September 25, 2024 – Polyphenylene sulfide (PPS), a prominent player in the realm of special engineering plastics and a vital component in aerospace materials, has long relied on imports and has been designated as a strategically important new material by the nation. Its extensive applications in artificial intelligence, new energy, electronic communications, and aerospace underscore its irreplaceable status. Recently, Mingquan Group announced significant progress in its PPS project, which was officially launched in February 2021 with a total investment of 2.5 billion yuan and is being constructed in two phases.
Currently, the first phase of the project has been successfully completed and put into operation, with an annual output of 5,000 tons of resin and related modified products. The second phase, planning an annual production capacity of 25,000 tons, will further expand Mingquan Group’s advantage in PPS production. Notably, the technology adopted in this project is domestically leading and independently developed, with a design capacity scale that ranks among the top in China. Consequently, it has been listed as a “2021 Major Project” by Shandong Province.
During the project’s construction, the Mingquan Group team demonstrated a self-reliant spirit, relying on their own strengths, daring to innovate, and overcoming numerous challenges to successfully tackle many technical difficulties in research and development as well as industrialization. According to AsiaMB’s understanding, the smooth commissioning of the first phase of the PPS project is an important achievement of Mingquan Group’s implementation of the “new three highs” strategy, promotion of high-tech industries, and the establishment of six industrial chains.
Looking forward, Mingquan Group’s PPS project will continue to adhere to the guiding principles of “innovation, creation, development, and expansion.” While ensuring stable production and meeting quality standards, the group will intensify its efforts in modified research and development, actively explore the market, and make greater contributions to the construction of “five modernizations” and the realization of a second transformation for Mingquan Group. Chairman Sun Honghai of the Mingquan Group Board, along with Vice Chairmen Sun Zhitian, Gao Jianping, Li Guang, and other leaders, jointly witnessed this significant moment, with the successful rollout of products being a thrilling scene.