Weifang Binhai Economic and Technological Development Zone, Shandong, May 18^th, 2024 - The much-anticipated groundbreaking ceremony for the GHE’s Low-Carbon Circular New Materials Project was grandly held here. The commencement of this project not only marks a significant step forward in the company's strategic layout in the green and low-carbon industry sector but also injects new vitality into the sustainable development of the regional economy.

The GHE’s Low-Carbon Circular New Materials Project has garnered significant attention due to its prominent green, low-carbon, and circular attributes. With a total investment of 1.358 billion yuan and covering an area of 200 acres, the project will establish a production base with an annual output of 60,000 tons of pyrolysis plastic oil and 120,000 tons of green methanol. Upon completion, the project will annually consume 120,000 tons of waste plastic from nearby paper mills, significantly improving resource utilization and reducing carbon dioxide emissions by 90,000 tons per year. This will be crucial for promoting regional environmental protection and green development. Notably, the project employs GHE’s independently developed, domestically first, and globally leading anaerobic pyrolysis technology, which boasts advantages such as leading oil and gas purification, long-term continuous operation, and wide adaptability to process raw materials. These technical advantages will strongly enhance the company's leading position in the industry.

At the groundbreaking ceremony, Mr. Jiang Chaoxing, the chairman and president of the company, detailed the overall planning and technical advantages of the project, and expressed heartfelt thanks to the leaders at all levels, partners, and all sectors of society who have supported the project's construction.

The commencement of the GHE’s Low-Carbon Circular New Materials Project is a significant move by the company to actively respond to the national goals of peak carbon emissions and carbon neutrality, and to build an important link in the circular economic industry chain. The project's implementation will accelerate the development of the green low-carbon industry, drive the transformation of new and old kinetic energy for enterprises, and lay a solid foundation for the company's high-quality sustainable development.

The groundbreaking ceremony attracted significant attention from industry insiders and the media. Attendees expressed that the commencement of the GHE’s Low-Carbon Circular New Materials Project not only brings new development opportunities for the company but also provides strong support for the green transformation and sustainable development of the regional economy.

With the successful conclusion of the groundbreaking ceremony, the construction of the GHE’s Low-Carbon Circular New Materials Project officially began. In the future, the company will continue to uphold the development concept of "green low-carbon circulation, creating a waste-free world," driven by technological innovation, continuously improving product quality and technological levels, and contributing more to the development of China's green and low-carbon industry.