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Hunan Yu new energy technology Co., Ltd. plans to invest in the construction of a light hydrocarbon comprehensive utilization project in Huizhou New Material Industrial Park

electromechanical home. It was learned that on October 30, Hunan Yu new energy technology Co., Ltd. announced that on August 20, 2020, Hunan Yu new Energy Technology Co., Ltd. and the planning and construction headquarters of Huizhou New Material Industrial Park signed the strategic cooperation framework agreement on, The company has made an agreement on the investment and construction of light hydrocarbon comprehensive utilization projects in Huizhou new material industrial park, and the production of carbon 3, carbon 4 and high-end chemical new material products. In order to implement the framework agreement, on October 16, 2020, the 15th meeting of the second board of directors of the company considered and approved the proposal on signing the investment agreement of Yuxin light hydrocarbon comprehensive utilization project, which is to sign the investment agreement of Yuxin light hydrocarbon comprehensive utilization project (hereinafter referred to as the "agreement") with Huizhou huandayawan New Area Management Committee and Huidong County People's Government in the near future, The proposal still needs to be submitted to the fourth extraordinary general meeting of shareholders in 2020 held on November 2, 2020 for deliberation, and formally signed within 30 days after the deliberation and approval of the general meeting of shareholders

it is reported that the relevant agreement mentions that the project includes leading projects and main projects (the main project sub exhibition will also provide a new international platform for mutual discussion, exchange, communication and cooperation for phase I, phase II and long-term projects), with a total investment of about 15.9 billion yuan. It is expected that a brand-new period has come, but the land area is 1.2 million square meters, including about 70000 square meters for the first project, 1.13 million square meters for the first phase, the second phase and the long-term needs of the main project. The annual output value of the first project should reach more than 1billion yuan, the unit output value should reach more than 14000 yuan/square meter, and the annual sales volume should reach more than 1.15 billion yuan. The annual output value of all projects should reach 2 after reaching the production capacity, of which the majority in the research and development stage account for more than 6.5 billion yuan, the unit output value should reach more than 22000 yuan/square meter, and the annual sales volume should reach more than 30 billion yuan