The phenolic resin project with an annual output of 15000 tons of Wuhai Black Cat Carbon Black Co., Ltd. was successfully put into operation. After the project was approved by the Development and Reform Commission of Hainan District, Wuhai City, Inner Mongolia Autonomous Region, after careful preparation and construction, the infrastructure construction was finally completed on June 10, 2024 and successfully entered the joint commissioning stage. During the first batch of trial production, 10 tons of products meeting quality standards were successfully produced, marking that this important project has officially entered a new stage of production and operation.

The phenolic resin project of Wuhai Black Cat Carbon Black Co., Ltd., relying on its unique industrial layout advantages, has achieved close connection with the local upstream and downstream industrial chains and optimized allocation of industrial supporting facilities.

According to the Carbon Black Industry Network, after the project is fully put into operation, it is expected to bring 380 million yuan in annual operating income to Wuhai Black Cat. This is undoubtedly an important milestone for the company. The successful commissioning of the phenolic resin project will not only effectively improve Wuhai Black Cat's revenue structure that relied on a single carbon black product in the past, but will also further enhance the company's comprehensive profitability and market competitiveness.