Changqing Group (002616.SZ) is planning to invest in the construction of the Maoming Changqing cogeneration project Phase II and supporting pipeline network engineering.

Zhijing Finance APP News, Changqing Group (002616.SZ) announced that the company plans to invest in the construction of the second phase of the Maoming Changqing cogeneration project and supporting pipe network engineering. The total estimated investment of the project is 571 million yuan, with approximately 200 million yuan for the second phase of the cogeneration project and approximately 371 million yuan for the supporting pipe network engineering. The company's investment in this project is mainly to meet the steam demand for the expansion of Sinopec Maoming Branch and its downstream supporting industries in the Maoming Changqing cogeneration project.