Red sun is burning with enthusiasm. On July 10, Shaanxi Huabin Zhengkai New Energy Technology Co., Ltd.held the opening ceremony of foundation treatment project of 300,000 tons/year ethylene glycol project at the site of the ethylene glycol project. The chairman of the company, Mi Xiaolong, General Manager Liu Shunfu, members of the management team and members of the management team of Shaanxi Runzhong Clean Energy Co., Ltd., as well as the directors of Shengli Oilfield xinxing Emerging Engineering Supervision Consulting Co., Ltd., Shaanxi Longhai Newly Created Foundation Engineering Co., Ltd., and Binxian Construction and Installation Co., Ltd. attended the ceremony. The opening ceremony was presided over by Comrade Chang Cheng, deputy general manager of the company.

At the ceremony, the leaders of Shengli Oilfield Emerging Engineering Supervision Consulting Co., Ltd. and SShaanxi Longhai Newly Created Foundation Engineering Co., Ltd.delivered congratulations and made passionate statements. Finally, Comrade Liu Shunfu, general manager of our company, made an important speech. He said that in future project construction, we should take a 'scientific and pragmatic, excellence' attitude, under the premise of safe and civilized construction, according to the progress of the project, complete the construction work with high quality and high level, and strive to build 300,000 tons/year glycol project into a high-quality monument project.

Shaanxi Huabin Zhengkai New Energy Technology Co., Ltd.'s 300,000 tons/year ethylene glycol project is located in the reserved area of Shaanxi Runzhong Clean Energy Co., Ltd. The second generation of high-pressure carbonylated ethylene glycol synthesis technology (STEG-II) of Shanghai Wuzheng Engineering Technology Co., Ltd. was designed by China Universal Engineering Design Institute. EPC general contracting is adopted for the construction of the project. The construction period is 18 months. The project is scheduled to be completed by December 2020 and has the conditions for material input. The total investment of the project is 1.971 billion yuan. After completion and commissioning, after-tax investment return rate is 20.43%, after-tax investment return cycle is 6.05 years (including construction period), after-tax financial net present value is about 800 million yuan.