On October 27, the concentrated opening and completion of major projects in Hezhou City in the fourth quarter of 2023 and the commissioning ceremony of the Guangxi Changhong Biodegradable Masterbatch Industrial Park project were held, hosted by Ning Changhong Polymer Technology Co., Ltd. ( The “Changhong Biodegradable Masterbatch Industrial Park Project” with a total investment of 3 billion yuan was officially put into production.
As a leading company in the new materials industry, Changhong Hi-Tech has always been firmly optimistic about the future development of the degradable plastics industry. The completion and commissioning of this project has further opened up the upstream and downstream industrial chains and promoted the company’s integrated degradable plastics full-coverage industrial chain layout to achieve breakthrough progress. .
Since its establishment, Changhong Hi-Tech has always focused on the field of styrenic thermoplastic elastomer TPES products, committed to realizing high-end R&D, production and sales capabilities of TPES, and continuously providing the market with high-performance, high value-added and environmentally friendly new materials. To replace traditional low-end, low environmental performance materials. At the same time, focusing on market development and policy trends, Changhong High-tech has gradually deepened its layout in the field of PBAT degradable materials, and now has formed an industrial development pattern driven by TPES and PBAT.
Calcium carbonate is a key raw material in the degradable industrial chain. However, calcium carbonate on the market has unfavorable factors such as uneven quality and different prices. In order to open up the upstream calcium carbonate masterbatch chain and get rid of the constraints of raw material supply on enterprise development, in December 2022, Changhong High-tech and the Hezhou Municipal People’s Government signed the “Changhong Biodegradable Masterbatch Industrial Park Project Investment Agreement” and adopted the establishment of Sun’s company, Guangxi Changhong Biomaterials Co., Ltd., invested in the construction of a new project “Changhong Biodegradable Masterbatch Industrial Park Project”.
Since the start of the project construction, Changhong Hi-Tech has aimed to build high-quality projects. The joint project participating units have fully adopted domestic advanced technology during the construction process, solidly and steadily promoted the project construction progress, and effectively ensured that the project was completed early, put into production early, and achieved early results. . With the industrial park completed and put into operation, the project will achieve an annual output of 1 million tons of high-end modified calcium carbonate, 1.2 million tons of functional masterbatch integrated projects, 100,000 tons of degradable products and agricultural mulch films, and will increase annual output value after reaching production. More than 10 billion yuan will not only help the company further improve the quality of degradable plastic products, enhance the cost and supply stability of calcium carbonate, but also drive an increase in employment and income for the local population, promote the optimization and upgrading of the local industrial structure and the improvement of industrial innovation capabilities, and move towards Develop in the direction of circular green development and distinctive advantageous industrial clusters.
In recent years, people’s awareness of environmental protection has been increasing day by day, and the national “plastic restriction order” policy has been continuously upgraded. Biodegradable plastic products have become an inevitable trend in the development of the industry. Degradable materials with PBAT as the mainstream are currently recognized in the world as fully biodegradable materials with the best comprehensive performance. They can effectively solve the problem of disposable plastic waste pollution and have huge market space in the future.
Changhong Hi-Tech has accumulated rich technology and talent reserves in the production of PBAT and other degradable plastic-related products. In 2020, the company invested in the construction of a 600,000-ton/year fully biodegradable thermoplastic industrial park PBAT/PBS/PBT flexible The scale of production projects ranks among the top in the country. Currently, the first phase of the 120,000 tons/year project has been completed and put into operation.
Chairman Tao Chunfeng said: “Changhong Hi-Tech has always adhered to the concept of green and low-carbon development, has formed an industrial development pattern in the field of thermoplastic elastomers and degradable materials, and is working hard to build an industrial chain with full coverage of upstream and downstream integration of degradable materials. layout and create a ‘one province, one base’ development plan. With the strong support of the local government, the degradation masterbatch project took only 220 days from the start of construction to the start of production, which fully reflects the speed of Hezhou and Changhong.”
