On the afternoon of May 11, the People's Committee of Hai Phong City coordinated to organize the groundbreaking ceremony of the high-tech biodegradable materials factory project invested by Ecovance Co. Ltd., a member of SK Group - the second largest corporation in Korea. Deputy Prime Minister Tran Luu Quang attended the groundbreaking ceremony.
The project is being implemented on a land area of over 3.2 hectares in Dinh Vu Industrial Park in Dong Hai 2 Ward, Hai An District, Hai Phong City with a total investment of nearly VND 2,400 billion (equivalent to USD 100 million). It is expected that by 2030, the total investment capital of the project will increase to nearly VND 11,900 billion (equivalent to USD 500 million).
Deputy Prime Minister Tran Luu Quang and delegates attended the groundbreaking ceremony of the 100 million USD project in Hai Phong City (Photo: Contributor).
Project for production of biodegradable plastic raw materials and products and related raw materials in the process of producing bio-materials. Production scale of PBAT biodegradable plastic products is 70,000 tons/year; PBS biodegradable plastic products is 59,500 tons/year; THF solvent products (by-products created in the PBAT production process) are 6,300 tons/year.
At the groundbreaking ceremony, Mr. Le Anh Quan - Permanent Vice Chairman of Hai Phong City People's Committee requested the investor to focus resources to implement the project to ensure quality and progress as committed and comply with relevant legal regulations.
In addition, Hai Phong Economic Zone Management Board, Dinh Vu Industrial Park Joint Stock Company (DEEP C), Hai An District People's Committee and related agencies and units coordinate, support and create the best conditions for investors and contractors, ensuring safety, security and order during the construction process.
On the occasion of the groundbreaking ceremony, Mr. Le Anh Quan called on foreign investors in general and SK Group and supporting enterprises in particular to continue to pay attention and research investment in industrial parks and economic zones of Hai Phong City .
Source: https://www.nguoiduatin.vn/tap-doan-lon-thu-2-han-quoc-khoi-cong-du-an-100-trieu-usd-o-hai-phong-a663146.html
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