Black Cat Carbon: Wholly-owned subsidiary Jining Black Cat Carbon Black plans to invest 38.26 million yuan in a new raw gas supporting transformation project

Black Cat Carbon announced that its wholly-owned subsidiary Jining Black Cat Carbon Black Co., Ltd. plans to invest in the construction of a raw gas supporting transformation project with a total investment of 38.26 million yuan. The project is located in the Jining New Materials Park in Jining City, Shandong Province, and includes the construction of a continuous raw gas supporting production line with a processing capacity of 25,000 tons per year, as well as a new intelligent warehouse. This investment aims to enhance the advantages of the production base, reduce carbon black production costs, improve comprehensive utilization efficiency, and promote the development of a circular economy. The project funding will come from self-raised funds in cash