Academia Sinica received a capital increase from Levima New Material Technology Co., Ltd., adding a strong impetus to the company’s future development

      On June 2, Levima Technologies (003022.SZ) issued an announcement that it will increase the capital of Jiangxi Academy of Sciences Bio-New Materials Co., Ltd. by 150 million yuan for the first phase of the 30,000-ton/year PLA entire industrial chain project, and obtain Jiangxi 42.86% of the shares of the Academy of Sciences Biotech New Materials Co., Ltd.

      At present, more than 120 countries and regions around the world have successively introduced the “ban and restrict plastic” policy; in January 2020, the National Development and Reform Commission and the Ministry of Ecology and Environment issued the “Opinions on Further Strengthening the Control of Plastic Pollution”. The development trend of green environmental protection and the upgrading of the “ban and limit plastics” policy have spawned a huge market demand for biodegradable materials. The industrial development has ushered in a mature time. In the future, it will form a market scale of 100 billion yuan and become a “golden track”. Among them, PLA is an important biodegradable material product, and the market continues to be in short supply. However, PLA technology has been monopolized by foreign countries for a long time, and only a few companies have mastered it.
Jiangxi Academy of Sciences Bio-New Material Co., Ltd. is mainly engaged in the research and development, production and sales of biodegradable material PLA. It is one of the domestic enterprises that successfully independently developed the “high-gloss pure lactic acid-high-gloss pure lactide-polylactic acid” whole industry chain technology. . The 1,000-ton PLA integrated production line has been built and successfully tested, forming a mass production capacity. The performance of the whole industry chain product lactic acid-lactide-polylactic acid has passed the inspection of third-party institutions. It is planned to construct the whole industry chain project of 130,000 tons/year of biodegradable material polylactic acid in two phases (the first phase is 30,000 tons/year, The second phase is 100,000 tons/year). The capital increase of Levima Technologies will accelerate the implementation of the project and meet the booming demand of the rapid growth of the market.