AURELIUS Private Equity Mid-Market Buyout announced the acquisition of Teijin Automotive Technologies North America ('TAT-NA'). TAT-NA is one of the leaders in advanced composite materials technology for the automotive, heavy truck, marine, and recreational vehicle sectors, under its ultimate parent company, Teijin Limited. This acquisition is the first deal advised by AURELIUS' New York investment consulting team just a few months after opening its North American market office. Producing advanced composite materials components for automobiles TAT-NA is headquartered in Auburn Hills, Michigan, with approximately 4,500 employees and annual revenues exceeding $1 billion. The company has 14 branches in the United States and Mexico, specializing in the development and production of advanced composite parts for the global automotive and transportation industries. TAT-NA's vertically integrated operational model and market-leading scale provide reliable assets and capabilities to maintain long-term supply relationships with major OEMs in North America.AURELIUS will provide new growth opportunities for the standalone TAT-NA business, whose unique, durable lightweight composite products are independent of the powertrain and thus well-suited to meet the long-term demand for Class A and structural vehicle components."Teijin Automotive Technologies North America has a long history of supplying major players in the North American automotive industry. We are particularly proud of this acquisition, as it is the first deal advised by our recently opened New York office. Our operations consulting team's experts will focus on providing a range of value creation plans across the entire production base network, while driving operational excellence through improved quality and efficiency," said Stephan Mayerhausen, Managing Director of AURELIUS Investment Advisory and head of AURELIUS's New York office."When we look to the future with the resources and support of the AURELIUS team, we are excited about the opportunities," said TAT-NA CEO Chris Twining. "The AURELIUS Operations Consulting team is committed to ensuring we remain at the forefront of the market, and I look forward to working with them to continue developing new material technologies while improving our operations, efficiency, and quality."AURELIUS is advised by Mizuho’s M&A team, Baker McKenzie (legal), EY (financial and tax), AON (insurance), and Ramboll (environmental).

International News Digest:Raw Material News - Shell Completes Sale of Refining and Chemical Assets in SingaporeKorean KG Mobility Teams Up with Chery Automobile to Develop Mid-to-Large-Sized SUVPackaging News - 9 million tons of plastic pressure, Vietnam's 870 trillion beverage market faces green packaging transformation!Exhibition Highlights - The RePlast Eurasia Expo will be held in Turkey in May, gathering pioneering forces in the plastic recycling industry.Equipment News - Swiss Auto Injector Manufacturer Invests $220 Million to Build Factory, Entering the U.S. Auto Injection Equipment MarketMarket News - Brazilian Congress Plans to Draft Legislation to Counter Unilateral Trade ActionsMarket Price News - Ethylene Asia: CFR Northeast Asia $855/ton; CFR Southeast Asia $920/ton Here is the translated content:The following is an overview of international news:Shell completes sale of Singapore refining and petrochemical assetsOn April 1, Shell announced that it had completed the sale of its Singapore Energy and Chemicals Park to a joint venture formed by Glencore and Indonesian chemical manufacturer PT Chandra Asri Pacific. Specific financial details were not disclosed. Shell announced the transaction on May 8, 2024. The Singapore Energy and Chemicals Park includes refining and chemical assets located on Pulau Bukom and Jurong Island. The assets on Pulau Bukom include a refinery with a capacity of 237,000 barrels per day, which was established in 1961, and an ethylene cracker with an annual capacity of 1.1 million tons.2. BASF Launches New High-Temperature Nylon Product!Recently, BASF has further expanded its Ultramid® Advanced T1000 series products for durable components requiring special thermal management. This product series is developed based on polyamide 6T/6I resins, and the latest additions include optimized products with high hydrolysis resistance (HR) and high purity (EQ, or electronic grade). The newly developed HR and EQ grades exhibit excellent high strength and high rigidity at elevated temperatures, while also demonstrating outstanding creep resistance and good compatibility with coolants. Their overall performance significantly surpasses that of standard polyamide grades and many other PPA products available on the market.3. In May, the RePlast Eurasia Exhibition will land in Turkey, bringing together pioneering forces in the plastic recycling industry.RePlast Eurasia, as Turkey's first and only exhibition focused on the plastic recycling industry, holds a unique position in the industry. From May 8 to 10, 2025, the exhibition will once again gather leading brands and authoritative experts from the global recycling field. The event is jointly organized by Tuyap and the PAGCEV Association, dedicated to showcasing cutting-edge technological innovations in every aspect of the plastic recycling process. During the exhibition, visitors will have the opportunity to explore hundreds of products and service types, including raw materials, equipment (including advanced waste sorting equipment), recycling technologies, collaboration resources from waste collection and sorting companies, professional design agencies, and consulting services.4. The United States has made a final ruling on the anti-dumping and countervailing duties for epoxy resin, with the dumping margin for Chinese producers/exporters at 354.99%.On March 31, 2025, the U.S. Department of Commerce issued an announcement, making the final ruling on anti-dumping duties for epoxy resins imported from China, India, South Korea, Thailand, and Taiwan, China. Due to the lack of participation in the response from Chinese enterprises, the dumping margin for producers/exporters from China was determined to be 354.99%, while for producers/exporters from India it was 12.69%-15.68%, for those from South Korea it was 5.62%-7.59%, for those from Thailand it was 5.25%, and for those from Taiwan, China it was 10.93%-26.98%.5. Korea's KG Mobility Collaborates with Chery Automobile to Develop Mid-to-Large SUVsOn April 2nd, it was reported that South Korean automaker KG Mobility announced today that it held a joint development signing ceremony for mid-to-large SUV models with Chery Automobile in Wuhu, Anhui yesterday. The two parties will strengthen technical cooperation to promote future development. This signing ceremony follows the strategic partnership and platform licensing agreement signed with Chery in October last year, marking a concrete plan for substantive collaboration. Both sides will jointly develop mid-to-large SUVs for domestic and international markets and enhance cooperation in areas such as autonomous driving and software-defined vehicle E/E architecture (electrical/electronic hardware and software, etc.).6. Plastic Parts manufacturer Pittsfield Plastics installs a 1600-ton injection molding machine to produce PE parts.Injection molder Pittsfield Plastics Engineering (PPE) has announced the installation of a new 1,600-ton Jupiter 14000 injection molding machine from Absolute Haitian Corp. for large-part molding. The press, along with associated robotics and auxiliary equipment, will allow PPE to meet the needs of its latest customer, a manufacturer of septic products and services for the residential and commercial sanitation waste industry.7. Swiss automatic injector manufacturer invests $220 million to build a factory, entering the U.S. automatic injection molding equipment market.SHL Medical, a syringe manufacturer based in Switzerland, officially opened its most advanced new manufacturing plant in North Charleston, South Carolina. SHL Medical stated that the expansion, first announced in summer 2022 with an investment of $220 million, contributed to the local economy and created hundreds of new jobs in the area.8. 9 million tons of plastic pressure, Vietnam's 870 trillion beverage market faces green packaging transformation!The Vietnam Beer-Alcohol-Beverage Association (VBA) highlights that packaging plays a pivotal role in the modern economy by safeguarding products throughout the complex supply chain from production to consumption. It serves as a vital medium for brand communication and is crucial to the efficiency of the entire production and consumption system. Particularly for an economy like Vietnam, which boasts robust exports and strong domestic demand, the healthy development of the packaging industry holds strategic significance. Data from Nguyen Thanh Giang, General Director of Tetra Pak Vietnam, indicates the packaging industry's immense growth potential: Vietnam's food and beverage sector is projected to achieve a compound annual growth rate (CAGR) of 10.3% by 2027, with the market size reaching 872.9 trillion Vietnamese dong. This powerful market momentum not only demands expanded production capacity in the packaging industry but also raises higher expectations for innovation, functionality (such as aseptic preservation), design, and sustainability. Overseas macro market information:【Brazilian Congress Proposes Bill to Counter Unilateral Trade Actions】 On April 1 local time, the Economic Affairs Committee of the Brazilian Senate unanimously passed a proposal titled the "Economic Reciprocity Bill," aimed at authorizing the Brazilian government to take countermeasures when its foreign trade interests are harmed. Since this bill adopts a fast-track mechanism, it will bypass a full Senate vote and be directly submitted to the House of Representatives for deliberation.【Tesla European Sales Plunge】 Tesla electric vehicles have seen a sharp decline in sales in several European markets due to dissatisfaction with CEO Elon Musk and a boycott of his company's products, as well as reduced appeal after being on the market for many years. According to a report by Agence France-Presse on April 1, data from the French automotive manufacturer and sales platform showed that in March, Tesla's sales in France fell by 36.8% year-on-year amidst a slight dip in the overall French electric vehicle market. Swedish data indicated that Tesla's sales in March dropped by 63.9% year-on-year, and by 55.2% in the first quarter. In Denmark, Tesla's sales in the first quarter declined by 56% year-on-year.Goldman Sachs: Downgrades forecast for 10-year Japanese government bond yield by the end of 2025 to reflect U.S. recession risks; yen is the preferred tool to hedge against U.S. recession and tariff risks. Goldman Sachs' research team stated in a report that it has lowered its forecast for the 10-year Japanese government bond yield by the end of 2025 from the previous 1.60% to 1.50% to reflect the increased risk of a U.S. economic recession. Goldman Sachs noted that the rising risk of such an outcome may affect market pricing of the Bank of Japan's continued tightening policy. Goldman Sachs stated: "The downward trend in the stock market and relatively low U.S. economic growth also tilt the risks towards a stronger yen."Goldman Sachs expects the yen to strengthen to the lower end of the 140 zone against the dollar this year, as concerns around US growth and trade tariffs will boost demand for the yen. It believes that if the risk of a US economic recession increases, the yen will be the best hedge for investors.On April 1st local time, the Mexican government issued a statement saying that President Sheinbaum held his first telephone conversation with new Canadian Prime Minister Carney on the same day, during which both sides reached a consensus on the importance of maintaining economic competitiveness in North America. The statement noted that the leaders of the two countries agreed to continue dialogue to promote the process of regional economic integration while respecting the sovereign rights of member states. The Canadian government's statement described the leaders' call as productive, stating that Canada and Mexico are committed to deepening trade relations and jointly building a stronger economy.【Japanese Rice Prices Hit 12th Straight Week of Record Highs, Average Price per Bag Exceeds 200 Yuan】Latest statistics from Japan’s Ministry of Agriculture, Forestry and Fisheries show that the average price of a 5-kilogram bag of regular rice in Japan is 4,197 yen (approximately 204 yuan RMB), which is about twice the price of the same period last year, marking 12 consecutive weeks of record highs. Japanese Prime Minister Shigeru Ishiba stated on April 1st that if necessary, the government will release more reserve rice into the market to stabilize prices.【Canada to Avoid Tariff Retaliation That Could Affect Domestic Jobs and Drive Up Prices】 Canada will refrain from implementing tariff countermeasures that could impact domestic employment and increase prices, according to two federal trade advisors. The country will not impose retaliatory tariffs on most U.S. food products and other essential goods.Finland has announced that it will completely shut down coal-fired power plants this spring. On April 1, the Finnish government stated that as two energy companies gradually close all coal-fired power plants, Finland will fully stop using coal in energy production this year. The Finnish government indicated that in the future, energy companies will rely on electric boilers, heat pumps, energy storage, biomass energy, and waste heat recovery to produce thermal energy, while the focus of electricity generation will shift to wind, nuclear, hydro, and solar energy.【MOFCOM Extends Anti-Dumping Investigation on Imported Brandy from EU to July 5】 In accordance with the provisions of the "Regulations of the People's Republic of China on Anti-Dumping," on January 5, 2024, MOFCOM issued Announcement No. 1 of 2024, deciding to initiate an anti-dumping investigation into imported brandy originating from the EU. On December 25, 2024, MOFCOM issued Announcement No. 59 of 2024, deciding to extend the investigation period to April 5, 2025. Given the complexity of this case, in accordance with Article 26 of the "Regulations of the People's Republic of China on Anti-Dumping," MOFCOM has decided to further extend the investigation period to July 5, 2025. Price information:【The central parity rate of the renminbi against the US dollar was下调18 basis points.】Note: It seems there is a missing word in the original Chinese sentence. The correct sentence should be "【人民币兑美元中间价下调18个基点】". The translation provided is the closest accurate representation given the context, but typically it would be phrased as "The central parity rate of the renminbi against the US dollar was下调18 basis points." or more naturally, "The central parity rate of the renminbi against the US dollar was adjusted down by 18 basis points."The central parity rate of the yuan against the US dollar was set at 7.1793, down by 18 basis points. The previous trading day's central parity rate was 7.1775, the official closing rate was 7.2687, and the overnight rate closed at 7.2706.Upstream raw material USD market priceEthylene Asia: CFR Northeast Asia $855/ton; CFR Southeast Asia $920/ton.Propylene Northeast Asia: FOB Korea average price 800 USD/ton; CFR China average price 820 USD/ton, down 5 USD/ton.North Asia frozen cargo CIF price, propane $627-629 per ton; butane $617-619 per ton.The onshore price for South China frozen goods in April is as follows: propane 627-629 USD/ton; butane 617-619 USD/ton.The landed price of frozen goods in the Taiwan region: propane $627-629 per ton; butane $617-619 per ton.【LLDPE U.S. Dollar Market Price】Film: $955/ton (CFR Huangpu);Injection molding: 1010 USD/ton (spot in Dongguan bonded area);【HDPE US Dollar Market Price】Film: $940-950 per ton (CFR Huangpu).Hollow: $890-965/ton (CFR Huangpu)Injection molding: $825/ton (CFR Huangpu).LDPE USD Market PriceFilm: $1120/ton (CFR Huangpu), down $15/ton;Coating: $1360 per ton (CFR Huangpu).PP USD Market PriceAverage concentration: 935-990 USD/ton (spot), down 5 USD/ton;Co-polymer: $995-$1060/ton (CFR Huangpu spot)Film material: 1030-1105 USD/ton (CFR Huangpu);Transparent: $1020-$1050 per ton (CFR Huangpu spot);Tubing: $1,160 per ton (CFR Shanghai).

