Summary
[Satellite Chemical: The subsidiary plans to build a refined acrylic acid project with an annual output of 200,000 tons of about 1.1 billion yuan]Satellite Chemical (002648) announced on the evening of May 29 that Pinghu Petrochemical, a wholly-owned subsidiary of the company, cooperated with Zhejiang Dushan Port on May 28. The district management committee signed the “Project Investment Agreement”. Pinghu Petrochemical plans to invest and expand industrial projects in Dushan Port Area, mainly building a refined acrylic acid project with an annual output of 200,000 tons. The total investment of the project is about 1.1 billion yuan, and the investment in fixed assets is about 700 million yuan. (Securities Times)
satellite chemistry(002648) The evening of May 29announcement, Pinghu Petrochemical, a wholly-owned subsidiary of the company, signed a “Project Investment Agreement” with the Management Committee of Zhejiang Dushan Port District on May 28. Pinghu Petrochemical plans to invest and expand industrial projects in Dushan Port Area, mainly building a refined acrylic acid project with an annual output of 200,000 tons. The total investment of the project is about 1.1 billion yuan.Fixed asset investmentAbout 700 million yuan. The project plans to prepare for construction in 2022 and be completed and put into production in 2024.
(Article Source:securitiesTimes)