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A signing ceremony for three new materials projects is held in the Yangkou Port Economic Development Zone. [Photo/Investment Promotion Bureau of Yangkou Port Economic Development Zone]

Agreements for three new materials projects were signed on March 29 in the Yangkou Port Economic Development Zone in Rudong county, Nantong.

The total investment in these three projects amounts to 2.5 billion yuan ($345.5 million), with an expected output value exceeding 4.5 billion yuan. Among them is a project funded by Anhui Evosil Nanomaterials Technology Co Ltd, which will be capable of producing 90,000 metric tons of bio-based silica and special rubber additives annually. The project is being carried out by a team headed by Zhang Liqun, principal of Xi'an Jiaotong University. After 12 years of research, Zhang's team has successfully achieved mass production of bio-based silica, which is expected to have economic benefits, high profit margins, and broad market prospects.

Representatives of businesses praised the investment environment in the development zone, expressing confidence in future development. They hope for continued collaboration and aim to bring more high-quality projects to the zone.

Chen Lei, mayor of Rudong, stated that the confirmed projects boast advanced technology and align well with the major industries of Rudong. They are expected to effectively drive the extension of the industrial chain, optimize the industrial structure, and inject new vitality into the economic development of Rudong, said the mayor. He added that Rudong will continue to improve its business environment and provide efficient services to enterprises.