Zhongke Baichuang Environmental Biotechnology (Guantao) Co., Ltd. was established on August 31, 2022 with a registered capital of 5.5 billion yuan. It is China International Financial Investment Group Co., Ltd. (registered in Hong Kong, established on May 10, 2022, registered Capital 2.55 billion euros) holding 85% of the subsidiary company.

The project covers an area of ​​500 acres and plans to build a workshop of 238,800 square meters, a warehouse of 31,200 square meters, an office building of 12,000 square meters, and other ancillary facilities of 25,000 square meters. It is planned to produce 300,000 tons of bio-based new material polylactic acid fiber per year (PLA).

The project will use agricultural solid waste corn stalks as raw materials to produce polylactic acid fiber (PLA) through biological fermentation technology, drive the downstream development of green textile and green plastic processing industries of polylactic acid, and gradually replace petroleum-based plastics (PE, PP, PVC, etc.) and Chemical fibers (PET, PBT, PTT, etc.) can eliminate white pollution and achieve sustainable development of green economy.

Today (June 30), the 300,000-ton/year coal chemical CO₂ capture project was completed and put into operation in Yulin, Shaanxi, an important national energy base. This project relies on high-purity coal-to-methanol plants and facilities. CO₂ gas is used as raw material for capture, all of which are used for oil displacement and geological storage in oilfields in northern Shaanxi, driving carbon dioxide into the ground and driving out oil. It is understood that the capture energy consumption of the project is 1.36 GJ/ton, and the cost is 105 yuan/ton. It is one of the devices with lower energy consumption and lower cost in domestic CO₂ capture projects. After the project is put into operation, it can reduce carbon dioxide emissions by 300,000 tons per year. , equivalent to planting 16.68 million trees.

Liang Quansheng, deputy chief engineer of Yanchang Petroleum Research Institute: The proven reserves of Yanchang Oilfield are 3.41 billion tons, and the amount suitable for carbon dioxide flooding is 1.7 billion tons. Calculated based on an 8% increase in recovery factor, it is equivalent to adding a new 136 million tons of recoverable oil.