Globalpu News: Recently, Junzheng Group stated on the investor interaction platform that in May 2021, the company's board of directors will invest in the company's wholly-owned subsidiaries to invest in the construction of green environmental protection The first-phase project of the degradable plastic recycling industry was reviewed, and the company's wholly-owned subsidiary was approved to invest in the construction of the first-phase project of the green and environmentally friendly degradable plastic recycling industry, which was approved by the 2020 annual general meeting of shareholders.

At present, the project has obtained the review opinions of the NDRC filing documents and energy saving report. The first phase of the project will build a PBAT/PBS/PBT/PTMEG co-production plant with an annual output of 1 million tons, a BDO plant with an annual output of 600,000 tons, a carbon-based material hydrogen production plant, and an annual output of 800,000 tons of formaldehyde synthesis (55%wt) and other devices, the total investment of the project is expected to be 20.7 billion yuan, which will be invested successively with the project construction. Through the deep coupling of the above coal coking chemical industry and chlor-alkali chemical industry, the maximum utilization of resources and energy can be realized, the development goal of "extending the chain, supplementing the chain, and strengthening the chain" can be realized, and the green coupling and upgrading of the coking industry and the degradable plastics industry can be realized. , which helps to ensure the long-term competitiveness of the project.

Regarding the project construction risk, the company has fully reminded in the "Announcement of Junzheng Group on the Company's Wholly-owned Subsidiary's Plan to Invest in the Construction of the Phase I Project of the Green Environmental Protection Degradable Plastic Recycling Industry". For details, please refer to the company's announcement on May 7, 2021. The "Announcement of Junzheng Group on the Company's Wholly-owned Subsidiary's Plan to Invest in the Construction of the Phase I Project of the Green and Environmentally Friendly Degradable Plastic Recycling Industry" disclosed on the website of the Shanghai Stock Exchange.

Up to now, the company's investment and construction of the first phase of the degradable plastic recycling industry project related to production capacity integration, production factor preparation, production equipment bidding, personnel recruitment and other work are progressing in an orderly manner, involving formaldehyde, BDO, PTMEG process packages and other contracts have been completed. The contract has been signed, and the relevant design work has started; the bidding work for the main equipment has also been completed, and the site is currently being sorted out.