On December 28, 2020, Sinchem International signed a strategic partnership with the municipal government of Yi Zheng, Jiangsu province, under which the two sides will work together to build an industrial park on new materials.
With an estimated investment of RMB 8 billion, the company plans to develop the industrial park with cutting-edge technologies, with a focus on clean energy and the circular economy.
The facility will prioritize five key materials, including degradable plastics, high-end resins, high-performance fibers, electronic materials and modified materials.
Under the partnership, the Yizheng government will support approval, construction, and operation of all projects of Sinochem International, and provide incentives to advance industrial technologies.