Jiufeng Energy announced that in 2023, the company will invest about 493 million yuan to build a special combustion special gas supporting project for the Hainan commercial space launch site. Up to now, the first phase of the project has been basically completed. Liquid hydrogen and other products have been used in rocket launches and verified many times, and high-purity liquid methane is yet to be verified. In order to meet the new demand, the company implemented the second phase of the capacity expansion plan, with an estimated total investment of about 300 million yuan, and is promoting land use planning and site selection. In addition, the company has also expanded other space launch site cooperation projects. However, there are risks that the benefits of the project will not meet expectations and that the land use and capacity expansion plans are uncertain.

Jiufeng Energy announced that in 2023, the company will invest about 493 million yuan to build a special combustion special gas supporting project for the Hainan commercial space launch site. Up to now, the first phase of the project has been basically completed. Liquid hydrogen and other products have been used in rocket launches and verified many times, and high-purity liquid methane is yet to be verified. In order to meet the new demand, the company implemented the second phase of the capacity expansion plan, with an estimated total investment of about 300 million yuan, and is promoting land use planning and site selection. In addition, the company has also expanded other space launch site cooperation projects. However, there are risks that the benefits of the project will not meet expectations and that the land use and capacity expansion plans are uncertain.