another bio-based materials company was registered!

yuanli technology announced that it plans to separately invest 100 million yuan in its own funds to establish a wholly-owned subsidiary, xing'an meng yuanli biotechnology co., ltd. the business scope of the new subsidiary includes bio-based material technology research and development. as early as october 27 this year, the company announced that it planned to invest in the construction of a bio-based new material project in the xing'an league economic and technological development zone in inner mongolia, using corn, corn cobs and straw as raw materials to produce bio-based succinic acid and other new bio-based materials. . the project will be constructed in three phases, with an investment plan of approximately 1.2 billion yuan in the first phase.