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Ministry of Economic Affairs' Affordable Plastic Bag Project to Enter Market This Week

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AI Summary (NQ-processed)

The Ministry of Economic Affairs announced today that it launched an affordable plastic bag project in April to address the impact of the Middle East situation on petrochemical raw material supply. With CPC's No. 4 naphtha cracker starting early on April 1 and increasing ethylene production capacity, contracts for 5,000 tons of affordable raw materials have been completed. This is expected to supply approximately 1.25 billion plastic bags, which will be gradually distributed to the market starting this week.

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Frequently Asked Questions

Q: Why did the Ministry of Economic Affairs launch the affordable plastic bag project?
A: The Ministry of Economic Affairs launched this project to address the impact of the Middle East situation on the supply of petrochemical raw materials.
Q: How many plastic bags are expected to be supplied through this project?
A: Contracts for 5,000 tons of raw materials have been completed, which is expected to supply approximately 1.25 billion plastic bags.