Yuxin Co., Ltd. announced on November 8 that Hunan Yuxin Energy Technology Co., Ltd. (referred to as “Yuxin Co., Ltd.”) plans to invest in the construction of an annual production capacity of 1,500 through its holding subsidiary Huizhou Boko Environmental Protection New Materials Co., Ltd. tons of copper catalysts and an annual output of 300 tons of precious metal catalyst projects.
Yuxin Shares held the 25th meeting of the third board of directors on November 8, 2023, and reviewed and approved the “Proposal on the Project of the Holding Subsidiary with an Annual Production Production of 1,500 tons of copper-based catalysts and an annual production of 300 tons of precious metal catalysts”. Through its holding subsidiary Huizhou Boko Environmental Protection New Materials Co., Ltd., it invests in the construction of projects with an annual output of 1,500 tons of copper-based catalysts and an annual output of 300 tons of precious metal catalysts.
Project basic situation
Project name: 1,500 tons/year copper catalyst and 300 tons/year precious metal catalyst project
Project construction location: New Materials Industrial Park, Huizhou City, Guangdong Province
Project investment budget and funding sources: The total planned investment of the project is 114.0241 million yuan, including construction investment of 101.2336 million yuan and working capital of 42.6349 million yuan. All project funding sources are self-raised by the enterprise.
Project construction content and scale: The project will construct a 1,500-ton/year copper-based catalyst unit and a 300-ton/year precious metal catalyst unit, as well as supporting public works and auxiliary facilities.
Project construction period: The project construction period is 12 months. Construction is planned to start in November 2023 and is expected to be completed and put into use by November 2024.
Economic benefits of the project: After the project reaches production, it is expected to achieve an average annual sales revenue of 705.3098 million yuan and a net profit of 56.4304 million yuan. The estimated investment internal rate of return (after tax) is 48.89%, and the investment payback period (after tax, including the construction period) is 3.24 years.
Yuxin Co., Ltd. also stated that the project uses its own R&D technology, which is advanced, mature and reliable. It has already produced high-quality catalysts in the early stage, and its performance reaches or even exceeds the international advanced level. This catalyst will be used in the company’s upcoming 120,000 tons/year BDO unit and the 130,000 tons/year BDO and 190,000 tons/year DMS units currently under construction. The use of this catalyst can not only significantly improve BDO selectivity, but also optimize high The value-added product structure can effectively reduce the production cost of BDO; and the catalyst has a longer service life, which can effectively reduce the cost of using the catalyst.
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