In the context of global energy transition and the restructuring of industrial chains, international energy giant Shell has been making frequent moves recently. On April 1, Shell announced the completion of the sale of its Singapore Energy and Chemicals Park to CAPGC, and then further disclosed details on May 8. This asset divestment is in line with Shell's ongoing strategy to optimize its chemicals business portfolio, while its deep engagement in the Chinese market highlights its forward-looking judgment on the future landscape of the Asia-Pacific energy market.Singapore Asset Divestment: Focusing on Core Business, Retaining Regional Hub StatusSingapore's Energy and Chemicals Park is a key production hub for Shell in the Asia-Pacific region, encompassing the Pulau Bukom refinery (with a capacity of 237,000 barrels per day), an ethylene cracker (with an annual capacity of 1.1 million tons), and the Jurong Island petrochemical base. However, with the global overcapacity in refining and chemical production and increasing pressure from the low-carbon transition, Shell has chosen to divest some of its heavy assets to focus on high-value-added areas. After the transaction is completed, Shell will continue to use Singapore as its Asia-Pacific marketing and trading center and will remain involved in the local energy market through liquefied natural gas (LNG) supply, retail networks, and electric vehicle charging facilities.The buyer CAPGC is controlled by Chandra Asri, Indonesia's largest chemical enterprise, with Glencore as a shareholder. This combination highlights the demand for integration in the petrochemical industry chain in the Southeast Asian market. Shell achieves asset monetization through the transaction, while CAPGC gains a springboard to enter the regional high-end refining and chemical market, creating a win-win situation.China's Layout Deepens: Advancing in the Trillion-Yuan Petrochemical Market and Low-Carbon Transition In contrast to the contraction of some businesses in Southeast Asia, Shell continues to increase its investment in the Chinese market. As one of the core markets in its global strategy, Shell has built a complete industrial chain covering oil and gas exploration, refining, sales, and new energy through joint ventures, wholly-owned enterprises, and other forms:Upstream cooperation: Collaborating with China National Petroleum Corporation and China National Offshore Oil Corporation to develop projects such as the Changbei tight gas, ensuring resource supply.The midstream and downstream network operates over 1,700 gas stations, more than 1,000 charging terminals, and five lubricant plants that cover the nation's needs.The flagship project, the China SEA Shell HPCCC Phase III Ethylene Project in Huizhou, officially commenced construction in 2023 with a total investment of 52.1 billion yuan. It is planned to have an ethylene capacity of 1.6 million tons per year. Upon completion, it will become one of the largest cracker facilities globally and will introduce new technologies such as alpha-olefins, promoting the localization of high-end chemical products in China.The significance of the Huizhou Phase III project lies not only in its production capacity leap (with total ethylene capacity reaching 3.8 million tons/year upon full operation) but also in its technological breakthroughs and low-carbon attributes. The project integrates energy efficiency improvements and carbon reduction technologies, aligning with China's "dual carbon" goals. Additionally, it addresses domestic supply gaps for high-end polyolefins and other products, driving structural upgrades in the petrochemical industry.Strategic Logic: From "Scale Expansion" to "Value Creation"Shell's adjustments reflect the common choices made by international energy giants in the transition period.Optimize the asset portfolio: divest low-return traditional assets, focus on natural gas, new energy, and high-value-added chemical products.Regional Market Rebalancing: Southeast Asia focuses on trade and terminal services, while China leverages its massive domestic demand and policy support to become a landing point for technology-intensive capacity.Low-carbon technology positioning: Seize the opportunity in new energy infrastructure through innovative processes and charging network construction in the Huizhou project.Despite its clear strategy, Shell still faces multiple challenges: intensified competition due to capacity expansion by local Chinese petrochemical companies; the impact of electric vehicle proliferation on traditional fuel business; and supply chain risks amid geopolitical fluctuations. However, its deep integration with Chinese partners through joint ventures, coupled with continued investment in low-carbon technologies, may give it a unique advantage in the transition between new and old energy dynamics in the Asia-Pacific energy market."Shell's 'balance between advancement and retreat' is both an inevitable choice for companies adapting to the global energy revolution and a firm vote of confidence in the long-term growth potential of the Chinese market. At the intersection of traditional energy and new energy, how to balance short-term gains with long-term transformation will be a common test for all international energy companies. And Shell's significant investment in China may have already provided a key reference answer for the industry."

Since BP admitted that its green transition efforts ended in failure, the trend in the energy sector has been unanimous – major oil companies are returning to oil and gas operations. In late February of this year, BP announced that it would increase its annual investment in oil and gas production by 25%, while cutting its energy transition-related business investments by 70%.This energy giant is making a strong comeback. According to the Financial Times, BP plans to launch 27 new oil and gas projects in the next five years. The company has just announced a final investment decision for the natural gas project in Trinidad and Tobago, which is expected to come into production in two years, with a peak output of 62,000 barrels of oil equivalent per day. In addition, a $25 billion contract from BP was recently approved by the Iraqi government to develop key oil fields in the Kirkuk region.On the other hand, the UK and Dutch energy giant Shell has come to realize through a relatively moderate approach that any transition from hydrocarbons to weather-dependent power generation (such as wind and solar) is a high-risk bet. Although a Dutch court ordered Shell to reduce its oil and gas output to lower emissions, the company's investments in wind and solar power have fallen short of expectations. Subsequently, it successfully appealed, and the appellate court overturned this ruling.Shell recently updated its short-term plans, reducing its spending targets for the next three years and prioritizing the development of its natural gas business. Between 2025 and 2028, the energy giant plans annual capital expenditures of $20 billion to $22 billion, down from its 2023 annual budget of $22 billion to $25 billion. In terms of production targets, Shell aims to increase its annual liquefied natural gas sales by 4-5% by 2030.TotalEnergies is one of the exceptions among oil giants that have failed in their transformation. The French energy group has implemented a diversified strategy to shift from oil and gas to low-carbon electricity, but notably, it has never neglected its core business while advancing this transition.In a recent announcement, TotalEnergies claimed that it has achieved the highest average Return on Capital Employed (ROCE) of 14.8% in the industry while significantly reducing emissions. Recent public reports indicate that TotalEnergies has secured the first tranche of external financing for its East African Crude Oil Pipeline (EACOP) project in Uganda, marking an important "milestone" for the project.Compared to their European counterparts, American oil and gas giants like ExxonMobil and Chevron remain steadfast and confident in their commitment to the traditional oil and gas sector. While maintaining their core businesses, these companies have made only limited financial concessions towards the energy transition, resulting in significantly better performance than European firms that have aggressively shifted towards green energy.ExxonMobil plans to increase oil and gas production by 18% over the next five years and will raise capital expenditure accordingly. Chevron has just launched a major expansion project at the Tengiz oil field in Kazakhstan, which will boost production at this giant field by 260,000 barrels per day. Meanwhile, the U.S. Federal Trade Commission (FTC) approved Chevron's $53 billion acquisition of Hess Corp. and its Guyana oil assets in January this year, although the deal has since been challenged by ExxonMobil and faces further review.From the strategic layout of industry giants, the peak period of the oil industry is far from over.Reference source:BP, Shell, and Exxon signal one thing: Oil isn’t going anywhere, Oil Gas 360°

