Longxing Technology Group (SHE:002442) plans to invest 237.3 million yuan in the renovation of carbon black tail gas waste heat power generation units, according to a Shenzhen bourse filing on Friday.
The eleven-month construction will be undertaken in two phases, with one including the setting up of the main plant. The carbon black tail gas boilers will be added in the second phase, the Chinese producer of high-grade carbon black for rubber products said.
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