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    Home > Chemicals Industry > Rubber Plastic News > Jinneng Technology: 500 million yuan of funds raised to change investment in 900,000 tons of PDH and 450,000 tons of high-performance PP projects

    Jinneng Technology: 500 million yuan of funds raised to change investment in 900,000 tons of PDH and 450,000 tons of high-performance PP projects

    • Last Update: 2022-10-30
    • Source: Internet
    • Author: User
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    Jinneng Technology announced on June 29 that in order to improve the use efficiency of the raised funds and enhance the company's performance, the company plans to change the 2×450,000-ton/year high-performance polypropylene project invested by the raised funds.
    The project originally planned to use the raised funds to invest 10 The implementation entity is Jinneng Chemical (Qingdao) Co.
    , Ltd.
    The investment amount involved in this change is 500 million yuan, accounting for 50.
    04% of the total project financing

    .
    As of June 15, the 2 × 450,000 tons/year high-performance polypropylene project has used 530 million yuan of raised funds, and the proposed change is 500 million yuan

    .

    According to its own development needs, it plans to change some of the investment projects with raised funds.
    The plan is as follows: 1.
    Keep a set of 450,000 tons/year high-performance polypropylene projects in the original investment projects unchanged (using the Spheripol process)

    .
    2.
    Newly added 900,000 tons/year propane dehydrogenation project and 450,000 tons/year high-performance polypropylene project (using Spherizone process)

    .
    After the company's investment projects are changed, the raised funds will increase the scope of use.
    The investment projects are 900,000 tons/year propane dehydrogenation, 450,000 tons/year high-performance polypropylene (using Spherizone process) project (hereinafter referred to as "new project").
    The main body of the project is Jinneng Chemical (Qingdao) Co.
    ,

    Ltd.

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