CHANT GROUP plans to invest in the second phase of the Maoming CHANT cogeneration project and supporting pipeline engineering
CHANT GROUP announced plans to invest CNY 571 million in the construction of the Maoming CHANT cogeneration project phase II and supporting pipeline engineering. Among them, the investment for phase II of the cogeneration project is approximately CNY 200 million, and the investment for the supporting pipeline engineering is approximately CNY 371 million. The project aims to meet the steam demand of China Petroleum & Chemical Corporation Maoming Branch for its expansion and its downstream industries
According to the Zhitong Finance APP, CHANT GROUP (002616.SZ) announced that the company plans to invest in the construction of the Maoming CHANT cogeneration project phase II and supporting pipeline engineering, with a total estimated investment of 571 million yuan. Among this, the investment amount for the cogeneration project phase II is approximately 200 million yuan, and the investment amount for the supporting pipeline engineering is approximately 371 million yuan. The company's investment in this project is mainly to meet the steam demand of China Petroleum & Chemical Corporation Maoming Branch, which is a customer of the Maoming CHANT cogeneration project, due to its expansion and the steam demand of its downstream supporting industries
