Rongsheng Petrochemical (002493.SZ) subsidiary plans to invest about 19.6 billion yuan in the construction of a project for transformation and upgrading of integrated refining and chemical engineering.

Wisdom Financial APP News, Rongsheng Petrochemical (002493.SZ) announced that in order to enhance the processing depth of existing products, increase the output ratio of high value-added new materials products, and further strengthen the company's overall competitive strength, the company's controlling subsidiary Zhejiang Petrochemical Co., Ltd. (referred to as "Zheshihua") plans to invest in the transformation and upgrading project of refinery-petrochemical integration. The project is expected to have a total investment of approximately 19.6 billion yuan, with a construction period estimated at 2 years.