《The "2024-2029 China Engineering Plastics Industry Development Trend Analysis and Future Investment Research Report" indicates that the global engineering plastics market size in 2024 is 142.99 billion USD, with a compound annual growth rate of 5.5% by 2029, showcasing a promising market outlook.Transparent plastics, as a special type of engineering plastic material, hold an important position in today's society due to their unique properties and wide range of applications. From the packaging industry to building materials, from the automotive sector to electronic devices, transparent plastics play an indispensable role.In this trillion-dollar market competition, Guangzhou RenSu Industrial Co., Ltd.凭借With 20 years of deep-rooted expertise in the plastics and chemicals industry, Rensu Industrial has quietly emerged as a benchmark in the sector. As the designated agent of INEOS Styrolution in China, Rensu has not only established strategic partnerships with over ten global top-tier chemical raw material suppliers but also, through technological innovation and supply chain optimization, provides end-to-end solutions across six major fields, including cleaning equipment, cosmetic packaging, and small home appliances. It has become the "Transparent Material Preferred Partner" for corporate supply chains.Three Core Advantages Build Competitive BarriersQuality assurance from the original manufacturer.Through deep cooperation with international chemical giants, Rensu Industrial strictly adheres toThe "Original Factory Original Package" policy ensures the quality stability of core raw materials such as PMMA, SMMA, and SAN from the source. Its self-built warehousing and logistics system enables rapid nationwide delivery, effectively alleviating the raw material inventory pressure on downstream enterprises.Technical-driven customized servicesTo meet the specialized requirements of medical-grade, food-contact-grade, and other specific scenarios, the company has a dedicated RD team capable of providing customized solutions such as chemical resistance, high light transmittance, and scratch resistance.③ Cost Advantage of Economies of ScaleLeveraging its procurement scale of over 10,000 tons per year, Ren Plastic Industry ensures product prices below market averages while achieving a second upgrade in material performance through modification technology. Second, validate industry leadership across multiple scenariosWith the improvement of living standards, people's demands for product appearance and quality have gradually increased. Transparent plastic, with its excellent properties, has become an ideal choice for many products. In the packaging industry, transparent plastic not only serves to protect products but also provides a clear display, meeting consumers' needs for instant access to product information. In fields such as construction, automotive, and electronics, the application of transparent plastic is becoming increasingly widespread. Its superior weather resistance and impact resistance significantly enhance product performance.Diagram Ren Su Industrial has focused on plastic products for many years, with ample stock, a wide variety, and competitive prices.After years of developmentPrecipitation Rensu Industrial Transparent Materials mainly focus on the following materials:。inPMMAMaterialsHello, The provided text "上" translates to "up" or "above" in English, depending on the context. Without additional context, it's challenging to provide a more precise translation. If you have a specific context or sentence, please share, and I can offer a more accurate translation.Yes HardenPMMA、Toughened acrylicAndFrosted acrylic.AtPCMaterialsUp，HaveReinforcedDevelopment of PC and promotion of PC hardening agents.IntransparentABSMaterialson,Provided by RenSuReplace imported brandsMaterials andChemical-resistant grade,Can helpReduce costs，And inPET materialUp，Ren Su providesPET material hasHigher liquidity, higher transparencyAdvantagesProcessing thicker pieces is easier.Core products include:From products to applications, the exceptional performance of these transparent plastics is reshaping the boundaries of innovation in the small appliance industry. With high temperature resistance, high light transmittance, and impact resistance, they not only inject a sense of technology into product design but also break through traditional limitations in functionality. Let us explore specific cases to experience how material innovation empowers the intelligent evolution of small appliances.① For carpet cleaning, choose Zylver 631. (Note: The brand name "Zylar" seems to be a misprint or variation; the correct brand name is likely "Zyler." However, I have translated it as presented in your request.)Bagless vacuum cleanerThe convenience of not needing to purchase bags has been extended to consumers, but it requires regular cleaning of the water tank. The selected materials must possess excellent mechanical properties to withstand the intense operations of the machine during use.Ineos StyrolutionZylar631 can not onlyWithstanding common impacts during tank cleaning, its outstanding high impact resistance(The drop test) and resistance to detergents and chemical performance provide lasting performance assurance for this demanding application.The humidifier water tank is selected as Luran® SAN C.Luran® SAN C offers the advantages of high transparency and easy processing, making it a food-grade material perfectly suited for applications in water tanks.③Choose Luran® SAN 368R for the water tank of the dental scalerLuran® SAN 368R has high transparency, is easy to process, and has good chemical resistance.Food contact materials, perfectly demonstrating its application in the water tank of a dental water flosser.④ Coffee machine water tank select Luran® SAN C, Luran® 368R (higher impact)These materials have high transparency.、High rigidity, chemical resistance, heat resistance and other performance characteristics, food contact grade materials, widely used in coffee machine water tanks."Join hands with benevolence, win together.""Transparent Economy" FutureWith twenty years of focus, Rensu Industrial provides a one-stop solution with a technical team offering full support from selection advice to after-sales service.In the era where transparency defines product competitiveness, Ren Plastic Industry is positioning itself accordingly."Original factory quality, flexible customization, and affordable pricing" triple advantages help Chinese companies seize market opportunities.InstantlyClick here Leave your contact informationWe will contact you at the first time. 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On April 1, Shell announced that it had completed the sale of its Singapore energy and chemicals park to a joint venture formed by Glencore and Indonesian chemical manufacturer PT Chandra Asri Pacific. The specific financial details were not disclosed.Shell announced the above transaction on May 8, 2024. The Singapore Energy and Chemicals Park includes refining and chemical assets located on Pulau Bukom and Jurong Island.Mao Guang Island's assets include a refinery built in 1961 with a capacity of 237,000 barrels per day, and an ethylene cracker with a capacity of 1.1 million tons per year.The Shell Jurong Island plant produces petrochemical products including ethylene oxide, ethoxylates, styrene monomer, and propylene oxide, and is Shell's largest petrochemical production and export center in the Asia-Pacific region.Shell stated that this divestment is a significant step in its continuous efforts to enhance its chemicals business. In the future, it will continue to support Singapore's energy needs through a range of energy product operations, including the supply and trading of liquefied natural gas.

On March 28, the proposed approval of the environmental impact assessment documents for the 100,000-ton/year high-end polyolefin monomer unit and supporting facilities project (Phase II) of Jiangsu Hongjing New Materials Co., Ltd. was announced.Project Name: 100,000 Tons/Year High-End Polyolefin Monomer Plant and Supporting Facilities Project (Phase II)Construction site: Lianyungang Petrochemical Industry BaseConstruction Unit: Jiangsu Hongjing New Materials Co., Ltd.Environmental Impact Assessment Agency: Nanjing Guohuan Technology Co., Ltd.Total investment: The total investment is 24,847.2 million yuan; the investment for Phase I of the project is 20,159.842 million yuan, and the investment for Phase II is 4,687.358 million yuan. The environmental investment for Phase II is 495.95 million yuan, accounting for 10.58% of the total investment for Phase II.Hogeen Company plans to construct a 100,000-ton/year high-end polyolefin monomer facility and supporting infrastructure project. Among this, the first phase of the 100,000-ton/year high-end polyolefin monomer facility and supporting infrastructure project was approved by the Environmental Protection Bureau of the National East-Middle-West Regional Cooperation Demonstration Zone (Lianyungang Xugang New Area) on December 31, 2024 (Demonstration Zone Env. Review [2024] No. 56), mainly producing 100,000 tons of POE annually.Phase One Project Product Proposal:This project plans to build a 100,000 tons/year high-end polyolefin monomer facility and supporting infrastructure (Phase II), using a trimerization method with ethylene to produce 1-octene and 1-hexene. The production of 1-octene will fully meet the demand of the 100,000 tons POE main facility, achieving partial domestic substitution.Phase Two Project Product Solution:Jiangsu Hongjing New Materials Co., Ltd. was established in September 2021 and is a wholly-owned subsidiary of Jiangsu Silbond Petrochemical Co., Ltd. (hereinafter referred to as "Silbond Petrochemical"). Silbond Petrochemical is located in the Petrochemical Industry Park of Xuxu New District, Lianyungang City, Jiangsu Province (Lianyungang Petrochemical Industrial Base) and is a wholly-owned subsidiary of Shenghong Holding Group Co., Ltd.

