Core Viewpoint - Ningxia Yinglite Chemical Co., Ltd. has released its 2024 annual report and ESG report, highlighting its commitment to green energy and sustainable development as a state-owned enterprise under the National Energy Investment Group [1][2][3] Group 1: ESG Initiatives - The company has initiated a distributed photovoltaic project with a total installed capacity of 1.85948 MWp, expected to generate 35.22 million kWh of clean energy, saving approximately 11,482 tons of standard coal and reducing CO2 emissions by 2,782 tons [1] - Yinglite has received approval for a 10 MW wind power project, which will consist of two 5,000 kW wind turbines, with an estimated annual generation of 22.44 million kWh, saving about 680 tons of standard coal and reducing CO2 emissions by 1,860 tons [2] - The company is aligning its carbon peak and carbon neutrality goals with management performance assessments to ensure effective achievement of these targets [2] Group 2: Technological Advancements - The company has upgraded its production capacity by replacing four 20 MVA electric furnaces with four 40.5 MVA closed electric furnaces, significantly enhancing energy efficiency and reducing CO emissions [3] - The annual production capacity of the electric furnace project has been fully realized in the first quarter of 2024, contributing to lower energy consumption and improved product output [3] Group 3: Community Engagement and Development - Yinglite has actively participated in rural revitalization efforts, contributing 1.207 million yuan through the "Smart Procurement Mall" platform to support designated counties [3] - The company aims to integrate resource-saving concepts into its production processes while collaborating with local systems for raw material supply and product sales [4]
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