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0 0.0214545454545455 0.0218181818181818 0.000181818181818162 0.000545454545454485 0.000545454545454485 0.000727272727272647 -0.0270909090909091
Stock impact report

IT Tech Packaging, Inc. to Launch Construction of Biomass Combined Heat and Power Generation Project

IT Tech Packaging, Inc. (ITP) 
Company Research Source: PR Newswire
BAODING, China, June 24, 2020 /PRNewswire/ -- IT Tech Packaging, Inc. (NYSE American: ITP) ("IT Tech Packaging" or "the Company"), a leading manufacturer and distributor of diversified paper products in North China, today announced that its operating entity in China, Hebei Baoding Dongfang Paper Milling Company Limited ("Dongfang Paper"), expects to launch the construction of a combined heat and power generation project utilizing biomass technology ("Biomass CHP project") with the total construction area of 80,373 square meters which is located in its Wei County production base. The Company's biomass CHP project included in the 13th Five-Year Biomass Power Generation Program of Hebei Province has recently been approved by the Development and Reform Commission of Xingtai Municipality.Biomass CHP, a kind of renewable energy power and heat generation, utilizes biomass resources, mainly crop straw and forestry waste. As one of the key industries encouraged and supported by the Chinese gov Show less Read more
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