On April 1, 2025, Peijia Medical held a strategic innovation cooperation signing ceremony and press conference at its global headquarters, announcing a collaboration with the biomedical division of DSM-Firmenich, an innovator in nutrition, health, and beauty. The partnership will leverage ultra-high molecular weight polyethylene (UHMWPE) and thermoplastic polyurethane (TPU The high-polymer heart valve developed by RD has achieved results. The signing of the memorandum of strategic innovation partnership between the two parties will further focus on the RD and innovation of high-polymer valve materials, which is expected to lead a revolutionary change in the global high-end medical device materials field.Dr. Yi Zhang, Chairman and CEO of Peijia Medical, signed a strategic innovation cooperation agreement with Paul Spencer, President of the DSM-Firmenich Biomedical Business Unit.Peijia Medical is a leading company in China's structural heart disease and cerebrovascular介入高端医疗器械领域，拥有覆盖主要瓣膜疾病和下一代核心技术的结构性心脏病产品管线组合和产品开发团队，以及面向出血及缺血性脑卒中市场的完备商业化产品和创新术式组合。2024年沛嘉医疗销售收入6.15亿元人民币，同比增长约40%。Peijia Medical is a leading company in China's structural heart disease and cerebrovascular intervention high-end medical device sector. It has a comprehensive product pipeline and development team covering major valvular diseases and next-generation core technologies for structural heart disease, as well as a complete suite of commercialized products and innovative procedures targeting hemorrhagic and ischemic stroke markets. In 2024, Peijia Medical's sales revenue was 615 million RMB, representing a year-over-year growth of approximately 40%.Michelle Ortiz, Vice President of Research and Innovation for DSM-Firmenig Biomedical, introduces her company's biomaterial properties and applications.The DSM-Firmenich Biomedical business unit is headquartered in Pennsylvania, USA, and has an office and innovation application research center in Shanghai, China. As part of the DSM-Firmenich Group, the biomedical division possesses unparalleled expertise in the field of biomaterials and their applications, helping partners like TAE Medical create breakthrough innovations for patients worldwide.In this collaboration, Peijia Medical and DSM-Firmenich's biomedical business unit have joined forces to achieve new breakthroughs in the research and development of ultra-high molecular weight polyethylene and thermoplastic polyurethane (TPU) valve materials. According to the memorandum, both parties will establish a long-term, stable, and mutually beneficial strategic innovation partnership. Utilizing DSM-Firmenich's biomaterials, the RD teams from both sides will collaborate on the design and development of new high-end medical device products, performance optimization of key raw materials based on ultra-high molecular weight polyethylene materials, new material development, as well as the development and application of advanced manufacturing processes and technologies.National Health Commission expert group industry expert Jiang Tianjiao presented a report titled "Cardiac Valve Industry: Evolution of Technical Pathways and Future Trend Outlook."Ultra-high molecular weight polyethylene fiber is a lightweight and high-strength polymer material, with a strength 15 times that of steel structures of the same size. Using ultrafine fibers and employing unique weaving and multi-layer fusion technology, a polymer valve material is produced that can perfectly replace existing animal-derived heart valve materials. This product offers significant potential for improvement in flexibility and biocompatibility, promising a revolutionary upgrade in valve materials.Polymer valve materials are non-biological, inorganic materials with significant advantages in physical and biochemical properties, as well as lifespan, making them suitable for younger patients. Compared to traditional animal-derived valve materials, polymer valve materials have two major advantages: on one hand, they enhance product lifespan and expand indications; on the other hand, they reduce costs and are suitable for mass production. This is of great significance for the development of the heart valve market, benefiting a larger patient population.Peijia Medical's Chief Operating Officer Pan Kongrong introduced the progress of the Peijia polymer valve project and animal experiment data.The polymer valve independently developed by Peijia Medical is a new type of polymer valve that uses a five-layer bionic polymer fiber woven material as the valve material, simulating the functions of the corresponding layers of materials in the human autologous valve leaflets, making it closer to the functions of human autologous valves. This product has maintained stable hemodynamics after 400 million accelerated fatigue tests, demonstrating outstanding durability, with an expected lifespan far exceeding that of current biological valve materials. The development of this product has successfully been included in Suzhou's key core technology tackling project aimed at global challenges. Currently, the product has completed animal experiments and is preparing to enter clinical trials.Peijia Medical's Chief Operating Officer, Kanger Pan, stated that based on years of collaboration with DSM-Resins Functional Materials, the two parties will now enter into a deeper level of synergy. The development of high molecular weight valve material, as a core platform technology for Peijia Medical, will, once developed, be applied across various product lines to enhance their performance and open up applications of ultra-high molecular weight polyethylene in the field of structural heart disease.Paul Spencer, President of DSM-Firmenich's Biomedical Division, stated, "At DSM-Firmenich, we are committed to advancing the development of vascular applications through innovative biomaterial solutions, supporting the goals of achieving better clinical outcomes, reducing healthcare costs, and improving the lives of patients worldwide. We are very pleased to officially collaborate with Peijia to jointly promote this vision in China."

On March 28, Lianhong Xinke released its annual report for 2024. In the context of macroeconomic fluctuations and industry adjustments, the company's operating income fell by 7.52% year-on-year to 6.268 billion yuan, and net profit attributable to shareholders dropped by 47.45% to 234 million yuan. However, the net profit excluding non-recurring gains and losses grew by 2% to 185 million yuan, demonstrating the resilience of its core business in adversity. As an emerging enterprise focusing on high polymer materials and special fine materials, Lianhong Xinke is accelerating its layout in new energy, biodegradable, and electronic materials sectors, attempting to seize opportunities in industrial upgrading. Behind the Performance Pressure: Dual Breakthroughs in New Energy Materials and BiomaterialsDespite a decline in both revenue and profit, the annual report reveals breakthroughs for Lianhong Xinke in strategic emerging fields. The new energy materials sector is a highlight: the company is constructing a 200,000 tons/year EVA (the core material for photovoltaic encapsulation) and a 100,000 tons/year POE (next-generation photovoltaic packaging material) project, both scheduled to be put into production in 2025. The urgent demand for high value-added materials in the photovoltaic industry may make these two projects a future growth engine. Additionally, the advancement of lithium battery solvents and additives projects signifies the company's determination to extend upstream into the new energy vehicle industry chain.The layout in the biodegradable materials sector is also rapid. The entire industrial chain technology for PLA (polylactic acid) has achieved a breakthrough in localization, with 100,000 tons of lactic acid and 40,000 tons of PLA facilities already in production, and new scenarios such as 3D printing are being explored; 50,000 tons.PPThe C (polypropylene carbonate) project, with its low-carbon model of "self-produced raw materials + carbon dioxide utilization," is expected to be implemented in 2025. As the global "plastic ban" expands, the demand for biomaterials continues to grow, and Lianhong Xinkai's technical accumulation and production capacity reserve may open up a hundred-billion-level market space for it.High-value-added sectors accelerate breakthroughs: electronic special gases and specialty materialsIn the field of electronic materials, Lianhong New Materials' 10,000-ton-per-year electronic special gas facility began operations in May 2024, with its products gaining certification from leading customers. As a key consumable in semiconductor manufacturing, the demand for domestic substitution of electronic special gases is urgent, and the company's move is expected to penetrate a high-barrier, high-profit niche market. Additionally, the 20,000-ton UHMWPE (ultra-high molecular weight polyethylene) facility, which uses a novel continuous process, has started mass production of high-end membrane materials, further solidifying its competitiveness in the lithium battery separator materials sector.Future Strategy: Focus on Bio-based Materials and Low-carbon TechnologiesFacing performance pressure, Lianhong New Materials has chosen to further invest in the biodegradable materials sector. The annual report clearly states that the company will increase investment in biodegradable and biobased materials, and promote the industrialization of novel materials such as bio-based sugar substitutes. This strategy not only aligns with the global trend towards decarbonization but also meets the goal set by China's 14th Five-Year Plan for the new materials industry to "breakthrough the large-scale preparation technology of biobased materials." Through collaboration with research institutions such as the Chinese Academy of Sciences, the company's innovations in catalysts and process technologies are expected to form differentiated advantages.Challenges and opportunities coexistThe company is currently facing short-term pain: operating cash flow decreased by 32.18% year-over-year, reflecting the capital occupation due to new project investments; the cyclical fluctuations in downstream industries such as photovoltaics and lithium batteries may also affect the absorption of new production capacities. However, in the long term, the release of capacity in areas such as EVA, POE, and PLA, coupled with the increased output of high-value-added products like electronic special gases, could drive a turnaround in performance.The 2024 annual report of Lianhong New Materials reveals a clear strategic path, prioritizing long-term positioning in sectors such as new energy, biodegradable materials, and electronic materials at the expense of short-term performance pressure. Against the backdrop of accelerating global energy transition and material revolution, its technological reserves and capacity layout, if successfully realized, could serve as a benchmark case for China's new materials industry to break through. Balancing the contradiction between RD investment and profitability will be the key challenge in the next phase.

On March 28, the Xuyou New Area of Lianyungang City, Jiangsu Province, announced a public notice regarding the environmental impact assessment approval for the second phase of the 100,000 tons/year high-end polyolefin monomer unit and supporting facilities project of Jiangsu Hongjing New Materials Co., Ltd.The second phase of the project plans to build a 50,000-ton-per-year ethylene oligomerization unit and supporting public utilities on the reserved land at Hongjing Company. After completion, it will be capable of producing 33,500 tons per year of 1-octene, 15,600 tons per year of 1-hexene, and 2,900 tons per year of mixed C6.The Hongjing Company's 100,000-ton/year high-end olefin monomer facility and supporting projects have a total investment of 2,484,720,000 yuan; the total investment in phase one is 2,015,984,200 yuan, and the total investment in phase two is 468,735,800 yuan. The environmental protection investment in phase two is 49,595,000 yuan, accounting for 10.58% of the total investment in phase two.The project of 100,000 tons/year high-end polyolefin monomer plant and supporting facilities (Phase I) has received approval from the Environmental Protection Bureau of the National East-West Regional Cooperation Demonstration Zone (Lianyungang Xuwei New Area) on December 31, 2024 (Approval No. [2024] 56 of the Demonstration Zone Environmental Review), mainly producing 100,000 tons of POE annually.This project involves the construction of a 100,000-ton/year high-end polyolefin monomer unit and supporting facilities (Phase II), utilizing the tricyclic tube ethylene oligomerization process to produce 1-octene and 1-hexene. The output of 1-octene will fully meet the demand of the 100,000-ton POE main unit, achieving partial domestic substitution.Jiangsu Hongjing New Materials Co., Ltd. was established in September 2021 and is a wholly-owned subsidiary of Jiangsu Silbon Petrochemical Co., Ltd. (hereinafter referred to as "Silbon Petrochemical"). Silbon Petrochemical is located in the Petrochemical Industry Park of Xuxu New District, Lianyungang City, Jiangsu Province (Lianyungang Petrochemical Industry Base) and is a wholly-owned subsidiary of Shenghong Holding Group Co., Ltd. 

