On April 10, Ningbo LG Yongxing Chemical Co., Ltd. held the foundation laying ceremony for the project with an annual output of 100,000 tons of NBL polymer materials.

The total investment of the project is 330 million yuan, covering an area of 30 mu, adopting the latest technology of LG Chemical. The design and construction period is about one year, and it is expected to be put into production in April next year.

It is understood that LG Chemical Headquarters decided to invest in NBL project in Ningbo in July 2019. During the preliminary work of the project, the examination and approval work was temporarily suspended due to the epidemic situation. Then, with the full support of Ningbo City and Zhenhai District government, the project team finally completed all the examination and approval procedures after 9 months of efforts.