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    Description

    Lifeng New Energy Industrial Park Project of Shandong Hailifeng Geothermal Co., Ltd

    I Name of the project
     
    Lifeng New Energy Industrial Park Project of Shandong Hailifeng Geothermal Co., Ltd.
     
    II Introduction to the project unit
     
    Established in April 2005, Shandong Hailifeng Geothermal Co., Ltd. is the first domestic high-tech enterprisethe of new energy industralization integrating the development and manufacturing of ground source heat pump, design and construction, energy-saving services and import and export practice. The company attaches to Shengli Oil Field Lifeng Industrial Group Co., Ltd., which was founded in 1986 and led by ground source heat pump, net electric workover rig manufacturing, oil wells, oil field chemicals and properties, has dozens of patents for invitation and utility model patents, and has mastered three core technologies of the ground source heat pump, high temperature heat pump and deep geothermal cascade utilization.
     
    III Project content and scale of the construction
     
    Lifeng New Energy Industrial Park Project covers an area of about 301 mu, with a total construction area of 116,100m2, produces 5,000 ground source heat pumps, 50 offshore oil production platform network workover rigs, to build the largest ground source heat pump of Shandong Province, and the mobile operation module production base of offshore oil production platform factory, and promote the development of industrial clusters in Dongying City.
     
    IV Construction conditions of the project
     
    The project site is well equipped with water, electricity and other infrastructure facilities, and management practices to ensure the smooth progress of the project.
     
    V Total investment of the project
     
    $ 151.45 million
     
    VI Market and economic benefit analysis and forecast
     
    After the project reaches target output, the annual sales revenue in amount of 1.09 billion Yuan, profits in amount of 182.9 million Yuan, annual interest rate of 33.33%, and after-tax internal rate of return of 25.38% will be achieved, and the after-tax payback period is 4.8 years.
     
    VII Ways of cooperation
     
    Financing or technology import
     
    VIII Contact information
     
    Contact address: Dongying Economic Development Zone, Dongying City
     
    Contact person: Hu Dequn
     
    Post code: 257091
    -----by Department of Commerce of Shandong Province

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