Huaertai (001217.SZ) plans to invest 1.153 billion yuan in the construction of a project for the annual production of 120,000 tons of amino resin using carbon dioxide comprehensive utilization.

Zhitong Finance APP News, Huawei (001217.SZ) announced that the company will invest 1.153 billion yuan to build a carbon dioxide comprehensive utilization project with an annual output of 120,000 tons of amino resin, using self-raised funds (including but not limited to bank loans), to achieve production capacity matching and product structure optimization, enhance the company's comprehensive competitiveness. This project is an extension of the company's industrial chain, using the company's existing products as raw materials to produce a series of amino resin products, which are widely used in the field of coatings.