RENXIN: Plans to sign an investment agreement for the integrated project of polystyrene new materials, with a total investment of 3.8 billion yuan

Zhitong
2025.10.28 11:21

RENXIN announced that the company plans to sign the "Investment Agreement for the Integrated Project of Polystyrene New Materials" with the Petrochemical Energy Industry Bureau of the Huizhou Daya Bay Economic and Technological Development Zone Management Committee, with a total investment of 3.8 billion yuan. The project will be constructed in two phases: Phase I will invest in the production of low-cis polybutadiene new materials/synthesized styrene-butadiene rubber, high-impact polystyrene/transparent HIPS, and polymethyl methacrylate/methyl methacrylate copolymer new materials; Phase II will invest in the production of tert-butanol, propylene oxide, methyl methacrylate, and butyl rubber. The project covers an area of 264,000 square meters, and after reaching full production, it is expected to generate an annual output value/revenue of 7.8 billion yuan and an annual tax payment of 450 million yuan. The funding sources will be the company's own funds, self-raised funds, and raised funds

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