Sanjiang Chemical agrees energy efficiency deal worth 62.5m yuan

China Sanjiang Fine Chemicals has agreed an energy management deal with connected party Haoxing Energy Conservation to modify drive motors at its EO/EG production facilities.

The agreement runs until December 2027 on a 50/50 profit-sharing basis for energy savings. Annual payment caps are set at 12.5m yuan for 2025 and 25m yuan each for 2026 and 2027.

The upgrades target the company's 1m tonne yearly output facilities to boost efficiency and reduce electricity costs.