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Research reports: CITIC Securities maintains its "outperform" rating on Wanhua Chemical Group, with a target price of 105 yuan.
China International Capital Corporation's research reports pointed out that based on the utilization of mutually synergistic industry chain, Wanhua Chemical Group (600309.SZ) plans to jointly build a 1.6 million ton integrated facility for special polyolefins. Considering the rich experience of the investment consortium in special polyolefin, as well as Wanhua Chemical Group's advantages in ethane supply chain and cost competitiveness of ethane-to-ethylene process route, we believe that the project cooperation has good profit prospects. In addition, the company plans to fully utilize the carbon dioxide captured from ethylene cracking byproduct hydrogen and polyurethane industry chain, as well as 100% zero-carbon electricity used in the joint venture project, to overall reduce carbon dioxide emissions.
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Express News | Wanhua Chemical Says It Plans to Set up Jv With Adnoc, Others to Build Special Polyolefin Integration Facility in Fuzhou
Wanhua Chemical Group (600309.SH) plans to establish a Sino-foreign joint venture and initiate a feasibility study for a special polyolefin project.
Wanhua Chemical Group (stock code: 600309.SH) announced that the company and Wanhua New Materials (Fujian) Co., Ltd. (referred to as 'Wanrong New Materials') signed a project investment agreement.
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