehicles, wind power generation, and energy-saving household appliances; to improve the magnetic energy density and temperature stability of these magnets, thereby contributing to the development of the efficient and energy-saving motor industry. 3. Weibojie Caprolactone and Polycaprolactone (PCL) Production Base Project
Investment entity: Weibojie New Materials
Construction location: Taizhou City
Total investment: 2.2 billion yuan
Core content: To establish a complete industrial chain for the biodegradable plastic polycaprolactone (PCL). The products will be used in biomedical materials, 3D printing, eco-friendly packaging, agricultural films, etc., thereby promoting the domestic substitution of biodegradable materials.
Investment entity: Weibojie New Materials
Construction location: Taizhou City
Total investment: 2.2 billion yuan
Core content: To establish a complete industrial chain for the biodegradable plastic polycaprolactone (PCL). The products will be used in biomedical materials, 3D printing, eco-friendly packaging, agricultural films, etc., thereby promoting the domestic substitution of biodegradable materials.
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