Jan 1st, Bluepha's first commercial biodegradable material polyhydroxyalkanoates (PHA) plant successfully broke ground. The principle of Yancheng Haixing Group Co,. Ltd, mayor of Binhai County, and other local authorities attended the ceremony.
Covering 86,000 sqm, Bluepha's PHA plant is located in Coastal Industrial Park of Jiangsu Binhai Economic Delepment Zone, with an annual PHA capacity of 25,000 tonnes. The whole plant will take 2 phases. The first phase is designed with 5,000 tonnes per annum PHA resin capacity, and will be completed within the end of 2022.
Dr. ZHANG Haoqian, co-founder and CEO of Bluepha, says that the commencement of Bluepha's first PHA plant is an significant milestone in Bluepha's corporate history, and also a great moment in the development of China's synthetic biology.
Everything is set for commercial production, says Dr. LI Teng, co-founder and president of Bluepha. Due to the excellent performance in material properties, biodegradability and carbon reduction, PHA markets has grown rapidly in recent years. It is estimated that the global demand for PHA will reach 10 million tonnes in the next 20 years, creating a market of about 300 billion RMB.
Special guest Bin Wu, CEO and founding partner of Zhongping Capital, is also present to witness the milestone moment of Bluepha. He congratulates on the landing of Bluepha's first large scale PHA plant, and fully affirms the exploration and achievements of Bluepha in research and development, commercialization and social responsibility.
Finally, mayor of Binhai County, WU Qibiao, delivers a speech and announces the launch of the project. Wu says, the completion and operation of Bluepha's PHA industrialization project will play a leading and demonstration role in breaking foreign monopoly, actively responding to the national call for carbon reduction and promoting the sustainable development of green economy.