Tianyuan Co., Ltd. (002386.SZ) subsidiary plans to invest 363 million yuan to build a ketone and nitrogen hydrazine hydrate project with an annual output of 30,000 tons

According to the Zhitong Finance App, Tianyuan Co., Ltd. (002386.SZ) announced that the company's holding subsidiary, Yibin Haifeng Herui Co., Ltd. plans to invest 363 million yuan to build a new ketone and nitrogen hydrazine hydrate project with an annual output of 30,000 tons on a newly acquired plot in Jiang'an County Industrial Park. Hydrazine hydrate is a high-quality chlorine consumption product. The project construction can effectively replace some of the lost PVC production capacity, guarantee chlorine balance in the chlor-alkali industry, and improve overall profitability. At the same time, using the characteristics of high steam demand from hydrazine hydrate devices, it can balance surplus steam from the company's thermoelectric devices, achieve hierarchical utilization of energy, and further promote comprehensive utilization of resources, cost reduction and efficiency.