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Yankuang Energy plans to invest RMB 9.574 billion to build an annual output of 800,000 tons of olefin project.
Jinshi data news on October 25th, Yankuang Energy announced in the evening that its wholly-owned subsidiary, Rongxin Chemical, plans to invest in an 800,000-ton/year olefin project, with an investment of 9.574 billion yuan. The construction funds will be raised in the form of self-owned funds and bank loans, with an investment payback period (including a 36-month construction period) of 9.68 years.