Recon Technology Signed Sludge Treatment Agreement with Huabei Oilfield
Recon Technology, Ltd. - Class A Ordinary Shares (RCON)
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Source: PR Newswire
NEW YORK, Dec. 19, 2019 /PRNewswire/ -- Recon Technology, Ltd. (NASDAQ: RCON) ("Recon" or the "Company") today announced Gan Su BHD Environmental Technology Co., Ltd ("Gan Su BHD"), 51%-owned subsidiary of the Company's VIE affiliate, signed a one-year sludge treatment agreement with Sinopec Huabei Oilfield Branch Oil Extraction First Factory ("Huabei Oilfield"). According to the agreement, Huabei Oilfield engages Gan Su BHD to dispose of the oily sludge of the Pingliang Industrial Zone. Gan Su BHD shall bag, transfer, and dispose of oily sludge pursuant to national safety and environmental protection requirements. The total fee is calculated by multiplying the actual transshipment sludge treatment tonnage by the unit price per ton (RMB 2,145, or approximately $306). The Company estimates that the oily sludge amount to be disposed during one year is approximately 2,000 tons.Oily sludge is one of the most significant solid wastes generated in the petroleum industry. It has been estimat
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News
- Recon Technology, Ltd. (NASDAQ: RCON) is now covered by analysts at StockNews.com. They set a "sell" rating on the stock.MarketBeat
- Recon Technology, Ltd. (NASDAQ: RCON) is now covered by analysts at StockNews.com. They set a "sell" rating on the stock.MarketBeat
- Recon Technology, Ltd. (NASDAQ: RCON) is now covered by analysts at StockNews.com. They set a "sell" rating on the stock.MarketBeat
- Recon Technology, Ltd. (NASDAQ: RCON) is now covered by analysts at StockNews.com. They set a "sell" rating on the stock.MarketBeat
- Recon Technology, Ltd. (NASDAQ: RCON) is now covered by analysts at StockNews.com. They set a "sell" rating on the stock.MarketBeat
RCON
Sec Filings
- 11/14/24 - Form SC
- 11/14/24 - Form SC
- 11/14/24 - Form SC
- RCON's page on the SEC website