Core Insights - The article discusses the recent developments in the biomanufacturing industry, particularly focusing on projects related to lactic acid and polylactic acid production in Shandong province, China [2][3][4][5]. Project Developments - The Pingyi Fengyuan Lactic Acid Biotechnology Co., Ltd. is set to invest 60 million yuan in a project to produce 90,000 tons per year of lactic acid, utilizing straw sugar through fermentation and purification processes [3]. - The Pingyi Fengyuan Polylactic Acid Biotechnology Co., Ltd. plans to establish a project with a production capacity of 60,000 tons per year of polylactic acid, using lactic acid as a raw material [5]. - The Pingyi Polylactic Acid Modified Materials Co., Ltd. will invest 15 million yuan in a project to produce 60,000 tons per year of modified polylactic acid, with an expected completion date in January 2026 [6]. Production Capacity and Investment - The lactic acid project will have a production line capable of achieving an annual output of 90,000 tons, while the polylactic acid and modified materials projects will each reach 60,000 tons per year upon completion [3][5][6]. - The total investment for the modified materials project includes 1 million yuan allocated for environmental protection measures [6]. Industry Events - The Fifth Non-Grain Biomass High-Value Utilization Forum will focus on non-grain bio-based chemicals and materials, highlighting the industry's commitment to sustainable practices [9][10]. - The forum will feature various specialized sessions, including discussions on bio-based chemicals and materials, indicating a growing interest in the sector [13].