Keyuan Petrochemicals, Inc. (KYNP.OB) Plans to Generate $1.76 Million in Energy Savings per Year with Gas-fired Steam Boiler
Located in Ningbo, China, Keyuan Petrochemicals was established in 2007 and has been operating through its wholly-owned subsidiary, Keyuan Plastics. In this short period of time, Keyuan has evolved into a leading independent manufacturer and supplier of various petrochemical products. Today, the young company took a major step towards enhancing its future announcing they have commenced construction on a new gas-fired boiler. The project is intended to be completed by the end of November and will cost Keyuan USD $1.47 million. If successful, the gas-fired boiler will cut approximately 30% of all steam supply costs and save the company $1.76…