A signing ceremony for the Bio-based Materials Industrial Park, to be built in the Taixing Economic Development Zone, Taixing city, East China's Jiangsu province, was held on Jan 24.
With an investment of 10.6 billion yuan ($1.46 billion), the new industrial park is expected to produce 200,000 metric tons of bio-based polyurethane coatings, 100,000 tons of bio-based spandex fiber raw materials, 100,000 tons of bio-based nylon elastomers, and 100,000 tons of bio-based nylon fibers annually. Projections put its annual sales at 20 billion yuan.
A signing ceremony for the Bio-based Materials Industrial Park project takes place on Jan 24. [Photo/WeChat account: tzfabu]
Zheng Yuguo, an academician of the Chinese Academy of Engineering, attended the signing ceremony and said that the bio-based materials industry is an emerging industry with significant characteristics of new quality productive forces.
He hopes that Taizhou can gather the strength to build a strong industrial ecosystem, develop the industrial park into a distinctive and high-level professional park in its field, and transform it into a high-quality park with a high level of industrial agglomeration and great influence.
As one of the oldest fine chemical industrial parks in China, the Taixing EDZ boasts a high degree of industrial correlation and a strong development background.
Last year, it ranked among the top three chemical industrial parks in the country, providing a solid foundation and complete supporting facilities for the development of the bio-based material industry.