On the morning of March 29th, the foundation stone laying ceremony for the bio-plastics R&D and production base of Wuhan Huali Environmental Protection Technology Co., Ltd., the world's largest and the world's second largest starch-based bioplastics leader, was held in Wuhan Jiangxia Xingfu Industrial Park.
The project covers an area of 54 mu and the total construction area is 28,000 square meters. After the project is completed, it will become the largest bio-plastics R&D and production base in China, with an annual output of 60,000 tons of PSM bio-plastics, and the annual output value will exceed 800 million yuan. After the completion of the new base, the total production capacity of the PSM bioplastics of the gorgeous environmental protection company will reach 100,000 tons, and the annual total output value is expected to reach 1.5 billion yuan. The construction of the base is a gorgeous and environmentally friendly response to the call of the Municipal Party Committee and the Municipal Government's multiplication plan to enlarge and strengthen the industrial chain. It is also an important measure to promote the use of environmentally friendly green bioplastics in the promotion of the two types of society in Wuhan.
It is understood that in today's global oil prices remain high, non-renewable petroleum resources are becoming increasingly tense. The consumption of limited petroleum resources by various traditional petroleum-based plastics, the pollution of the human environment and the harm of plasticizers to human health are increasing. In the background, environmentally-friendly bio-plastics, mainly made from natural renewable biomass, as a substitute for traditional petroleum-based plastics with a market size of more than US$400 million, are strongly demonstrating their vitality and huge market. Expansion capacity. This move will further consolidate its leading position in the domestic bio-plastics industry. After the completion of the new base, it will play a good role in demonstrating and driving the domestic bio-plastics industry.