China Credit Trust helps build a green aldehyde-free new material industry chain

Latest News: In order to help achieve the goal of “Double Carbon”, China Chengxin Trust Co., Ltd. (hereinafter referred to as “China Chengxin Trust”) professional subsidiary Zhongcheng Capital Management (Beijing) Co., Ltd. (hereinafter referred to as “China Chengxin Trust”) Zhongcheng Capital”), together with Wanhua Hexiang Ecological Technology Co., Ltd. (hereinafter referred to as “Wanhua Ecology”), and government platforms at all levels in Shandong Province, jointly established a total scale of 2 billion yuan in Shandong Province to convert old and new kinetic energy into Wanhua green and new Materials Industry Fund (hereinafter referred to as the “Fund”).

The fund mainly invests in green and environmentally friendly new materials, new building materials, new home improvement and high-tech fields of upstream and downstream industrial chains related to aldehyde-free straw wood-based panels; the promotion and application of aldehyde-free wood-based panels effectively solve the problems of formaldehyde, benzene, etc. The pollution problem has promoted the green upgrade and healthy development of the entire home improvement industry.

Wanhua Ecology is an enterprise that uses straw and other agricultural and forestry residues and uses formaldehyde-free adhesives (MDI) to produce particleboards. It has a complete set of technological processes, and has related independent technology patents, which has promoted the industrial upgrading of the wood-based panel industry from aldehyde-free to aldehyde-free. Wanhua Hexiang Board’s “Reduction Methodology of Waste Crop Straw Replacing Wood to Produce Wood-based Panel Projects” is one of the 200 national greenhouse gas voluntary emission reduction methodologies that have been evaluated and reviewed by the National Development and Reform Commission, and Wanhua Ecology is also the only one of them. board enterprise. It is estimated that 1m3 of aldehyde-free grass-flavor board/fruit-flavor board reduces carbon dioxide (CO2) emissions by 1.425 tons. As of the end of 2021, Wanhua Eco-formaldehyde-free wood-based panels have a production capacity of 1.5 million cubic meters; it is expected to have a production capacity of nearly 7 million cubic meters by 2026, which may lead the world in scale by then.

At present, Zhongcheng Capital and Wanhua Ecology have completed the fundraising and investment of about 1.4 billion yuan, and have landed in Shandong Binzhou, Heze, Linyi, Anhui Tongling and other projects. In 2022, Zhongcheng Capital will continue to promote fund raising and project investment, and plans to implement production capacity in Hunan, Sichuan, Shandong and other places, and continue to help Wanhua Ecology’s aldehyde-free straw wood-based panel industry chain upgrade and develop.