Recently, Ruitongda Trading (Beijing) Co., Ltd., joint with AXENS, the leading international petrochemical technology licensor, signed a technology license contract with Shandong Haike Group to provide PDP technology for their 500Kta bio-based aviation fuel technology revamp and supporting projects.
The project belong to the Haike group Yike High end New Resin Materials Industrial Park, which located in the Chemical Industry Park of Dongying City, Shandong Province, The industrial park plans to invest 6 RMB billion and usearea of 530 acres, It including 450 kta ABS high-end resin and supporting projects, 50kta of high-performance styrene butadiene latex, 150kta of engineering plastics and supporting new material research and development base construction. It is a key project of Shandong Province in 2023 and a core development of the park. It is also following Haike Group "high, precision, and cutting-edge" strategy.
The 500Kta bio based aviation fuel technology revamp and supporting project is the core project of Haike Group for the production of bio-based aviation fuel, biodiesel and other advanced biomass liquid fuels used the feedstock of the waste animal and vegetable fats and their derivatives in following the China national strategy of "carbon peaking, carbon neutrality". Compared with traditional fossil fuels such as crude oil, this liquid fuel can reduce carbon emissions by more than 80%, and the project will reduce carbon dioxide emissions by 80,000 tons per year. It is a powerful practice for Haike Group's strategy transformation towards high-end and low-carbon.
AXENS, is an international first-class technology licensor in the field of bio-mass aviation fuel technology, with unique technologies and numerous commercial reference worldwide. This is a reliable technical guarantee for the success of the Haike’s project.