On March 31, IBU-tec Advanced Materials and Wanhua Chemical Group Battery Technology Co., Ltd. officially established a partnership for the development of lithium iron phosphate (LFP) battery materials. Senior representatives from both sides jointly signed a Joint Development Agreement (JDA), aiming to achieve the production of LFP cathode materials in Europe through technological collaboration. This marks Wanhua Chemical's first contract for battery materials cooperation in Europe, paving the way for further development in the European market.Under this cooperation framework, IBU-tec will adjust the calcination process according to the precursor specifications provided by Wanhua Chemical and plans to scale up this process to an industrial level in the coming months. It is expected that by the third quarter of this year, both parties will obtain reliable results to evaluate whether the jointly developed product can meet the demands of the European and North American markets. If the product meets expectations, it will open up significant potential for the production of LFP cathode materials in Germany and integrate them into the value chain of the European battery industry.IBU-tecIBU-tec Advanced Materials, headquartered in Weimar, Germany, is focused on providing innovative solutions in the fields of LFP battery materials, air purification, resource conservation, and reducing plastic packaging. The company has become a technological leader in LFP cathode materials in Europe.In 2023, IBU-tec successfully launched a new sodium-ion battery cathode material called IBUvolt® NMO. This NMO (sodium manganese oxide) product boasts unique advantages, as it does not rely on lithium or other rare materials, resulting in lower production costs and higher environmental performance. It is hailed as the "foundation of new sodium-ion batteries," and the material is expected to be widely used in small electric vehicles (such as urban transport vehicles) and stationary energy storage systems. In 2024, IBU-tec will collaborate with specialty chemicals company Lanxess to conduct research aimed at developing innovative iron oxides for the production of LFP battery cathode materials, with the goal of further enhancing the electrochemical performance of LFP batteries, including energy density, charging speed, and cycle life. Wanhua ChemicalWanhua Chemical Group Co., Ltd., formerly known as Yantai Wanhua Polyurethane Co., Ltd., was established on December 20, 1998, and officially changed its name to Wanhua Chemical Group Co., Ltd. in July 2013. It listed on the Shanghai Stock Exchange in 2001. The company's business covers five major industrial clusters: polyurethane, petrochemicals, fine chemicals, new materials, and future industries.Wanhua Chemical's layout in the battery materials field began in 2020, when the company acquired Yantai Zhuoneng Lithium Battery Co., Ltd.; since then, the company has continuously increased its investment in battery materials business. Liao Zengtao, Party Secretary and Chairman of Wanhua Chemical Group, once stated that Wanhua would cultivate battery materials as a new billion-dollar business to recreate a new Wanhua.Wanhua Chemical Group Battery Technology Co., Ltd.'s business scope covers three major battery main materials and over 20 types of products, including wet metallurgy, cathode precursors, ternary cathode materials, lithium iron phosphate materials, sodium battery anode and cathode materials, silicon-based anode materials, electrolytes and their raw materials, NMP, PVDF, and other links in the industry chain. The battery materials business, as Wanhua Chemical's second growth curve, has gradually established a relatively complete ecosystem.Cathode Materials: Ternary cathode materials: Wanhua Chemical has commissioned a 10,000 tons/year lithium battery ternary cathode material project at its Meishan base in Sichuan. Lithium iron phosphate: Wanhua Chemical's lithium iron phosphate is prepared using the solid-phase method. In January 2022, Wanhua Chemical started construction of a 50,000 tons/year integrated lithium iron phosphate cathode material project in Meishan, Sichuan. On February 24, 2025, Wanhua Chemical's new battery materials industrial park in Haiyang City, Yantai, commenced construction. The project has a total investment of 16.8 billion yuan, mainly constructing production plants for battery cathode and anode materials and related supporting facilities. It is planned that a 100,000 tons/year lithium iron phosphate production line will be put into operation by June 2026, and upon full completion by December 2032, it will have a capacity of 500,000 tons of lithium iron phosphate and 300,000 tons of artificial graphite anode materials. Additionally, Wanhua Chemical is committed to the development and mass production of fourth and fifth-generation lithium iron phosphate products to enhance product performance and competitiveness.Battery Binder: WanLiUM® PAA 1720 product by Wanhua Chemical is an aqueous acrylic copolymer neutralized with sodium salt, suitable for binding artificial graphite, natural graphite, and silicon-based negative electrode systems, applicable to high-energy-density cell designs for power and energy storage applications. In February 2024, Wanhua (Ningbo) announced a plan for a 50,000-ton-per-year high-performance negative electrode binder project and an aqueous binder project, with an environmental impact assessment report released. In November 2023, Sichuan WanLu Industrial Co., Ltd. (a joint venture between Wanhua Chemical's wholly-owned subsidiary and China Hualu Engineering Technology) announced a 20,000-ton-per-year PVDF integrated project, with an environmental impact assessment document released.Battery Auxiliaries: NMP, 1,4-butanediol, and other key auxiliary materials for production and sales. In May 2022, Sichuan Wanlu Industrial Co., Ltd. announced an environmental impact assessment for its 80,000-ton/year NMP project, planning to establish a new project in the Meishan High-tech Industrial Park in Sichuan Province. In August 2023, Wanhua Chemical Group Co., Ltd. announced that it has received the environmental impact assessment document for its 10,000-ton/year lithium hexafluorophosphate (LiPF6) project, planning to construct a new project at its Yantai Industrial Park. Electrolytes are generally prepared by mixing high-purity organic solvents, electrolyte lithium salts (lithium hexafluorophosphate LiPF6 is the most commonly used electrolyte lithium salt in lithium-ion batteries today), and necessary additives in certain proportions.To further enhance its competitiveness in the battery materials sector, Wanhua Chemical has actively established cooperative relationships with upstream and downstream enterprises in the industry chain. For example, Wanhua Chemical signed a strategic cooperation agreement with Highsun Energy Storage. The two parties will deepen collaboration in six key areas: battery materials, energy storage products, battery and battery material recycling, sodium-ion batteries, IT, and joint laboratories. Additionally, Wanhua Chemical has invested in projects such as an annual production of 280,000 tons of phosphorus acid, 150,000 tons of lithium iron phosphate, and a 25GWh large cylindrical energy storage battery project, aiming to build a more comprehensive industrial chain layout.

On March 28, the China National Institute of Standardization (hereinafter referred to as the Standardization Institute) officially received APEC approval for the project "Policies, standards, and best practices for recycling of plastic intended to contact with foods to reduce marine plastic waste among APEC economies." This project aims to facilitate in-depth information exchange and knowledge sharing on regulatory models, policies, regulations, standard systems, and practical experiences related to recycled plastics for food contact among APEC economies, promoting coordination and sustainable development among economies, while also providing more models and reference experiences for the global promotion of plastic recycling.Next, the implementing entity of the project, the Agricultural Food Standards Institute of the Standardization Administration, will actively maintain communication and cooperation with various APEC economies and relevant international organizations to jointly promote the implementation of the project, contributing to the green and sustainable development of the food-related products industry.

According to information from AiQiCha, Sichuan Resources Recycling Co., Ltd. was officially registered and established on March 25, 2025. The registered address is located at No. 3066, South Section 2, Zizhou Avenue, Xinglong Street, Tianfu New Area, China (Sichuan) Pilot Free Trade Zone, with legal representative Zeng Weizhe. The company has a registered capital of 200 million RMB, demonstrating strong financial strength and development potential.From the perspective of equity structure, Sichuan Province Resource Recycling Co., Ltd. was jointly invested and established by several provincial key enterprises, reflecting the strategic integration and coordinated development of Sichuan Province in the field of resource recycling. Among them, Sichuan Resource Industrial-Financial Development Co., Ltd. holds 31% of the shares, making it the largest shareholder; Sichuan Land Development Group Co., Ltd., Sichuan Natural Resources Investment Group Intelligent Equipment Manufacturing Co., Ltd., and Sichuan Xinshun Mining Co., Ltd. each hold 10.5% of the shares. The participation of multiple capitals not only provides the company with solid resources and technical support but also helps to promote its collaborative operation in the industrial chain.As a new enterprise focusing on resource cycling and green development, Sichuan Province Resource Cycling Co., Ltd. covers a wide range of business areas, including research and development of resource regeneration technologies, technical consultation and promotion services, recycling, sales, and processing of recycled resources, recovery of production-related scrap metals, and recycling and secondary utilization of new energy vehicle used power batteries. The company is also involved in solid waste management, soil remediation, manufacturing and sales of new ecological environment materials and building materials, non-ferrous metal smelting and processing, sales of precious metals and their products, and circulation of metal ores and materials, demonstrating strong comprehensive industrial operation capabilities.It is worth noting that the company has also obtained multiple operational qualifications, including those for the recycling and dismantling of scrapped electric vehicles, demonstrating its compliance with regulatory frameworks and its forward-looking layout in the industry.Under the current "Dual Carbon" strategy and the overarching trend of transitioning to a green, low-carbon circular economy, the establishment of Sichuan Province Resource Recycling Co., Ltd. not only aligns with the national strategic requirements for efficient resource utilization and ecological civilization construction but also injects new momentum into the upgrading and integration of the renewable resource industry in the southwestern region. The company's future development is expected to play a significant exemplary role in building a resource-recycling industrial system, promoting green manufacturing, and achieving sustainable development.  

