The project is invested and constructed by Jiangsu Jinghong New Materials Technology Co., Ltd., covering an area of 400 acres with a planned total investment of 2 billion yuan. It plans to build a new factory of 150000 square meters and construct 10 polylactic acid production lines. The company has introduced domestic and foreign doctoral teams and has the ability to independently design and manufacture key equipment, making it the first domestic enterprise to independently master the two-step synthesis of polylactic acid equipment. After the project is completed, it can produce 55000 tons of polylactic acid annually, achieve annual invoicing sales of 3 billion yuan, and tax revenue of 150 million yuan.