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Jiangsu Red Sun Group has reached an agreement with ** in Wanzhou District to invest billions of yuan there to develop a natural gas biochemical industry chain project that features independent innovation and proprietary intellectual property rights. This project is a key high-tech export product development project under the **11th Five-Year Plan**. It is reported that the project is expected to start construction in April 2008, with trial production beginning in December 2008. Once the first phase of the project is operational, it is anticipated that annual sales revenue could reach 5 billion yuan, generating profits and taxes of 1.5 billion yuan. The entire project will be completed in 3 years, at which time it is expected to generate annual sales revenue of 10 billion yuan, with export earnings exceeding 500 million dollars. Further news: Yesterday, Wu Zhenglong, member of the Municipal Party Committee and secretary of the Wanzhou District Party Committee, met with Yang Shouhai, chairman and president of Jiangsu Red Sun Group, and his entourage at Chongqing Jinyuan Grand Hotel. The two sides had a cordial and friendly conversation. During the meeting, Wu Zhenglong said that Wanzhou is accelerating the development of an industrial base with local characteristics in the reservoir area, leveraging abundant resources such as rock salt and natural gas to foster specialty industries and address the issue of an underdeveloped industrial sector. Wanzhou District attaches great importance to the establishment of the Red Sun Group’s natural gas biochemical industry chain project in Wanzhou. It will go to great lengths to provide excellent services and create a favorable environment for development, so as to facilitate the early completion of the project. Yang Shouhai said that Red Sun Group will accelerate the implementation of the project, aiming to turn the Red Sun Wanzhou project into an internationally leading industrial park focused on green environmental protection and circular economy. By making use of Wanzhou’s advantageous resources, the group seeks to promote the development of the region’s industrial economy. I’ve been looking at it for a long time but still don’t understand what’s going on. If anyone knows, please let me know
It’s not clear what technology it uses, so it’s impossible to analyze it. These days it’s all about creating concepts; there’s a lot of hype, but little actual action. I don’t see much real significance in it.
Natural gas biochemistry – what is that? ? Come up with a conceptual idea?
Jiangsu Red Sun Group is a traditional real estate company – how did it end up entering the chemical industry?