On June 9, the planned integration project of maleic anhydride and derivatives with a total investment of 1.6 billion yuan was officially launched in the Ningbo Petrochemical Economic and Technological Development Zone. The project is an annual production of 80,000 tons of maleic anhydride and its derivatives. It is located in the Bay Pond area of ​​Ningbo Petrochemical Economic and Technological Development Zone and occupies an area of ​​about 250 acres. It is planned to be completed by the end of next year and will be commissioned in the first quarter of 2013. It is estimated that after the completion of the project, annual sales will reach 1.3 billion yuan and profits and taxes will be 70 million yuan. Ningbo Jiangning Chemical Co., Ltd. is a wholly-owned subsidiary of Jiangshan Chemical, a listed company.
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