Zhejiang Changhong Biological Material Co. Ltd. is established in the year of 2020 and is located in No 618, Mingxinling Road, Shanhu Street, Shengzhou, Shaoxing, Zhejiang, China. The company specializes in the production of PBT, PBAT and THF. It invests in the construction of "600,000 tons/year PBAT/PBS/ PBT flexible production project in a fully biodegradable thermoplastic industrial zone" in two phases, with 300,000 tons/year in each phase and a total construction period of 5 years. In the first phase, a production line of 100,000 tonnes/year will be built first, which can flexibly produce different products such as PBAT, PBS and PBT according to the market demand, and also has the ability to expand and modify the chain to produce other different grades of products. The first phase of the project is expected to have an annual output value of RMB 2 billion and an annual tax payment of RMB 120 million.
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