Hainan Coconut Island announced that on July 15, the company's board of directors reviewed and approved the "Resolution on the Implementation of the "100,000-ton Fuel Ethanol Project," and plans to cooperate with a large state-owned petrochemical company to implement an annual output of 100,000 tons of fuel ethanol using cassava as raw material. The "100,000 tons fuel ethanol project" of 20,000 tons of liquid carbon dioxide (food grade), the general manager of the board of directors authorized the general manager to apply for approval of the project to the investment authority in accordance with relevant project approval procedures.
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