Shandong Hualu-Hengsheng Chemical (SHA:600426) completed its coal gasification platform upgrade and transformation project, according to a Tuesday filing with the Shanghai bourse.
The project upgrades existing gasification equipment that produces syngas using coal as raw material. Following the upgrade, syngas production is expected to reach 450,933 normal cubic meters per hour.
Total investment reached 3.04 billion yuan.
Company shares rose nearly 2% during the midday break on Tuesday.