On the same day, China Petrochemical Xinxing Henan Energy Development Co., Ltd., China Petrochemical Group Henan Petroleum Exploration Bureau, Nanyang Yongsheng Investment Co., Ltd. and Nanyang Gonggong Investment Co., Ltd. signed a contract to establish China Petrochemical Xinxing Nanyang New Energy Development Co., Ltd. in Henan Oilfield in Guanzhuang Work Area.
It is understood that Sinopec Xinxing Nanyang New Energy Development Co., Ltd. has a registered capital of 1 100 million yuan, mainly engaged in the investment, development, construction and operation of new energy sources such as geothermal energy, solar energy, wind energy and biomass energy, as well as industrial waste heat and pressure.