Core Viewpoint - The production of the first phase of the Puxin Crystal New Energy Special Polyolefin Material Project in Shanghai has officially commenced, addressing long-standing issues of import dependency, supply chain risks, and uncontrollable costs in the industry [1] Investment and Production Details - The project has an investment of 2.25 billion yuan and began construction on June 28, 2024 [1] - The first phase features a core facility with an annual production capacity of 140,000 tons of ultra-high purity high molecular weight polyethylene [1] - The project utilizes Puxin Crystal's self-developed ultra-high purity slurry method and incorporates advanced equipment from Germany and Japan [1] Product Applications and Market Impact - The produced ultra-high purity high molecular weight polyethylene is essential for lithium battery separators, semiconductor filter materials, and high-end medical materials [1] - The company has developed ultra-high purity specialized materials with thicknesses of 9μm, 7μm, and 5μm, which have been recognized by major domestic lithium battery separator companies [1] - This development significantly enhances the safety and self-sufficiency of the domestic power battery separator supply chain [1] Future Expansion Plans - The second phase of the project is expected to commence production in the third quarter of 2026 [1] - Upon full completion, the project will achieve a total production capacity of 280,000 tons per year of ultra-high purity high molecular weight polyethylene [1]