Liao Ning Oxiranchem Inc(300082) it was announced that the company recently signed the strategic cooperation framework agreement on epoxy and carbon dioxide derived green low-carbon fine chemical project with Changxing Island Management Committee. The company plans to invest in the construction of epoxy and carbon dioxide derived green low-carbon fine chemical project in Dalian Changxing Island (Xizhong Island). Among them, the total investment of phase I project is expected to be 5 billion yuan.
On the same day, the company announced that the company signed the strategic cooperation framework agreement on light hydrocarbon wharf project with Changxing Island Management Committee and Menglian petrochemical. The three parties intend to establish a joint venture in Dalian Changxing Island (Xizhong Island) petrochemical industry base. The company holds 35% of the equity of the joint venture and invests in the construction of light hydrocarbon wharf project with the joint venture. The total investment of the project is expected to be about 580 million yuan.
