Chengfa Hubei Co., Ltd.(hereinafter referred to as "Chengfa ") was established in September 2023 with a registered capital of 260 million yuan. The company is located in the Chemical Park of Jingzhou Economic and Technological Development Zone, Hubei Province. It covers an area of approximately 250,000 square meters and employs more than 100 people. The core team members are all from the chemical industry and have outstanding technological innovation capabilities. Chengfa Technology takes the concept of "Achieve low-carbon, develop cycle" and independently innovative PET depolymerization and recycling technology as the cornerstone of its innovation path. It adopts a unique chemical recycling process to depolymerize and purify waste PET into ethylene terephthalate.(BHET) monomer opens up a key node in the industrialization of PET chemical recycling and realizes sustainable recycling of PET.