 Home > Chemicals Industry > China Chemical > Vigorously develop biodiesel! Seco Ring Energy is frequently moved

Vigorously develop biodiesel! Seco Ring Energy is frequently moved

 Last Update: 2023-01-04
 Source: Internet
 Author: User

Tags

quantum dot technology

skin lightening oil

Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

Biodiesel is known as "green diesel", its performance is very similar to ordinary diesel, and it is a high-quality alternative
to fossil fuels.
Seco Huaneng is a well-known listed company in China with the main business of food waste resource utilization, and is also a rare listed company in China with the whole industrial chain layout of food waste recycling, focusing on urban organic waste disposal and resource utilization, green energy industry, while harmless treatment of urban food waste, kitchen waste oil (UCO) extraction and processing into biodiesel or industrial grease
.

Recently, Seco Environmental Energy has laid out a number of biodiesel projects
.

On September 22, 2022, Seco Environmental Energy announced that the company and Sichuan Lanbang New Energy Technology Co.
, Ltd.
(hereinafter referred to as "Sichuan Lanbang") signed the "Waste Oil and Biodiesel Sales Agreement", which stipulates that the company's waste grease will be processed into biodiesel by Sichuan Lanbang, and all biodiesel processed by Sichuan Lanbang will be exclusively sold to the company or a third party
designated by the company.

On September 26, Seco Environmental Energy announced that it intends to sign the "Cooperation Agreement" with Shandong Shangneng Investment Holding Group Co.
, Ltd.
(hereinafter referred to as "Shandong Shangneng"), and the two parties intend to jointly invest in the construction of biodiesel projects and establish a joint venture company, Seco Huanneng (Guangrao) New Energy Co.
, Ltd.

Based on its own industrial advantages, Seco Environmental Energy is responsible for the production of raw materials, supply and finished product sales
of the project company.

The announcement disclosed that the registered capital of the joint venture is 30,000,000 yuan, of which Seco Huaneng subscribed to contribute 153 million yuan, accounting for 51%; Shandong Shangneng subscribed a capital contribution of 147 million yuan, accounting for 49%
of the capital.
The scope of business includes biomass fuel processing; Recycling of renewable resources (except productive scrap metals); processing of renewable resources; sales of renewable resources; Technology development, technology transfer, technical consultation, technical services, environmental protection engineering, biology and medicine, new chemical materials, energy and environmental protection, high-tech application in traditional industries, biological products, chemical raw materials and products, etc
.

The 100,000 tons/year ester-based biodiesel and 400,000 tons/hydrocarbon-based biodiesel projects (hereinafter referred to as the "cooperation projects") jointly funded by the two parties have a design and production scale of 500,000 tons/year
.
The cooperation project is divided into two phases, the first phase is designed and produced with a scale of 100,000 tons/year of ester-based biodiesel and 200,000 tons/year of hydrocarbon-based biodiesel, and the specific investment amount and financing method will be determined
by the two parties through separate negotiation.
Cooperate in the construction and operation of cooperative projects in the name of a project company jointly funded by both parties
.

According to the announcement, this cooperation is conducive to the company's integration of external resources to continuously expand various core businesses, further promote the development of waste oil resource utilization, help the company improve the layout of the industrial chain, improve the company's core competitiveness and profitability, and conform to the company's upstream and downstream integration strategy
.

On September 26th, Shangcao Huanneng and Shandong Shangneng officially signed a cooperation agreement
.

Disclaimer: The purpose of this site to publish this information is to disseminate more information, which has nothing to do with
the position of this site.
And solemnly remind all readers, the stock market is risky, investment needs to be cautious, this article is not used as a reference for any investment advice and basis
.

Original: Vigorously develop biodiesel! Seco Ring Energy is frequently moved

This article is an English version of an article which is originally in the Chinese language on echemi.com and is provided for information purposes only. This website makes no representation or warranty of any kind, either expressed or implied, as to the accuracy, completeness ownership or reliability of the article or any translations thereof. If you have any concerns or complaints relating to the article, please send an email, providing a detailed description of the concern or complaint, to service@echemi.com. A staff member will contact you within 5 working days. Once verified, infringing content will be removed immediately.