Core Viewpoint - The company has signed an agreement with the Haimen Economic and Technological Development Zone to invest in a food waste treatment facility, marking the official launch of its food waste management project [1][2]. Group 1: Project Details - The company will invest $3.6 million in the project within one month of signing the agreement [1]. - The project involves the development, construction, and operation of a biomass refining and carbon sequestration facility for food waste in Haimen [1]. - A wholly-owned subsidiary will be established to operate and implement the project, contingent upon obtaining the necessary operating rights [1]. Group 2: Strategic Importance - The project adopts an innovative "Pengzhou model" and "urban oilfield" approach, aiming to revolutionize food waste management in China [2]. - Strategically located in the Suzhou-Shanghai region, the project will leverage Haimen's geographical advantages to set a benchmark for the company's food waste collection, transportation, and processing system [2]. - If initial operations reveal insufficient processing capacity to handle the daily food waste generated in Haimen, the company plans to invest in a second phase of the project based on the performance of the initial phase [2].
创业集团控股(02221.HK)拟于海门经济技术开发区建设及运营城市生物质生物精炼与碳封存项目