Recently, Professor Wang Yong's team from Zhejiang University innovatively proposed a new reaction pathway: using a Ru/Nb2O5 and ZSM-5 catalytic system in a syngas atmosphere to combine the traditional pyrolysis of polyethylene (PE) with the key step of CO insertion mechanism in Fischer-Tropsch synthesis. Under mild conditions as low as 280°C, the yield of light aromatics can reach 67%. The insertion of CO plays a crucial role, as it can mediate the Ru-alkyl species formed during the pyrolysis of polyolefins, promoting the generation of active oxygenates and olefin intermediates while precisely controlling the carbon chain length. This process not only reduces the energy barrier for subsequent aromatization reactions but also significantly improves the selectivity for aromatics, achieving efficient and low-temperature upgrading and conversion of polyolefins.Background IntroductionGlobally, over 360 million tons of plastic waste is produced each year, with approximately 79% ultimately ending up in landfills or natural environments, causing severe pollution to soil and oceans, and potentially posing health threats to humans in the form of microplastics. Conventional methods of plastic disposal, such as incineration, are not only high in carbon emissions but also economically inefficient. Particularly for the most common polyolefin plastics (such as polyethylene and polypropylene), due to their highly stable chemical structures, they typically yield a wide distribution of mixed alkanes/alkenes after thermal cracking or hydrogenolysis, making it difficult to achieve high-value utilization. Converting waste polyolefins into light aromatics (BTX) efficiently not only allows for precise control over product distribution but also significantly increases the added value of the products, enabling them to re-enter the aromatic cycle and extend the material's lifecycle. However, traditional aromatization processes, such as catalytic reforming of naphtha, typically require temperatures above 500°C, which consumes a large amount of energy and can lead to uncontrollable radical cleavage of polyolefins. Therefore, developing a low-temperature, efficient catalytic conversion strategy to break the inert chemical bonds of polyolefins and achieve selective aromatization has become a key challenge in the resource utilization of plastics. Research Starting PointOur research initiative stems from addressing the dual challenges of global plastic pollution and the shortage of petroleum energy. Traditional catalytic cracking or hydrolysis methods for polyolefins (such as polyethylene) predominantly yield widely distributed alkanes or alkenes, which are difficult to utilize at high value-added levels. However, if we could obtain light aromatics (such as BTX), not only could we more precisely control the carbon number distribution of the products, but we could also enhance the added value of these products, enabling them to re-enter the aromatic cycle as major chemical products. This would significantly extend the lifecycle of these products.Image and text analysisFigure 1 summarizes the existing PE recycling technologies and highlights the uniqueness of the new method proposed in this study for the efficient conversion of PE into high-value light aromatics under mild conditions. Through the analysis of the production volume of bulk chemicals and their downstream products, the concept of polyethylene recycling into the aromatic cycle is proposed, providing a new approach to solving the problem of plastic waste. Figure 1. Comparison of recycling routes for waste polyethylene and analysis of production volumes of bulk chemicals and their downstream products Figure 2 illustrates the synergistic effect of Ru-based catalysts and ZSM-5 catalysts, achieving efficient low-temperature catalytic upgrading of polyolefins. The reaction process can be divided into the following three key steps:1. Catalytic cracking: Polyolefins undergo cleavage at the acidic sites of ZSM-5, forming lower molecular weight alkanes and alkenes.CO insertion: The cleavage products are activated at the Ru catalytic site, forming Ru-alkyl species. Subsequently, CO inserts to generate active oxidized products and long-chain olefin intermediates.3. Aromatization: The active intermediate is further converted into light aromatics under the catalysis of ZSM-5.Figure 2. Low-temperature high-efficiency aromatization of PEFigure 3 verified the reaction mechanism of CO insertion through isotope labeling experiments, demonstrating that CO indeed enters the aromatic products and does so via an insertion mechanism rather than through a methanol pathway. In addition, in the presence of polyethylene (PE), the consumption rate of CO significantly increases, attributed to the optimization of reaction thermodynamics. Specifically, the activation energy for CO insertion into Ru-alkyl is reduced to 1.14 eV, effectively bypassing the slow induction period commonly seen in traditional Fischer-Tropsch synthesis, greatly enhancing reaction efficiency and achieving more efficient upgrading conversion of polyolefins.  Figure 3. Involvement of CO in the degradation process of PE. Figure 4 shows the investigation of different catalyst ratios and the study of reaction time curves, which further clarifies the reaction mechanism and the respective roles of the dual catalysts. The existence of oxygen-containing intermediates was confirmed by comparative experiments and the detection of hydrocarbon pool species in the molecular sieve after the reaction. Extending the substrate to short-chain alkanes, it was found that this carbonylation scheme is also applicable and can promote their low-temperature aromatization to a certain extent.Figure 4. Time course and mechanism of PE low-temperature aromatization cracking Figure 5 highlights the advantages of the low-temperature aromatization process demonstrated in the techno-economic analysis:·Wide application: Not only suitable for commercial waste polyethylene, but also extendable to polypropylene and polystyrene and other polyolefins, enabling broader plastic upcycling.·High economic efficiency: Even without government subsidies, the break-even point is only 3,500 tons, with a static investment payback period of just 3.6 years, giving it strong market competitiveness;·Energy Saving and Emissions Reduction: Compared to traditional processes, carbon emissions are reduced by about one-third, contributing to green sustainable development. Figure 5. Applicability, adaptability, and techno-economic analysis assessment of the catalytic system.Summary and OutlookThis study innovatively proposes a new pathway for the low-temperature catalytic conversion of polyolefins into light aromatics. By introducing syngas, the degradation process of waste polyolefins is deeply integrated with the existing petrochemical and coal chemical industry chains. This not only provides a novel perspective for critical C-C coupling industrial processes such as Fischer-Tropsch synthesis but also offers a practical technical solution for addressing plastic waste management and carbon resource recycling. Wang Yong, Zhejiang University Qiushi Distinguished Professor, Director of the Catalysis Research Institute, recipient of the National Science Fund for Distinguished Young Scholars, and Chief Scientist of the National Key RD Program. He is the recipient of the China Catalysis Youth Award, the Hou Debang Chemical Science and Technology Innovation Award, and the Green Mountain Science and Technology Award. His research focuses on the fundamental scientific exploration and application of heterogeneous catalysis and energy conversion materials. While deeply engaging in the basic theoretical research of catalysis, he continuously promotes innovation breakthroughs and industrialization practices in green energy technologies. Leading his team, he has laid out an innovation chain around the manufacturing of high-end fine chemicals, deeply integrating advanced catalytic technology, process intensification technology, and the chemical industry. He has developed a series of novel catalytic technologies and green production system solutions with independent intellectual property rights and core competitiveness, achieving industrial production of multiple high-end fine chemicals.JACS, ChemHe has published more than 200 SCI papers in journals, which have been cited over 26,000 times with an h-index of 74; he has been granted more than 50 Chinese invention patents and 5 U.S. patents. As the first contributor, he has won honors such as the China Patent Gold Award, the Special Prize for Technological Invention by the China Petroleum and Chemical Industry Federation, and the First Prizes for Technological Invention and Natural Science in Zhejiang Province.

Jinfa Technology's circular economy industrial park for recycled plastics has recently seen two projects announced.The construction project for Jinfa Technology's annual 10,000-ton large block plastic crushing has been completed.On March 26, Guangdong Kingfa Technology Co., Ltd. announced the completion and acceptance of its annual 10,000-ton large plastic crushing project. Located within Kingfa Technology's recycled plastic circular economy industrial park, the project includes 5 crushing rooms and 16 crushers, covering an area of 800 square meters, with an annual capacity to crush 10,000 tons of large plastics. The production process involves breaking down large plastic pieces (approximately 30cm~500cm in length) into crushed materials (approximately 1cm~2cm in length). The crushed materials are then sold to companies within the industrial park as raw materials for production. The raw materials mainly come from production waste from other Kingfa Technology factories, with some purchased externally. It is reported that the park focuses on developing two leading industries: new materials, and automotive and key components.The project pre-announcement of the Golden Hair Technology Regenerative Plastic Circular Economy Industrial Park.On March 26, the preliminary public announcement of the planning permit for the construction project of the Jinfa Technology Regenerative Plastic Circular Economy Industrial Park (Qingyuan) was made. According to previously released information, the industrial park is currently undergoing improvements in construction.According to the key revisions of the End-of-Life Vehicles (ELV) regulations passed by the European Parliament, new cars sold in the EU in the future must contain a minimum of 20% recycled plastic, and at least 15% of the recycled plastic content in vehicles should specifically come from plastics recovered from end-of-life vehicles.Obviously, as the largest durable consumer good in the market, automobiles face the demand for low-carbon transformation on one hand, while on the other hand, there is significant room for growth in per capita car ownership in developing countries. The market for automotive-related materials is also poised for a major "transformation."In 2025, Jinfa Technology made significant progress in low-carbon circular recycled materials. On February 19, the production ceremony of Jinfa Environmental Technology Co., Ltd. was grandly held in Montalvo, Cuenca Province, Spain. Jinfa Environmental in Spain will establish a production capacity of 30,000 tons of high-performance recycled plastic. This project combines the current situation of local waste plastic recycling in Spain, actively participates in and improves the local waste plastic recycling system, and promotes a green low-carbon economy.With the commissioning of this project, Kingfa Sci. Tech.'s environmentally friendly recycled plastic capacity has exceeded 519,000 tons. The construction project of breaking large pieces of plastic by Guangdong Kingfa will further refresh its recycled plastic production capacity. In addition, Kingfa Sci. Tech.'s total production capacity of modified plastics has just exceeded 3.6 million tons in February this year, and the current record also seems to be continuously refreshed. In 2025, Kingfa Sci. Tech.'s new material production capacity is either being refreshed or on the way to being refreshed.

