| JNG China won the bid for Guangxi Hengyi Power Station Ammonia Based Desulfurization System Project |
JNG China won the bid for Guangxi Hengyi Power Station Ammonia Based Desulfurization System Project. This is the fourth cooperation between Hengyi Group and JNG China. The project is located in Jingu District, Qinzhou Petrochemical Industrial Park, Guangxi. Two 500t/h boilers and two sets of ammonia based desulfurization ultra-low emission systems will be built.
Guangxi Hengyi New Material Co., Ltd., a subsidiary of Zhejiang Hengyi Group Co., Ltd., formally signed an investment agreement with Qinzhou Municipal Government in July 2019 to officially launch the 1.2 million tons of caprolactam-polyamide project. The total investment of the project is about 20.5 billion yuan, including 11.3 billion yuan in the first phase and 9.2 billion yuan in the second phase. After the two phases of the project are put into operation, the annual sales revenue will be about 20 billion yuan.
Zhejiang Hengyi Group Co., Ltd. is a modern large private enterprise specializing in the production of petrochemical and chemical fiber raw materials. The group has 26000 employees and a total asset of 150 billion yuan, ranking 309th on the Fortune Global 500 list in 2021, ranking 88th in 2021 for the 18th consecutive year, and ranking the top 50 in the top 500 private enterprises in China for the 17th consecutive year (18th in 2021). |
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