Quechen Company plans to invest 900 million yuan to construct a comprehensive utilization project for biomass (rice husk) silica and a thickening agent project
Quechen Company plans to invest 900 million yuan in the Jiangsu Binhai Economic Development Zone to build two projects: a biomass (rice husk) silica comprehensive utilization project with an annual output of 100,000 tons and a pine thickener project with an annual output of 30,200 tons. The former is expected to invest 700 million yuan, while the latter is expected to invest 200 million yuan, with construction periods of 24 months and 18 months, respectively
According to the Zhitong Finance APP, Quechen Company (605183.SH) announced that it plans to invest in the construction of a "100,000-ton (Phase I: 50,000 tons) biomass (rice husk) silica comprehensive utilization project" and a "30,200-ton pine thickener project" in the coastal industrial park of Jiangsu Binhai Economic Development Zone, with a total estimated investment of 900 million RMB.
Among them, the "100,000-ton (Phase I: 50,000 tons) biomass (rice husk) silica comprehensive utilization project" is expected to invest 700 million RMB, while the "30,200-ton pine thickener project" is expected to invest 200 million RMB. The construction periods for the projects are 24 months and 18 months, respectively
