Junzheng Group plans to invest 20.7 billion yuan in the biodegradation industry
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On the afternoon of June 21, Wuhai City in Inner Mongolia held a ceremony for the centralized signing of key investment attraction projects for 2021. The first phase of Junzheng Group’s green, low-carbon, environmentally friendly and biodegradable plastic recycling industry project, carried out by Inner Mongolia Junzheng Energy Chemical Group Co., Ltd. (Junzheng Group, 601216), has entered into an agreement with Wuhai City. The total investment for this project amounts to 20.7 billion yuan, and construction is set to begin in the near future. Li Chunxiao, **Vice Mayor of Wuhai City, and Du Jiangtao, founder and chairman of the board of Junzheng Group, signed the investment agreement for Phase 1 of the green, low-carbon, environmentally friendly and biodegradable plastic recycling industry project on behalf of Wuhai City** and Junzheng Group respectively. Tang Yi, Secretary of the Wuhai Municipal Party Committee, Yang Jin, Deputy Secretary of the Party Committee and Acting Mayor, and other municipal leaders attended the signing ceremony.
Another great project has emerged, right in the windward position.
Degradability requires specialized technology; it’s definitely a promising industry. Junzheng Group’s stock price soared last year