On September 3, National Science and technology released a plan to issue shares to specific objects. The company plans to raise no more than 282 million yuan from no more than 35 (including) specific investors for the industrialization construction project of biodegradable materials and products, the research and development project of biodegradable materials and supplementary working capital.


The company said that the fixed increase investment project belongs to the industry strongly supported by the national policy, and the market demand potential is huge, which will help the company to improve the technological innovation level of biodegradable materials, enhance the core competitiveness of the company in the industry, and further improve the profitability of the company.


In recent years, the state has paid more and more attention to the environmental protection industry. With the promulgation and implementation of the strictest "plastic limit order" in history, the field of biodegradable plastics has ushered in a huge space. The company is mainly engaged in the core business of R & D, production and sales of low-carbon environmental friendly polymer materials and products. It has more than 20 invention patents, more than 8000 technical formulas for environmental friendly new materials, and many products have won the title of provincial and municipal high-tech products. It has mastered the formula technology and process technology of biodegradable plastic materials and products, and realized the small batch mass production of biodegradable plastic products. The company's biodegradable materials such as PBS, PLA and PBAT passed the SGS total mobility test in the first half of 2021, and the biodegradable blowing materials such as PBAT and PLA passed the test by the analysis and testing center. The test results all meet the requirements of "the biodegradation rate should be greater than or equal to 60%" in the definition, classification, marking and degradability requirements of degradable plastics (GB / t20197-2006).


According to the fixed increase plan, the company will promote the industrialization of biodegradable materials and products, and the production capacity of degradable plastic products is expected to reach 10000 tons. The investment of the raised funds will provide strong financial support for the company's degradable materials and products projects and R & D, enhance the company's core competitiveness and enhance the company's future profitability.