After the cooperation, Yuan Su Hui Tong will expand its production capacity to 35,000 tons of modified materials and 20,000 tons of products per year.

The Bioplastics Research Institute reported that on March 19, 2025, Element Huition New Materials (Yangzhou) Co., Ltd. was officially inaugurated, marking a strategic cooperation between Element Driven (Hangzhou) Biotechnology Co., Ltd. and the A-share listed company Yangzhou Huition Technology Co., Ltd. (stock abbreviation: Huition Technology, stock code: 301601), as well as its subsidiary Yangzhou Huition New Materials Co., Ltd. Both parties will rely on technological synergy and resource complementarity to jointly promote the upgrading of the biodegradable materials industry.

The predecessor of Element Huition was Yangzhou Huition New Materials Co., Ltd., established in 2021, with Huition Technology holding 75%, focusing on the research and development and production of biodegradable modified materials. In 2023, the total assets of Huition New Materials were 26.52 million yuan, with a net profit of -2.51 million yuan. On February 26, 2025, it changed to its current name and was 51% held by Element Drive.

This collaboration integrates the innovative advantages of Element Drive in the field of synthetic biotechnology with Huitong Technology's nearly 30 years of experience in high-end equipment manufacturing, forming a full-chain collaborative model of "technology R&D + engineering implementation."

Element Drive, established in 2021, as a specialized, refined, unique, and innovative enterprise in the synthetic biology field, has independently developed the MiNT X Platform, which has built a patent technology system covering gene editing, AI protein computing to process scaling. Its globally pioneering bio-based material PiX, which combines cost and performance advantages, is expected to be put into production by the end of 2025 at the mass production factory "Element Manufacturing." Huitong Technology leads in the biodegradable equipment and engineering general contracting sectors, with its subsidiary Huitong New Materials already deployed in various application scenarios such as disposable packaging and agricultural mulch films. Huitong Technology (301601) went public, opening with a 366.95% increase.

After the cooperation, Yuan Su Huition will expand its production capacity to 35,000 tons of modified materials and 20,000 tons of products annually. The product matrix, based on existing tableware and film bags, will be expanded to high-value-added areas such as footwear, stationery, toys, and home textiles, and explore cutting-edge applications such as 3D printing materials. The company will also rely on the Beijing Biodegradable Biomass Materials Research and Development Center platform to advance the development of intelligent equipment and scenario-based products. In the future, the company will accelerate its production capacity layout and build a larger and more technologically advanced biodegradable modified material production base.

Element Drive Chairman Liu Minhao stated that the cooperation will accelerate the large-scale application of biodegradable materials, fulfilling the mission of "green manufacturing." Huitong Technology General Manager Zhang Jiangang pointed out that the listed company will leverage its equipment manufacturing advantages to build a collaborative system from laboratory to industrialization. Element Huitong General Manager Shen Kuanliang emphasized that the company will join forces with industry chain partners to promote the clustered development of biodegradable materials, providing support for the "dual carbon" goals.

This collaboration not only provides the industry with a "technology + industry" innovation paradigm, but also uses dual engines of technological breakthroughs and production capacity layout to help China's biodegradable materials industry move to the forefront globally.