Hongbaoli: The subsidiary polyurethane company plans to invest 59.5938 million yuan to upgrade the process of the polyether polyol product.

Hongbaoli Announcement: The polyurethane company plans to invest 59.5938 million yuan to build a process upgrade project for polyether polyol products. The project plans to dismantle semi-idle equipment, build a new monomer polyether production line, and use all of it to produce downstream products; increase the capacity of environmentally friendly combined polyether polyols; build a new cyclopentane/isopentane combined polyether production line, and use the original facilities to produce combined polyethers; build a new dipropylene glycol and series by-product production line; and carry out supporting upgrades and new construction of storage tanks, unloading and loading platforms, etc. After the project reaches full production, the average annual sales revenue will be 395 million yuan, and the average annual total profit will be 12.943 million yuan.