Dymatic Chemicals Inc(002054) : Announcement on the commissioning of the holding subsidiary Derong chemical Ethylene Cracking By-Product comprehensive utilization project (phase I)

Securities code: 002054 securities abbreviation: Dymatic Chemicals Inc(002054) Announcement No.: 2022-016 Dymatic Chemicals Inc(002054)

Announcement on trial production and operation of the holding subsidiary Derong chemical Ethylene Cracking By-Product comprehensive utilization project (phase I)

The company and all members of the board of directors guarantee that the information disclosed is true, accurate and complete without false records, misleading statements or major omissions.

The “comprehensive utilization project of ethylene cracking by-products (phase I)” (hereinafter referred to as the “project”) invested and constructed by Zhejiang Derong Chemical Co., Ltd., a holding subsidiary of Dymatic Chemicals Inc(002054) (hereinafter referred to as “the company”), in Zhoushan green petrochemical base, has completed the preliminary work such as engineering construction, equipment installation and commissioning, and the relevant devices have been ready for operation. According to the actual progress, the first batch of units (C5 separation #2 unit, C5 hydrogenation unit, m-pentadiene resin unit and relevant utility units, etc.) have been put into trial production and operation.

The production of the project can further improve the company’s petroleum fine chemicals industry chain, greatly increase the business income of the sector, and improve the company’s profitability and core competitiveness, so that the company’s competitive advantage and overall strength will be continuously enhanced, which is of great strategic significance to the realization of the company’s sustainable development goal.

The management of the company and all employees of Derong chemical will carefully debug, operate safely and steadily during the trial production and operation, and produce qualified products.

It is hereby announced.

Dymatic Chemicals Inc(002054) board of directors February 26, 2002

- Advertisment -