Anhui Liuguo Chemical Co.Ltd(600470) holding subsidiary fined 559800 yuan for environmental violations

According to the data monitored by the “A-share green report” project, Anhui Liuguo Chemical Co.Ltd(600470) (600470. SH) holding subsidiary Anhui Cathay Pacific Chemical Co., Ltd. was subject to administrative punishment for environmental violations. According to item 3 of Article 99 and item 5 of Article 108 of the law of the people’s Republic of China on the prevention and control of air pollution, Anhui Guotai Chemical Co., Ltd. was ordered to make corrections and fined 559800 yuan. The punishment information was disclosed by relevant regulatory authorities on November 22, 2021.

The “A-share green report” project is jointly launched by the daily economic news and the well-known NGO Public Environmental Research Center (IPE) in the field of environmental protection, aiming to make the environmental information of listed companies more sunny and transparent. Based on the authoritative environmental regulatory data released by 31 provinces, municipalities and 337 prefecture level municipal governments, the project selects and monitors the environmental performance of listed companies and their subsidiaries (including branches, joint-stock companies and holding companies), makes professional data analysis and in-depth interpretation, intelligently writes daily, timely publishes the AI green report of listed companies, and launches the A-share green weekly report every week, Regularly and dynamically update the environmental risk list of listed companies.

According to the content of the administrative punishment decision with document No. Yinghuan Punishment [2021] No. 49, the alkali liquor spray device, the waste gas treatment facility in the production of potassium sulfate by Anhui Guotai Chemical Co., Ltd., was not opened, and the spray tower in the polyaluminium drying workshop was shut down; The unorganized dust emission of boiler fine ash storage tank is particularly serious; The hazardous waste warehouse is not equipped with waste gas collection and treatment device as required; The sewage treatment plant is not constructed according to the requirements of environmental assessment, and the organic waste gas is not collected and treated; The coal warehouse is not tightly sealed, the feeding port is not equipped with dust collection facilities, and the feeding conveyor belt is not equipped with dust cover as required; The pressure filter gas collecting hood of polyaluminium workshop is not set up in a standard way, and the installation is too high, which can not effectively collect waste gas.

According to the A-share green weekly report of the previous period (total issue 61), a total of 63 listed companies have recently exposed environmental risks, mainly in Beijing, Zhejiang, Jiangsu and Guangdong. Among them, 25 are state-owned controlled enterprises and 11 are enterprises with a market value of 100 billion. In addition to environmental risks, in the first week of January 2022, 21 projects of A-share listed companies and their subsidiaries entered the publicity status of EIA approval.

The 2020 annual report shows that the main businesses of Anhui Liuguo Chemical Co.Ltd(600470) are compound fertilizer, diammonium phosphate, monoammonium phosphate, urea and hydrogen peroxide, accounting for 34.52%, 23.44%, 13.58%, 8.31% and 2.57% of the revenue respectively.

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