On November 15, Anhui Jiaxian Functional Additives Co., Ltd. issued the "Announcement on the Signing of a Strategic Cooperation Intention Agreement."
In view of the research results obtained by the "Biodegradable Materials Application Technology Research Center" jointly established by the company and Hefei University of Technology, in order to accelerate the industrialization of the research results, the company and Hefei University of Technology have reached an agreement on cooperation intentions, and have cooperated with Hefei University of Technology Asset Management Co., Ltd. Signed a strategic cooperation agreement of intent According to the letter, the two parties will establish a joint venture to jointly accelerate the industrialization of PBAT and PLA-based biodegradable modified materials to meet the needs of environmental protection, further expand the company's industrial chain, and expand the company's development territory.
Jiaxian Co., Ltd. has long been committed to the research and development, production and sales of functional additives, constantly expanding the industrial chain and enhancing corporate competitiveness. This cooperation with Hegong Asset Management is an important step for the company in seeking new development opportunities and exploring new growth points. According to the agreement, the company jointly established by the two parties will be located in Bengbu City, with the production and sales of PBAT and PLA-based biodegradable modified materials (including masterbatch and downstream products) as its main business. These materials can be used in packaging bags, tableware, mulch films, tapes, buffer packaging and other fields, with excellent performance and environmental protection advantages. Through cooperation, both parties will give full play to their respective advantages, realize resource sharing and complementary advantages, and promote the rapid development of the biodegradable materials industry.
The signing of the strategic cooperation letter of intent marks that the cooperation between the company and Hegong Asset Management has entered a new stage. In the future, the two parties will jointly establish a project company to carry out the construction of fine chemical projects, further promote the industrialization of the research results of the "Biodegradable Materials Application Technology Research Center", give full play to and integrate the resource advantages of all parties, and achieve complementary advantages. This will not only accelerate Jiaxian's industrial layout and accumulate new momentum for corporate development, but will also assist the company's next development.
In addition, Jiaxian Co., Ltd.'s annual production of 15,000 tons of biodegradable material functional additives project is under construction and will generate benefits in 2024. Eventually, it will be built with an annual output of 12,000 tons of n-butyl titanate and an annual output of 3,000 tons of n-butyl zirconate. n-Butyl titanate is mainly used in biodegradable materials such as PBS and PBAT, which can effectively improve the tensile, impact resistance and other properties of the product. n-Butyl zirconate is mainly used as a coupling agent between degradable plastics such as PBS, PBAT, and PLA and starch-based materials.
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