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(1) Sinopec plans to purchase equity assets, non-equity assets and liabilities of Sinopec Group Asset Management Co.
(2) Yizheng Chemical Fiber, a wholly-owned subsidiary of the company, plans to purchase non-equity assets and liabilities such as the PBT resin business of Yizheng Branch held by the asset company for 1.
(3) Sinopec plans to purchase non-equity assets and liabilities such as the thermal power business held by the Group Yanshan for 1.
It is understood that the assets acquired by Sinopec include non-equity assets such as thermal power, water affairs, PBT resin and other non-equity assets, as well as Anqing Shuguang (25% equity), Qimin Energy (90% equity), Yihua Bona (40% equity), Yihua Huadongli (50% equity) and other equity assets
The Petrochemical Asset Management Yizheng Branch acquired by Sinopec has an annual PBT production capacity of 140,000 tons and an annual PBAT production capacity of 30,000 tons.
Yizheng Chemical Fiber's annual production of 120,000 tons of PBT/60,000 tons of PBXT flexible transformation project has been in the stage of environmental impact assessment.
Benefiting from the promotion of national policies, the demand for degradable plastics in China continues to grow, and the market scale continues to rise.
In addition to PBAT, Sinopec has also deployed biodegradable materials such as PBST, polylactic acid, and PGA
