Summary:
In Q1, there are lactide and polylactic acid (PLA)-related projects
updated progresses, ie. COFCO Biotech's 30,000 t/a lactide project,
Jiangxi Keyuan's 200,000 t/a lactic acid and 130,000 t/a PLA project
(phase I), and Linyi Xinyuan's 300,000 t/a PLA project; and Shanghai
Tongjieliang's 200,000 t/a PLA project is signed to settle in Quanzhou.
In Q1, there have developments in a number of lactide and polylactic acid (PLA)-related projects.
On 12 March, COFCO Biotechnology Co., Ltd. (COFCO Biotech, stock code: 000930.SZ) stated
on the investor interaction platform that its subsidiary COFCO
Biomaterial (Yushu) Co., Ltd. has completed and installed the main
structures and auxiliary equipment according to the project plan for
30,000 t/a lactide, with full sets of imported production equipment to
be installed.
Project overview:
Construction nature: New construction
Location: Wukeshu Economic and Technological Development Zone, Yushu City (county-level), Changchun City, Jilin Province
Total investment: USD82.60 million (RMB586.94 million)
Site area: 42,657.87 m2
Construction
content: Based on some existing auxiliary facilities and utilities of
COFCO Biomaterial (Yushu), to build a new lactide production workshop
and production line, tank farms, warehouses and other facilities
Designed capacity: 30,000 t/a of lactide and 2,680 t/a of industrial-grade lactic acid/LA (by-product)
Commencement of construction work: Sept. 2022
On 30 Jan, Jiangxi Keyuan Bio-Material Co., Ltd. (Keyuan) notified to start coordinated trial operation of installed systems of the 200,000 t/a LA and 130,000 t/a PLA project (phase I).
Overview of the 200,000 t/a LA and 130,000 t/a PLA project:
Construction nature: New construction
Location: Chemical Fibre Industrial Base of Lianxi District, Jiujiang City, Jiangxi Province
Investment:
USD419.69 million (RMB2.98 billion), 3.50% (USD14.67 million/RMB104.25
million) of which for environmental protection
Designed capacity:
Phase
I: 100,000 t/a LA, 40,000 t/a PLA (30,000 t/a high-gloss pure PLA +
10,000 t/a low-gloss pure PLA), and 100,000 t/a gypsum plaster
Phase
II: 100,000 t/a LA, 100,000 t/a high-gloss pure PLA, 100,000 t/a gypsum
plaster; this phase will also transform the 30,000 t/a high-gloss pure
PLA line (of the phase I) into a 20,000 t/a low-gloss pure PLA line
Construction period:
Phase I: Construction started in Oct. 2022
Phase II: Construction to start in 2024
On 15 Jan., Linyi Xinyuan New Material Technology Co., Ltd. (Linyi Xinyuan) broke ground for the 300,000 t/a bio-based new material (PLA) project in Linshu Economic Development Zone.
This
project accounts for a budget of USD703.64 million (RMB5 billion) and
two-phased construction over an area of 40 ha. The Phase I covers an
area of 21 ha and includes 13 production workshops for thermal charcoal
regeneration, LA concentration, hydrolysis and recovery, as well as
supporting facilities like natural gas cogeneration station and
wastewater treatment station; Phase I is designed to produce 30,000 t/a
fulvic acid, 150,000 t/a LA, 100,000 t/a PLA, and 150,000 t/a modified
PLA from straw via advanced fermentation process, due for completion in
2025 and expected to generate an annual output value exceeding USD422.18
million (RMB3 billion) once in full operation.
Linyi Xinyuan was founded in Oct. 2023 with a registered capital of RMB35 million.
On 8 Jan., Shanghai Tong-Jie-Liang Biological Materials Co., Ltd. (Shanghai Tong-Jie-Liang) signed
a contract with the local government of Huian County, Quanzhou City,
Fujian Province for a 200,000 t/a PLA production project. Shanghai
Tong-Jie-Liang have one plant in Anhui operated by Ma'anshan
Tong-Jie-Liang Biomaterials Co., Ltd. with one 10,000 t/a PLA line in
operation, and one plant in Shandong operated by Shandong Tongbang New
Materials Technology Co., Ltd. with one project under construction for
300,000 t/a LA, 200,000 t/a PLA and 100,000 t/a PLA fibre (phase I:
150,000 t/a LA, 100,000 t/a and 50,000 t/a PLA fibre) due for completion
in 2024.
Source:CCM
More iinformation can be found at CCM Bio-based Materials China Quarterly Report.
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