Shi Dashenghua invested in the construction of two electrolyte projects

　　On June 16, Shi Dashenghua announced that it plans to invest in two electrolyte projects
.

　　The announcement shows that the company plans to set up a wholly-owned subsidiary, Shenghua New Energy Technology (Meishan) Co.
, Ltd.
, to build 200,000 tons/year of electrolyte and supporting projects
.
The project is located in Sichuan Meishan High-tech Industrial Park, with an investment of about 2.
15 billion yuan.
The construction content includes a 200,000-ton/year electrolyte unit, a 100,000-ton/year dimethyl carbonate (DMC) unit, and a 50,000-ton/year methyl ethyl carbonate unit.
Ester (EMC) plant and supporting public works are expected to be put into operation in December 2023
.

　　The company's wholly-owned subsidiary Shenghua New Energy Technology (Wuhan) Co.
, Ltd.
will invest in the construction of 200,000 tons/year electrolyte and supporting public works projects
.
The project is located in Wuhan Chemical Industrial Park, Hubei Province, with a total investment of 1.
224 billion yuan and is expected to be put into operation in October 2023
.

　　Shi Dashenghua said that the construction of the electrolyte project is an extension of its business in the new energy materials industry, which will give full play to the company's resource advantages in the field of new energy materials, increase the added value of products, increase profit growth points, and promote the core competitiveness of enterprises.
boost
.