E company news, Yueyang Forest & Paper Co.Ltd(600963) (600963) announced on the evening of the 13th that recently, Hunan Senhai carbon sink, a wholly-owned subsidiary of the company, and Yongxing Yindu investment and Development Group signed the forestry carbon sink resource development contract for voluntary greenhouse gas emission reduction project, Yongxing Yindu investment and development group entrusts Senhai carbon sequestration to develop forestry carbon sequestration project by stages for the forest / forest land that it has ownership or use right or has obtained legal authorization. The development area of the first phase is 500000 mu. The two sides cooperate first, and one emission reduction is included in the two monitoring periods for 10 years. If the contract is successfully implemented, according to the current carbon trading price in China, it is expected that the net profit of the contract implementation year will be at least 20 million yuan.
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