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Shuangxin Environmental Protection: Wholly-owned subsidiary plans to invest 542 million yuan to build an industrial exhaust gas comprehensive utilization project
Shuangxin Environmental Protection Announcement: The wholly-owned subsidiary Ordos Shuangxin Chemical Industry Co., Ltd. plans to invest 542 million yuan to implement the second phase of industrial exhaust gas comprehensive utilization, with an annual production capacity of 100,000 tons of electronic-grade DMC and an annual output of 30,000 tons of EMC/DEC. The total planned investment for the project is 542 million yuan, including 516 million yuan for construction, 11 million yuan for construction funding, and 15 million yuan for working capital. The funding sources are 163 million yuan from the company’s own funds and 379 million yuan from bank loans. The project construction period is expected to be 24 months.