Company Overview - Zhejiang Fanghua Chemical Co., Ltd. was established in November 2021 as a joint venture between Zhejiang Weihua New Materials Co., Ltd. and Zhejiang Aisen Chemical Co., Ltd. with a registered capital of 300 million yuan [2][4] - The ownership structure consists of Zhejiang Weihua holding 59% and Zhejiang Aisen holding 41% [2][4] - The company specializes in the production and research of specialty chemicals, aiming to become a competitive manufacturer in this sector [2][5] Project Details - The company is planning to construct a new project for the annual production of 10,000 tons of a fourth-generation environmentally friendly refrigerant [3][6] - The project will be located in the Hangzhou Bay Shangyu Economic and Technological Development Zone in Shaoxing City, Zhejiang Province [3] - The total investment for the project is 157.944 million yuan [3] - The construction will involve the renovation of existing facilities and the addition of new structures, including a freezing machine room and a hydrogen pressure machine room, with a total new building area of 490 square meters [3] - The project aims to produce 10,000 tons of tetrafluoropropene refrigerant annually, along with a byproduct of 19,000 tons of 30% hydrofluoric acid [3]