# Jiangsu Hangnuo announces $140M biodegradable polyester rubber plant in China

Jiangsu Hangnuo New Material Technology Co., Ltd. will build a biodegradable polyester rubber plant in Nantong, China, with a total investment of $140 million. The first phase, a 10,000-ton-per-year line, is to be completed by end of 2024.

- Type: New facility
- Announced: 2023-07-20
- Where: Nantong, Jiangsu, China, China
- Value: $140.0M
- Starts operating: 2024
- Status: announced
- Capacity: 110000 tons per year (total), 10000 tons per year (first phase)
- Products: biodegradable polyester rubber
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md), [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [Jiangsu Hangnuo New Material Technology](https://endata.com/companies/71700.md)
- [Red Avenue New Materials Group](https://endata.com/companies/47497.md) (investor)
- [Jiangsu Hanvo Safety Product](https://endata.com/companies/71701.md) (investor)
- [Rudong Yineng Management Consulting](https://endata.com/companies/71702.md) (investor)
- [Shenzhen Lixin Low Carbon Technology](https://endata.com/companies/71703.md) (investor)
- [Beijing University of Chemical Technology](https://endata.com/companies/71704.md) (partner)
- [South China University of Technology](https://endata.com/companies/71705.md) (partner)

## Sources

- [rubberworld.com](https://rubberworld.com/jiangsu-hangnuo-announces-140-million-biodegradable-polyester-rubber-plant-in-china/), 2023-07-28: "The project is jointly invested by Jiangsu Hanvo Safety Product Co., Ltd., Rudong Yineng Management Consulting Company, Shenzhen Lixin Low Carbon Technology Co., Beijing University of Chemical Technology, South China of University of Technology and Red Avenue New Materials Group Co., Ltd."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.