For challenging electronic and electrical components with special requirements, BASF has now developed the high-flow Ultrason® D 1010 G6 U40.The optimized polyethersulfone (PESU) blends are designed to meet the specific requirements for energy-efficient components in data and energy transmission, smart electronics, and electric vehicles, enabling easy injection molding.Compared with standard PESU, the melt temperature can be reduced by 12.5%.BASF's new thermoplastic products have excellent fluidity at lower processing temperatures. This provides manufacturers with greater flexibility in designing complex switches, circuit breakers, and sensors, as well as IGBT and semiconductor components, such as aging test sockets.Ultrason® D 1010 G6 U40 exhibits stable electrical performance at high temperatures, offering a higher Relative Thermal Index (RTI) and Comparative Tracking Index (CTI) compared to polyetherimide (PEI) and polyphenylene sulfide (PPS). In contrast to standard PESU, the new blend allows molders to reduce melt temperature by 12.5% while maintaining excellent flowability, thereby saving energy costs.Backed by the excellent chemical resistance and high-temperature resistance of PESU, the new Ultrason® blends combine high rigidity and strength with good electrical performance and ease of processing. It has better fluidity at lower processing temperatures compared to standard PESU Ultrason® E 2010 G6.Low viscosity Ultrason® D can achieve a spiral flow length of up to 3.5 cm at a thickness of 0.5 mm, with a melt temperature of 315°C and a mold temperature of 160°C. Compared to unreinforced PESU molded at 360°C, a 30% glass fiber-filled grade shows the same level of flowability. This allows for smaller and thinner parts, saving assembly space and thus providing greater design freedom for compact electronic components.Support the miniaturization of EE components through lower crawl distances compared to PEI and PPS.Ultrason® D 1010 G6 U40 has high thermal stability, low water absorption, and excellent dielectric strength. It is equipped with halogen-free flame retardants and has outstanding electrical RTI. In internal tests, it is rated V-0 (UL 94), with a CTI of 200V (according to IEC 60112), reaching PLC 3. This supports the miniaturization of EE components, with its creepage distance and insulation performance surpassing that of PEI and PPS used for challenging EE components to date."If you want to develop energy-efficient electronic devices with special requirements for electrical and mechanical performance, then our new Ultrason® D is a wise choice," said Kazuhiro Kida, Global Business Development Director of BASF’s Ultrason® business. "It benefits from the excellent properties of our mature polyether sulfone Ultrason® E, while offering optimized EE performance, superior flowability, and sustainable use of processing energy. This opens up new possibilities for electric vehicles and consumer electronics parts. It also helps provide higher safety for applications with increased voltage and data rates under harsh working conditions."Ultrason® D 1010 G6 U40 is part of BASF's Ultrason® product portfolio tailored for the electronics and electrical (EE) industry. These grades enhance the robustness, durability, and reliability of today's and next-generation EE components, driving advancements in digitalization, big data, and electric vehicles. They are particularly suitable for scenarios where other plastics cannot meet higher performance requirements.Ultrason® is the brand name for BASF's polyethersulfone (Ultrason® E), polysulfone (Ultrason® S), and polyphenylsulfone (Ultrason® P) product lines. This high-performance thermoplastic is used in the manufacture of water filtration membranes, fashionable, durable, and safe household and catering applications, as well as lightweight components in the automotive and aerospace industries. The Ultrason® brand is known for its exceptional performance, making it a viable alternative to thermosetting plastics, metals, and ceramics in many applications.

On the night of March 29, news broke that three drivers from Hubei were driving a Xiaomi SU7 to Anhui for an exam when an accident occurred on the highway section from Zongyang to Qimen. This incident has been trending online, attracting the attention of many netizens and Xiaomi car owners. On April 1, Xiaomi's official website provided some responses, stating that the matter is under further investigation, and that Supersight will continue to follow the story.   The reputation of Xiaomi's cars is actually very good in the hearts of users. Many netizens even joked online about Lei Jun, saying that Lei Jun still doesn't know how to "cut corners" for the first car he made. So how about the heat insulation and flame retardant performance of Xiaomi cars? Let's take a look together.1. The battery cells are equipped with the most energy-efficient and high-performance thermal insulation material currently available—aerogel—on both sides.With the popularization of new energy vehicles, lithium batteries have become the mainstream power battery. However, due to their high energy density, the issue of battery thermal runaway has attracted significant attention, primarily caused by internal short circuits, overcharging, over-discharging, and high temperatures. Thermal runaway in electric vehicles can lead to battery combustion, which may ignite surrounding components and, in extreme cases, cause explosions. To address this challenge, automotive manufacturers and battery producers are increasingly focusing on aerogels, particularly for applications in thermal insulation and flame retardancy. The exceptional thermal insulation and flame-retardant properties of aerogels effectively reduce the risk of thermal runaway, enhancing battery safety and stability, making them the optimal solution for addressing safety issues in power battery systems. Additionally, their lightweight and flame-retardant characteristics are crucial for improving battery performance and achieving lightweight designs.In order to ensure the safety of the battery, Xiaomi cars are equipped with aerogel on both sides of each battery cell, which serves to provide heat insulation and fire resistance, effectively protecting the battery's safety. Aerogel is a material with excellent thermal insulation and flame-retardant properties, and it has been widely used in the aerospace field as an insulating material. However, the biggest problem is its high cost. The battery pack of the Xiaomi SU7 uses a total of 165 pieces of aerogel as insulation material on the sides of the battery cells, instilling confidence in users regarding the thermal insulation of the battery cells. II. Characteristics of AerogelsAerogels are a new generation of high-efficiency thermal insulation materials, possessing a nano-porous network structure with a gaseous dispersion medium filling the pores, making them the lightest solid in the world. Due to their unique structure, aerogels exhibit excellent performance in multiple fields such as thermal conductivity, acoustics, optics, electricity, and mechanics. Currently, commercial applications of aerogels primarily focus on their highly efficient thermal insulation capabilities, which are utilized downstream in various sectors including petrochemicals, thermal pipelines, lithium-ion batteries, construction materials, outdoor wear, aerospace, and military industries.Aerogels, compared to traditional thermal insulation materials, feature low density (0.16 kg/m³), high porosity (80%-99.8%), large specific surface area (400-1000 m²/g), and low thermal conductivity (10 mW/m·K).In addition, aerogel also possesses excellent properties such as fire resistance, hydrophobicity, sound insulation, adsorption, and environmental friendliness. Compared to traditional thermal insulation materials, aerogel exhibits superior thermal insulation performance. Fire resistance and hydrophobicity: it meets the national building material A1-level non-combustible standard, with a hydrophobic rate of N98%; durability: aerogel insulation materials are entirely hydrophobic, resistant to water absorption and disintegration, and have a service life of over 10 years, which is 3-5 times longer than traditional insulation materials; sound insulation and shock absorption: the three-dimensional porous network structure of aerogel can provide sound absorption, noise reduction, and shock buffering; health and environmental friendliness: the product has passed RoHS, REACH, and ELV tests and does not contain substances harmful to human health; it is an ideal adsorption material. Compared to traditional insulation materials, aerogels offer better thermal insulation and longer service life. The ultra-low thermal conductivity of aerogels ensures excellent heat insulation effects, with thermal insulation performance being 2 to 5 times better than that of traditional insulation materials. They can be used in environments ranging from -200°C to 650°C. Additionally, the nanoscale pore structure of aerogels provides them with high compressive and tensile strength, resulting in a service life more than five times longer than that of conventional materials.The outstanding thermal insulation performance of aerogels stems from their porous structure. The pore size of aerogels is below the mean free path of air molecules under normal pressure, causing the air molecules within the pores to remain nearly stationary, thus avoiding convective heat transfer. The extremely low bulk density of aerogels and the tortuous path of their porous structure also inhibit gaseous and solid-state heat conduction, while the nearly "infinite" number of pore walls minimizes thermal radiation. The combined effect of these three aspects almost blocks all heat transfer pathways, enabling aerogels to achieve unparalleled thermal insulation performance compared to other materials. 3. More Applications of High-Performance MaterialsXiaomi not only equips both sides of each battery cell with heat-insulating and fire-resistant aerogel, but also applies various types of high-performance plastic materials throughout the vehicle body to achieve goals of flame resistance, high-temperature resistance, and lightweight design.In terms of power batteries, Xiaomi's battery bracket mainly uses modified PPE, PPS, and PC/ABS; the battery cover plate mainly uses modified PA6, PA66, etc.; the battery casing mainly uses modified PPS, modified PP, PPO, etc.; the battery cell and battery management system (BMS) and other components mainly use polymer materials for encapsulation and insulation. Through the application of these materials, the battery structure achieves flame retardancy, dimensional stability, chemical resistance, and high strength, ensuring the safety and durability of the battery.In terms of electrical insulation, high molecular materials such as PPS are used in Xiaomi automotive electrical insulation components, including PPS injection molded parts like insulating sealing rings, coil bobbins, high-voltage terminals, and three-phase copper busbars. Due to their high-temperature resistance, fatigue resistance, and stable electrical insulation properties, they address the issue of degradation in electrical insulation performance and CTI values of core components in high-temperature environments.In the field of thermal management systems, PPS modified plastics are widely used in Xiaomi's automotive thermal management systems. In radiator components, PPS plastics can withstand high temperatures and chemical corrosion under intensive use, thereby extending the service life of the radiator. For coolant pipelines, the excellent fuel and bio-fuel resistance of PPS plastics, along with their superior extrusion processing performance, make them an ideal choice for fuel pipes. Additionally, PPS plastics have been successfully applied in automotive transmission injection oil pipes due to their high pressure resistance, oil resistance, and high-temperature resistance.From the above information, it is evident that Xiaomi Automotive has invested significant effort in battery safety and body materials, particularly by innovatively adopting aerogel as a heat-insulating and fire-resistant material on both sides of the battery cells. Aerogel, with its exceptional thermal insulation properties and lightweight characteristics, provides effective thermal runaway protection for the battery. Additionally, Xiaomi Automotive has extensively utilized high-performance plastic materials such as modified PPE, PPS, and PC/ABS. The application of these materials ensures that various parts of the vehicle body exhibit flame-retardant, high-temperature-resistant, and lightweight properties. In terms of electrical insulation and thermal management systems, high-performance polymer materials like PPS have also played a prominent role, significantly enhancing the high-temperature resistance, fatigue resistance, and electrical insulation performance of components. To further prevent vehicle self-ignition issues, it is hoped that Xiaomi Automotive will continue to explore and apply more high-quality heat-insulating and flame-retardant materials. Source: Xiaomi Official Website, Jusuyun, RIO Material Talk, ZhuanSu WorldEditor: Shenbing Shi 

