Cofco Biotechnology announced that the company plans to upgrade and transform the thermal power system and supporting engineering of Cofco Biochemical Energy Co., Ltd., with a total investment of 93.88 million yuan. The project construction period is 15 months from the date of project approval to the trial operation of feeding, mainly including the transformation of high-temperature ultra-high-pressure units and the upgrading of boiler flue gas purification systems. The funds come from bank loans of 63.99 million yuan and self-owned funds of 29.89 million yuan. The project aims to improve power generation efficiency, reduce costs, and meet the national ultra-low emission requirements. Upon completion of the project, it will help enhance the company's competitiveness and profitability.