Hengyi Petrochemical: Plans to invest 687 million yuan to build a project for the recycling of 300,000 tons of used textiles per year.

Hengyi Petrochemical announced that its subsidiary Haining Hengyi New Materials Co., Ltd. plans to invest in the construction of a "300,000-ton annual waste textile recycling project." The total investment for the project is expected to be 687 million yuan. Once completed, the project will have an annual capacity of 300,000 tons of green recycled new materials and 100,000 tons of glucose. The construction period for the project is 15 months.