With the advancement of the calcium carbonate degradation masterbatch project, Changhong Hi-Tech will completely open up the upstream and downstream integrated industrial chain from PBAT products, PBAT modification to degradable products, effectively reduce production costs and help the company develop degradable plastic products. The market seizes opportunities.
In the future, Changhong Hi-Tech will continue to deepen the layout of the integrated industrial chain of degradable plastics, actively explore more advanced new material technologies, produce lower-carbon and environmentally friendly high-quality products, further promote the development and application of degradable materials, and contribute to global ecological protection and The cause of sustainable development contributes to Changhong’s strength.
Project Overview
Project name: Changhong Biodegradable Masterbatch Industrial Park Project
Project implementation entity: Guangxi Changhong Biological Materials Co., Ltd. (tentative name, subject to approval by the industrial and commercial registration authority)
Project construction content: The project production land will be planned once and constructed in two phases. The first phase will build a high-end modified calcium carbonate production line with an annual output of 500,000 tons/year, a 300,000 tons/year degradation masterbatch production line, and a 300,000 tons/year shoe material masterbatch production line. The second phase is to build a high-end modified calcium carbonate production line with an annual output of 500,000 tons, a degradable masterbatch production line with an annual output of 300,000 tons, a shoe masterbatch production line with an annual output of 300,000 tons, and degradable products and agricultural mulch films with an annual output of 100,000 tons. Corresponding supporting warehouses, electricity, offices and other facilities.
Project construction period: The project is carried out in two phases, with a total construction period of 4 years.
Project investment amount: The total investment amount is estimated to be 3 billion yuan, which will be invested in two phases, with the investment amount in each phase being RMB 1.5 billion yuan
Source of funds: The company intends to passWith an investment of 300 million yuan from its own funds and 1.2 billion yuan from bank long-term project loans, the subsequent second-phase project will be rolled out through bank financing, capital market financing and other methods combined with the cash flow generated by the project itself after the first-phase project is put into production. development.
Project review
Changhong High-tech announced on the evening of October 9, 2022 that it plans to establish a Sun Company in Qingyang, Gansu Province to invest in the construction of a natural gas deep processing project, namely a project with an annual output of 600,000 tons of BDO (1,4-butanediol) and 300,000 tons of PBAT. This will open up an industrial layout that integrates the upstream and downstream of degradable plastics other than calcium carbonate, running through the industrial chain from BDO to PBAT products, PBAT modification to degradable products.
Changhong Hi-Tech announced on the evening of December 14, 2022 that its wholly-owned subsidiary Changhong Biotech plans to sign the “Changhong Biodegradable Masterbatch Industrial Park Project Investment Agreement” with the People’s Government of Hezhou City, Guangxi, and plans to invest 3 billion yuan in the construction of Changhong Biodegradable Masterbatch Industrial Park. Hong biodegradable masterbatch industrial park project.
On December 14, 2022, Changhong Hi-Tech announced that its wholly-owned subsidiary Changhong Biotech plans to sign an “Investment Agreement” with the Hezhou Municipal People’s Government and plans to establish a subsidiary, Guangxi Changhong Biomaterials Co., Ltd., as the investment entity. The Hong Biodegradable Masterbatch Industrial Park project is expected to have a total investment amount of 3 billion yuan, which will be invested in two phases, with an investment amount of 1.5 billion yuan in each phase. The investment must be reviewed and approved by the shareholders’ meeting before it can be officially launched.
On March 10, 2023, Ningbo Changhong Polymer Technology Co., Ltd. (referred to as “Changhong High-Tech”) announced that after the company’s subsidiary company, Guangxi Changhong, successfully obtained the land transfer No. HTC-2023-6 in Hezhou City, It marks that the “Changhong Biodegradable Masterbatch Industrial Park Project” has officially landed in Hezhou, Guangxi and entered the stage of full construction.
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