Jinyuan Hydrogenation (02502) has launched a project to expand crude benzene hydrogenation capacity and modify related equipment

According to the Zhitong Finance App, Jinyuan Hydrogenation (02502) announced that the company has launched a project to expand crude benzene hydrogenation capacity and modify related equipment (this project). The project aims to expand the production capacity of the Group's hydrophenyl chemical products to give full play to the economies of scale of the equipment and use more advanced technology to increase the output rate of profitable products.

The type of technology proposed in the transformation has achieved safe and stable operation in the industry and achieved remarkable results. The Group also has an experienced production management and technical personnel team that can support the construction, commissioning and operation of this project. The project will enable the Group to seize the market opportunities presented by the hydrophenyl chemicals market. The estimated capital investment for this project is approximately RMB 37 million (tax included), which will be disbursed from the Group's internal resources.