Xinjiang Zhongtai Group established a new energy company with a registered capital of 100 million yuan

In order to thoroughly implement the three-year action plan for the reform of state-owned enterprises, serve the national development strategy, and support the development of Xinjiang’s new energy industry, in accordance with the autonomous region’s industrial planning and the autonomous region’s SASAC’s development positioning for Xinjiang Zhongtai Group, Xinjiang Zhongtai New Energy Co.
, Ltd.
(Hereinafter referred to as "Zhongtai New Energy") was established in Xinjiang
.

Zhongtai New Energy Company has a registered capital of 100 million yuan and is a wholly-owned subsidiary invested and established by Xinjiang Zhongtai Group
.

Zhongtai New Energy will act as the lead company of Zhongtai Group’s new energy sector, integrate Zhongtai Group’s existing energy industry and resources, accelerate the establishment of Zhongtai Group’s green and low-carbon industrial chain and new energy resource guarantee industrial chain, and focus on the implementation of "Carbon Peak" "Carbon neutrality" strategic goal, vigorously promote the transformation and sustainable development of green and low-carbon industries

Focusing on the development and growth of the new energy sector, Zhongtai New Energy will increase, strengthen and supplement the chain on the basis of the existing energy industry of the Zhongtai Group, take the lead in integrating the resources of the Zhongtai Group's energy industry, and actively deploy renewable energy power generation projects in Xinjiang , To coordinate the development of national wind, water, and gas resources, to build a green and low-carbon recycling development demonstration project, centering on the functional positioning and strategic tasks of the sector, to improve the leadership of the energy industry with market-oriented operation and industrial investment, and to continue to promote the high quality of the Zhongtai Group Development
.

It is understood that on the one hand, Zhongtai New Energy will build an energy investment and management platform, cultivate and incubate high-quality energy industry projects to land in the capital market, improve financing capabilities, and help promote the preservation and appreciation of state-owned assets in the field of new energy
.

On the other hand, by adjusting the energy industry structure, continuously strengthening the accumulation of energy industry and the integration of oil and gas resources, and vigorously promoting cooperation in energy resource supply, guaranteeing the supply of crude oil, chemical raw materials and petroleum and natural gas in the “refining-chemical-spinning” integrated industrial chain of Zhongtai Group Supply of oil and gas resources in the chemical sector

According to reports, Xinjiang Zhongtai Group is a state-owned enterprise funded and established by the People’s Government of the Autonomous Region and directly supervised by the State-owned Assets Supervision and Administration Commission of the Autonomous Region
.

In 2006, Zhongtai Chemical was listed on the Shenzhen Stock Exchange