Shanghai Huayi (SH:600623) Zhong Guo Hua Gong Bao·2025-09-15 10:12Group 1 - The company announced the permanent shutdown of its subsidiary Shanghai Huayi Energy Chemical Co., Ltd.'s Wu Jing base [2] - Shanghai Huayi Energy Chemical was established in 1997 and primarily produces methanol, acetic acid, hydrogen, and synthesis gas [2] - The Wu Jing base includes a methanol facility with a designed capacity of 950,000 tons and an acetic acid facility with a designed capacity of 700,000 tons, with 2024 capacity utilization rates of 46.5% and 70.7% respectively [2] - The shutdown is a response to government requirements for industrial transformation and carbon peak initiatives in the Wu Jing area [2] - The company stated that this shutdown will help fulfill its social responsibility for green development and promote its low-carbon transition [2]