On February 24th, after the completion of the on-site promotion meeting for the construction of high-quality development major projects in the spring of 2025 in the whole province and Zaozhuang City, the groundbreaking event of the Lunan Chemical New Energy Materials Integration Project kicked off in Mushi Town.

It is reported that the project is invested and developed by Yankuang Lunan Chemical Co., Ltd. with a total investment of 10.3 billion yuan and an area of approximately 1090 acres. A 600,000 ton/year olefin and 300,000 ton/year vinyl acetate (VA) plant will be built. After the project is completed and put into operation, it is expected to bring additional annual output value of 9 billion yuan and profits and taxes of 2.5 billion yuan.

The project has advanced process technology, strong market competitiveness and closely adheres to policy guidance, aligning with the goal of "carbon neutrality" and the vision of green development. Besides, it boasts outstanding integration advantages, complete industrial chain and strong risk resistance ability. After completion and operation, it will greatly enhance the competitiveness of the enterprise and play an important role in building a high-end chemical industry cluster worth billions.

On October 18, 2024, the environmental impact assessment of the new energy material integration project of Yankuang Lunan Chemical Co., Ltd. was publicly announced before the approval.