Recently, China Kunlun Engineering Co., Ltd. (hereinafter referred to as "Kunlun Engineering") announced that the ZCP13 cationic polyester unit of Xin Fengming Group Zhonghong has been successfully in operation for more than a month since its commissioning on March 30th. During this period, the unit has operated steadily, and all product indicators have met the standards.The ZCP13 cationic polyester project of Xin Fengming Group, undertaken by the headquarters of China Kunlun Engineering Co., Ltd., with the participation of three branch companies in Shenyang, Liaoyang, and Liaojin. The successful commissioning of this facility marks another 'national heavy weapon' in China's high-end fiber materials field.As a benchmark project for the domestic production of 250,000 tons of fiber-grade cationic modified polyester annually, the Zhonghong ZCP13 facility bears the strategic mission of promoting the upgrade of new textile materials. The production process of cationic polyester is complex and requires precise control of reactions such as esterification and polycondensation under high temperature and pressure conditions. The facility includes 5 reactors and over 200 dynamic and static equipment pieces, with a pipeline system that crisscrosses throughout, making the design challenging.Facing the extremely tight overall project schedule requirements, the Shenyang branch team met the challenge with a "starting at full speed" attitude. They had to complete the design of the entire 23,000-meter high-pressure piping system for the facility during the design phase from February to September 2024, covering three core sections: esterification, pre-polycondensation, and final polycondensation. This is equivalent to completing 120% of the work in only 60% of the time typically required for a regular project.In early spring February 2024, a race against time has quietly begun in Shenyang. The Shenyang branch has formed a cross-departmental task force, breaking down the design tasks into three major battles: optimizing process pipelines, building 3D models, and accurately reporting materials. The design team creatively adopted a "rolling delivery" model, dividing the 23,000 meters of pressure pipelines into five layers for simultaneous advancement, and dynamically matching the 3D model with the construction progress through PDMS software.The project has entered "wartime mode": The equipment pipeline system is divided into three sections: process main flow, utility engineering, and thermal media engineering. Using a "modular design + phased delivery" strategy, it achieves efficient collaboration through batch submission of drawings, segmented material procurement, and interspersed construction progress.With the "5+2" and "white plus black" fighting spirit, the project team completed all 2,800 drawings on schedule and delivered them in batches. The materials list for 23,000 meters of piping was also submitted for procurement on time and in batches, securing valuable time for on-site construction.At the construction site, the "Kunlun speed" is also being demonstrated. In response to the challenges of limited space within the building and frequent cross-operation tasks, the design team has deployed one key member to be stationed on-site constantly, while other members provide timely support. They carry out daily clearance and settlement-style对接with the construction team, assisting in solving technical issues such as pipeline collision and support positioning to ensure the project is implemented with zero errors.As a model project of CNPC's "integration" strategy, the ZCP13 facility fully demonstrates the efficiency and advantages of group operations. The Shenyang Branch Pipe Specialty collaborated closely with relevant specialties such as process, structure, equipment, automation control, and electrical at the headquarters, as well as LiaoYang and LiaoJin branches, timely resolving key issues such as interface demarcation. In optimizing the layout of the facility core area, experts from the headquarters personally guided the project team on-site, ensuring the core issues were addressed.More notably, the project全程 applied the digital delivery platform independently developed by Kunlun Engineering, achieving project cycle management for the pipeline component library and stress calculation models. This not only ensured the project schedule but also established replicable standardized operating procedures, saving at least 30% of design hours for subsequent similar projects.The successful commissioning of the ZCP13 facility is another milestone in Kunlun Engineering's mission to serve the country through technology, pulsating with the strong heartbeat of the ethnic fiber industry's upward advancement. In the future, this team, which excels in tough battles and dares to forge new paths, will continue to compose new chapters of glory on new "battlefields" with their craftsmanship and wisdom.The High-End Polyester New Materials Industry Chain Forum will be held in Hangzhou on April 25, 2025. The conference is hosted by Asia Chemical Consulting and will explore various high-end polyester new materials and their key raw materials' industrial policies and market trends, the latest technologies and commercialization progress, the cost and environmental competitiveness of different route technologies using chemical methods and bio-based methods, investment in new projects, upstream and downstream integration, performance and competitiveness comparison of high-end polyester new material products, and development of high-end downstream applications. Leaders and experts from China Kunlun Engineering Co., Ltd. will attend and give keynote reports.

On March 31, Shengquan Group released its 2024 annual report. During the reporting period, it achieved operating revenue of 10.02 billion yuan, an increase of 9.87% year-on-year; net profit attributable to shareholders of the listed company was 868 million yuan, an increase of 9.94% year-on-year. At the end of the reporting period, total assets were 14.733 billion yuan, total liabilities were 4.168 billion yuan, the asset-liability ratio was 28.29%, and the total equity attributable to parent company shareholders was 10.077 billion yuan.Source of the image: Announcement from the listed companyOn the same day, the company also released a voluntary disclosure announcement regarding the expected performance increase for the first quarter of 2025. According to preliminary calculations by the finance department, it is estimated that the net profit attributable to the owners of the parent company will be between 200 million and 215 million yuan, representing a year-on-year increase of 45.58% to 56.49%. The net profit attributable to the owners of the parent company after deducting non-recurring gains and losses is expected to be between 183 million and 198 million yuan, representing a year-on-year increase of 45.02% to 56.91%.The reason for the growth is:(I) The rapid development of AI computing power, high-frequency communication, and semiconductor packaging is driving a surge in demand for advanced materials. The company focuses on the field of advanced electronic materials, with products covering the entire semiconductor packaging, PCB, and copper-clad laminate产业链. Leveraging its advantages in technology research and development, product manufacturing, and quality performance, the company has seen a significant increase in orders for high-value products. Existing capacity achieves full production and sales by the end of each quarter.(2) The 300-ton/year porous carbon production line was completed and put into operation in Q3 2024, achieving full production and sales. The 1,000-ton/year porous carbon production line will be completed in February 2025 and gradually commissioned for production. During the reporting period, batch supply has already been achieved, effectively meeting the demand for high-energy-density batteries in the consumer electronics and power battery sectors.(3) The "1 Million Ton/Year Biomass Refining Integration (Phase I Project)" at the Daqing production base has been operating steadily, with continuously improving capacity utilization rates, achieving reduced losses during the reporting period.The information shows that Shengquan Group has developed a relatively complete and diverse industrial chain, including biomass chemical raw materials (cellulose, hemicellulose, lignin, etc.), synthetic resins (furan resin, phenolic resin, cold box resin, epoxy resin, etc.), and composite materials (phenolic foam boards, light steel, etc.). This allows them to fully leverage the advantages of their industrial chain to collaborate on technology research and development and market expansion.In the field of biomass new materials, Shengquan Group has been involved in the biomass industry since its establishment in 1979. The "Shengquan Method" for integrated biomass refining technology developed by the company was included in the National Development and Reform Commission's "Green Technology Promotion Directory" (2020). This technology is environmentally friendly, highly efficient, and energy-saving, systematically addressing the global challenge of efficiently separating the three main components—cellulose, hemicellulose, and lignin—in straw, achieving high-value utilization and producing hundreds of products.Shengquan Group has further expanded the high-value applications of biomass by relying on its independently developed "Shengquan Method" biomass refining integrated technology.The world's first million-ton "Shengquan Method" plant straw refining integrated project (Phase I) has been fully put into operation in Daqing City, Heilongjiang Province. As a global leader in green and energy-efficient comprehensive utilization of biomass straw, the Phase I project invested and constructed by Shengquan Group can process 500,000 tons of straw annually, producing a series of green bio-based products such as biomass resin carbon, hard carbon anode materials, high-activity lignin, furfural, pulp, bio-methanol, and biodegradable materials.High-activity lignin extracted from straw can regulate the molecular weight of high-activity lignin through differences in process technology conditions according to its downstream application needs, thus meeting the requirements of different products. Currently, high-activity lignin produced in Daqing has been successfully applied in the production of dye dispersants and oilfield aids. It has achieved breakthroughs in areas such as polyurethane and phenolic resins. Related products are being promoted in the market, while applications in rubber additives, furan resins, refractory materials, carbon black, and other fields are under development.Biomass resin carbon extracted from straw is formed by the molecular rearrangement and carbonization of the lignin portion after the comprehensive utilization of three elements through a stepwise separation process. It has uniform particle size, high bulk density, low ash content, and a low heating value exceeding 5000 kcal/kg. As a zero-carbon raw material, it can replace coal-based fuels for direct combustion power generation, and it can also be further processed into battery hard carbon materials and green bio-methanol, among other clean energy sources.

On March 28, the first batch of qualified PBST modified material, processed by a renowned modification company commissioned by Sinopec Chemical Sales South China Branch, departed from Hainan and was shipped to Xinjiang for the production of biodegradable agricultural mulch films. This batch will be used to support a 10,000-mu (approximately 667 hectares) cotton trial field demonstration in Wusu City and the Xinjiang Production and Construction Corps. This marks the first successful large-scale application of Sinopec's self-developed PBST product in downstream processing.The PBST (Polybutylene Succinate Terephthalate) product produced by Hainan Polyester Company, as a new type of fully biodegradable material, is one of the top ten key research projects of the group company. It exhibits excellent thermal stability, mechanical properties, and biodegradability, and can be widely applied in disposable daily necessities, plastic bags, packaging materials, agricultural films, and other fields.To ensure the smooth market launch of the product, the Huazhong South Chemical Sales Department specially established a project task force to actively collect downstream customer demands, having surveyed over 200 customers in the biodegradable industry and visited more than 120 relevant customers in person. After the qualified PBST products were successfully produced, they were immediately shipped to leading downstream enterprises in Hainan Province for testing. The production, sales, and research teams were fully coordinated to track the process, ensuring seamless production-sales connection and continuously optimizing product parameters. Additionally, technical support throughout the entire process, including modified processing and film blowing techniques, was provided on-site at the customers' production workshops to ensure the timely production of qualified modified material products.Next, Huaxiao South China will continue to monitor the use of mulch film in Xinjiang farmers' cotton fields. Through an online and offline collaborative service mechanism, they will dynamically optimize product performance to contribute positively to the group company's green and high-quality development.