Jiaze New Energy announced on December 14th that its holding subsidiary, Shanghai Jiayi Rongyuan Energy Chemical Co., Ltd., signed an investment contract with the Jixi Municipal People’s Government for the Jixi City Green Hydrogen Alcohol Aviation Oil Chemical Co-production Project.
Shanghai Jiayi Rongyuan’s wholly-owned subsidiary, Heilongjiang Jiayi Rongyuan Green Chemical Co., Ltd., plans to raise funds through its own resources and financial institutions to invest in and construct the 300,000-ton green hydrogen alcohol aviation oil chemical co-production project in Jidong County, Jixi City, Heilongjiang Province.
The total planned investment for the green hydrogen alcohol project is approximately 3.57 billion yuan. The company will invest in stages based on the progress of the project.
