The industry will prosper if the projects are prosperous, and the economy will be strong if the projects are strong. Binhai District regards the construction of key projects as a "strong engine" and "hard support" to promote economic and social development. It seeks breakthroughs, gathers upgrading capabilities, and seeks growth through key projects. One by one, key projects are accelerated, injecting new vitality, adding new impetus, and expanding new space for Binhai's construction and development. At the construction site of the new project of Shandong Tianyu New Materials Co., Ltd., the reporter saw that the workers were stepping up civil construction. The construction site was in good order, and the busy scene could be seen everywhere. The 55,000 tons of nitric acid and 50,000 tons of potassium nitrate projects currently under construction have a total investment of 313 million yuan and a total area of 33 acres, with an average investment of 9.48 million yuan per acre. The project will start construction in March 2024 and is expected to be completed in October 2024.

Sun Yueming, general manager of Shandong Tianyu New Materials Technology Co., Ltd., told reporters: "There are six units planned for the project, all of which have been started, and the overall progress has been completed by 60%. 159 sets of equipment have been purchased and will be installed in late May. In the next 3 to 4 months, all equipment installation and electrical instrument adjustment work will be completed, and it is expected to be put into trial operation in October. Now all workers are seizing the golden period of construction, working overtime to meet the deadline, and reasonably deploying construction forces to ensure the early completion of the project." It is understood that the products produced by the project are mainly used in new energy and agriculture and other fields. The market demand for products is increasing every year, and the market prospects are huge. It will promote the further integration of the photovoltaic industry and rural revitalization, and revitalize rural revitalization with the "new energy + agriculture" model. "After the completion of the project, the production capacity of potassium nitrate can reach more than 100,000 tons, which will solve more than 40 jobs, and the profit and tax are expected to exceed 20 million. Tianyi Group will also continue to increase investment in projects, develop new quality productivity, and contribute to the promotion of high-quality development of Binhai District." Sun Yueming said.