JINYUAN HCHEM (02502) has launched a project to expand crude benzene hydrogenation capacity and upgrade related equipment.

JINYUAN HCHEM (02502) has announced that the Company has launched a project to expand its crude benzene hydrogenation capacity and upgrade related equipment (the Project). The Project aims to expand the Group's production capacity for hydrogenated phenyl-based chemical products, so as to fully leverage the economies of scale of the equipment and to utilize more advanced technology to increase the output rate of higher-margin products. The types of technology proposed for adoption in the upgrade have achieved safe and stable operation in the industry and delivered significant results. The Group also has an experienced team of production management and technical personnel capable of supporting the construction, commissioning and operation of the Project. The Project will enable the Group to capture the market opportunities presented by the hydrogenated phenyl-based chemicals market. The capital investment amount of the Project is expected to be approximately RMB37 million (tax inclusive), which will be funded by the Group's internal resources.