Core Insights - The Lianhong Gelun integrated project for new energy materials and biodegradable materials has achieved overall handover in Zaozhuang, Tengzhou, and is expected to be fully operational by the end of this year [1] - The project represents a significant investment of 12.5 billion yuan and covers an area of approximately 1,700 acres, with production capacities including 1.3 million tons/year of methanol-to-olefins (DMTO), 200,000 tons/year of ethylene-vinyl acetate copolymer (EVA), 300,000 tons/year of propylene oxide (PO), 50,000 tons/year of polycarbonate (PPC), and 240,000 tons/year of polyether polyols (PPG) [1] - The project commenced site leveling in February 2023 and will see full construction starting in April 2024, with peak on-site personnel exceeding 12,000 [1] - The chairman of Lianhong Group emphasized the project's importance in solidifying the company's future development and aims for it to become a model of safety, innovation, and efficient operation in the industry [1] Future Plans - By the end of 2025, all projects planned under Lianhong's strategic phase 2.0 are expected to be implemented, leading to clearer business segments in new energy materials, biological materials, electronic materials, and specialty materials, with a richer product variety and enhanced scale [2]

Core Viewpoint - The article highlights the significant progress and investment in the integrated project of Lianhong Gelun, focusing on the establishment of a 240,000 tons/year polyether polyol (PPG) facility, which is a key component of a larger new materials initiative in Shandong Province [2][3]. Summary by Sections Project Overview - The Lianhong Gelun integrated project has a total investment of 12.5 billion yuan, covering over 1,600 acres, and includes multiple production facilities for various materials [3]. - The project features a 200,000 tons/year EVA facility, a 300,000 tons/year CHPPO facility, a 50,000 tons/year PPC facility, and a 1.3 million tons/year DMTO facility, among others [3]. Production Facilities and Technologies - The 240,000 tons/year PPG facility, constructed by Zhuoran Co., utilizes proprietary technology developed by Zhuoran, using upstream-produced epoxy propane and epoxy ethane as raw materials [3]. - The facility aims to produce high-performance polyether polyol products, including soft foam and CASE series [3]. Company Background - Lianhong Gelun (Shandong) New Materials Co., Ltd. was established on September 26, 2021, with a registered capital of 500 million yuan, and is a subsidiary of Lianhong New Materials Technology Co., Ltd. [3]. - The company focuses on four major business areas: new energy materials, biodegradable materials, electronic materials, and other specialty materials [3]. Product Portfolio - The company produces high-value EVA products, with existing capacity exceeding 150,000 tons/year and plans for an additional 200,000 tons/year facility by the end of 2025 [3]. - Other products include lithium battery materials, solid-state battery materials, and various electronic-grade gases, with several projects under construction and expected to be operational by 2025 [4][5][6][7]. Financial Performance - In the first half of 2025, the company reported revenue of 2.911 billion yuan, a year-on-year decrease of 12.13%, while net profit attributable to shareholders increased by 14.15% to 161 million yuan [8].