Another bio-based materials company was registered!

Yuanli Technology announced that it plans to separately invest 100 million yuan in its own funds to establish a wholly-owned subsidiary, Xing'an Meng Yuanli Biotechnology Co., Ltd. The business scope of the new subsidiary includes bio-based material technology research and development. As early as October 27 this year, the company announced that it planned to invest in the construction of a bio-based new material project in the Xing'an League Economic and Technological Development Zone in Inner Mongolia, using corn, corn cobs and straw as raw materials to produce bio-based succinic acid and other new bio-based materials. . The project will be constructed in three phases, with an investment plan of approximately 1.2 billion yuan in the first phase.