剑指全球第一！央企303亿签约200万吨生物基项目

Core Viewpoint - The article discusses a significant investment of 30.3 billion yuan by China Chengtong Holdings Group in collaboration with the Yueyang government to establish a 2 million ton bio-based materials project, which is expected to become the world's largest production capacity upon completion [2][3]. Project Overview - The project involves the construction of a 2 million ton specialty cellulose and 450,000 ton household paper production base, with a total investment of 30.3 billion yuan [3][5]. - The project will be developed in two phases: the first phase will invest 17 billion yuan to build 1.1 million tons of specialty cellulose and 450,000 tons of household paper, starting construction in the first half of 2026 and expected to be operational by the end of 2027, generating an annual output value of 13.05 billion yuan [8]. - The second phase will focus on an additional 900,000 tons of specialty cellulose, with the timeline dependent on the completion of the first phase [8]. Specialty Cellulose Insights - Specialty cellulose refers to high-value cellulose derivatives that have undergone chemical or physical modification, including acetate cellulose and nitrate cellulose [7][9]. - The project is likely to focus on dissolving pulp, which is a key raw material for producing viscose fibers used in clothing [10][12]. - The global demand for dissolving pulp is projected to reach approximately 6.2 million tons in 2024, with China being the largest consumer, requiring over 4 million tons annually, leading to a significant import dependency [15][16]. Market Position and Competitive Landscape - Upon completion, Yueyang Lin Paper is expected to become the world's leading producer of dissolving pulp, significantly reducing China's import needs by nearly half [18][22]. - The project is strategically located in Yueyang, which has advantages such as port access, a developed petrochemical industry, and ample land resources for large-scale projects [19][25]. Operational and Strategic Implications - The operational management of the project is likely to be handled by Hunan Juntai New Materials Technology Co., a subsidiary of Yueyang Lin Paper, which has recently expanded its capabilities in the dissolving pulp market [24][30]. - The investment aligns with the growing trend towards bio-based materials as alternatives to petrochemical products, indicating a shift in the industry towards sustainable practices [26][27].