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Jiangsu Guotai announced on May 30 that Huarong Chemical, a subsidiary of the company, plans to set up a wholly-owned subsidiary Zigong Huarong with its own or self-raised funds of 200 million yuan to invest in the construction of an annual output of 300,000 tons of lithium-ion battery electrolyte and recycling of 2,000 tons of solvent The project is expected to have a total investment of 51 billion yuan, of which the construction investment is 01 billion yu.