January 30th — Recently, the green, low-carbon innovation demonstration integrated project for maleic anhydride and biodegradable new materials, undertaken by Shandong Hongfeng Chemical Co., Ltd. in the Dongying Port High-end Petrochemical Industrial Park in Shandong Province, is steadily advancing its civil construction. With a total investment of 27.327 billion yuan, this project, as a major initiative in Shandong Province, focuses on products such as maleic anhydride, BDO, and biodegradable polyketone resins, aiming to establish a complete green chemical industry chain. It is expected to achieve full-scale production across the entire industrial chain by 2027. The project has been successfully included in the list of major projects in Shandong Province for 2024. Chempricehub Analysis: 1,4-Butanediol (BDO), Bull-Bear Score: -1 This project focuses on the production of 1,4-butanediol (BDO), with a total investment of 27.327 billion yuan. It is expected to achieve full-scale production by 2027, which will significantly increase market supply. The expansion of supply may lead to downward pressure on spot prices, representing a generally bearish impact. Maleic Anhydride, Bull-Bear Score: -1 The project emphasizes the production of maleic anhydride. As a major project in Shandong Province, its completion is expected to enhance maleic anhydride production capacity. The anticipated increase in supply is likely to exert downward pressure on spot prices, representing a generally bearish impact. Biodegradable Polyketone Resin, Bull-Bear Score: -1 This project aims to establish an industrial chain for biodegradable polyketone resins, with new production capacity set to expand market supply. The growth in supply may exert downward pressure on spot prices, representing a generally bearish impact.