On July 2, a memorandum of understanding on the construction investment and land acquisition support for the Poketone production plant was signed with Ulsan Metropolitan City.

The signing ceremony of the memorandum of understanding held at the Longyuan Plant was attended by Vice President Li Xiangyun and Mayor of Jin Qixuan Ulsan and relevant persons. Through the signing of this memorandum of understanding, we have established a strategic partnership for the establishment of a new polyketone commercial chemical plant and administrative support for the construction and licensing of R&D centers.

It is estimated that Ulsan’s strong points – the infrastructure of the automobile, shipbuilding, and chemical industries – can be used to mine related companies, and after the completion of the polyketone plant, it can contribute to regional economic development.

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