Group 1 - The project by Zhejiang Fengdeng Green Energy Environmental Co., Ltd. aims to establish a hazardous waste resource utilization and green low-carbon project with a total investment of nearly 5 billion yuan, divided into four phases [3] - The first phase of the project, with an investment of 1.04 billion yuan, will take 2 years to complete and is expected to process 200,000 tons of organic waste annually, producing green methanol and low-carbon hydrogen [3] - The project is designed to save approximately 100,000 tons of coal and reduce carbon emissions by about 400,000 tons annually compared to traditional disposal methods [3] Group 2 - The innovative technology developed by Fengdeng Green Energy for hazardous waste resource utilization integrates multiple advanced techniques, enabling the conversion of hazardous waste into high-value chemical products [4] - The project is recognized as a revolutionary innovation in waste disposal methods and serves as a benchmark for the green transformation of the petrochemical industry [4] - The estimated annual revenue from the project is projected to reach 1 billion yuan, with tax contributions of nearly 150 million yuan, alongside a reduction of 400,000 tons of carbon emissions per year [4]

Core Viewpoint - Jiangsu Renxin Environmental Technology Co., Ltd. (Renxin Environmental) has been accepted for bankruptcy liquidation by the court due to its inability to repay debts, which will impact Jiangsu Yabang Dyeing Co., Ltd. (Yabang) as it holds a 15% stake in Renxin Environmental [2][10]. Group 1: Company and Bankruptcy Details - The applicant for bankruptcy is Guannan Chengzhi Chemical Equipment Sales Co., Ltd., which claims that Renxin Environmental cannot repay its due debts [3][6]. - The court accepted the bankruptcy application on June 18, 2025, after determining that Renxin Environmental owed a total of 229,200 yuan (approximately 0.035 million) to the applicant, with no assets available to cover the debts [7]. - Renxin Environmental has a registered capital of 100 million yuan and specializes in environmental technology research and the processing of various industrial chemicals [4][5]. Group 2: Financial Impact on Yabang - Yabang has fully recognized the investment loss in Renxin Environmental, which has been accounted for in other comprehensive income in previous years [10]. - The company has also compensated 86.7576 million yuan (approximately 8.68 million) as a guarantor for Renxin Environmental's overdue financing lease, and has initiated a lawsuit for recovery, which is currently pending [11].