On August 25, 2021, the government of Luozhuang District (Linyi, Shandong) and Jutai Group held a signing ceremony for a new bio-based materials project.
The bio-based new materials project is proposed to be located at the Luozhuang Economic Development Zone, Linyi City, with a total floor area of around 510 Mu and a total investment of RMB 5 billion. It plans to build 200,000 MT/year polylactic acid capacity with the related facilities, as well as 200,000 MT/year succinic acid capacity. After the project is built up, a total output value of RMB 6.77 billion can be achieved, with profit tax of RMB 2.18 billion.
Jutai Group is a private enterprise with the key products such as methanol, olefin, glycol, aromatics, etc. It has built up the 1.2 million MT/year methanol project and the 600,000 MT/year polyolefin project. The 1 million MT/year glycol project at the Toketo Industrial Park (Hohhot, Inner Mongolia) and the 1.2 million MT/year glycol project at the Dalu Industrial Park (Erdos, Inner Mongolia) are currently being built. In order to enlarge and strengthen the modern coal-based new energy and new materials industry and promote the extension of entire industrial chain, Jutai Group plans to build the aromatics and PTA polyester new materials projects at Toketo Industrial Park.
Source: TK bio-based materials, National Coal Chemical Website, Jutai Group, Chemical New Materials.