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IT Tech Packaging, Inc. Announces the Receipt of Qualification for Biomass CHP Project to Supply Central Heat in Industrial Parks

IT Tech Packaging, Inc. (ITP) 
Company Research Source: PR Newswire
BAODING, China, April 7, 2021 /PRNewswire/ -- IT Tech Packaging, Inc. (NYSE American: ITP) ("ITP" or "the Company"), a leading manufacturer and distributor of diversified paper products in North China, today announced that it has obtained qualification to supply central heating in industrial parks after month-long review process for its combined heat and power generation project utilizing bio mass technology ("Biomass CHP Project").ITP completed procurement bidding process in February 2021 for its Biomass CHP Project. Tai Shan Group Co., Ltd., a top boiler manufacturer in China, won the bid. Construction works on the site have been commenced. With successful operation, the project is expected to generate annual electricity output of 56.45 million kw/h, supply annual electricity of 46.29 million kw/h and generate annual heating steam of 521,100 tons, which are sufficient to meet the Company's internal power and gas demand for paper production, as well as to supply industrial gas to ent Show less Read more
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