Tianyuan shares reviewed and approved multiple investment and construction projects such as energy storage and titanium dioxide, with a total investment of approximately 340 million yuan

July 9. Recently, Tianyuan (002386.SZ) reviewed and approved multiple investment and construction projects.

In terms of energy storage, Tianyuan Co., Ltd. takes its holding subsidiary Yibin Haifeng Herui Co., Ltd. as the main investor of the project, investing 72.61 million yuan to build a 40MW/80WWh user-side electrochemical energy storage power station in the open space inside the wall of the original Haifeng Herui Substation. The project construction period is 6 months.

In terms of chemical industry, Haifeng Herui was the main investor and invested 61.0958 million yuan to build the first phase of the hydrochloric acid furnace energy-saving and automation transformation project. The project construction period is 18 months. At the same time, Haifeng Herui will also invest 136.1029 million yuan to build an ion membrane electrolytic cell optimization project in the chlor-alkali plant. The project construction period is 24 months.

In addition, in terms of titanium dioxide, Yibin Tianyuan Haifeng Hetai Co., Ltd., a wholly-owned subsidiary of Tianyuan Co., Ltd., plans to invest in a technical transformation project to improve and optimize the quality of titanium dioxide, with a total investment of 73.8971 million yuan. The project construction period is 11 months.

Data shows that Tianyuan's main business is the production and sales of PVC, ionic membrane caustic soda, hydrazine hydrate, cement, titanium dioxide, PVC-O pipes, LVT flooring, ternary cathode materials, and plastic pipes.