According to reports, Yima Ruineng Chemical's annual production capacity of 200,000 tons of phenolic resin project was successfully tested in the first phase. The project began construction on August 2017 and lasted only six months.　 　　The phenolic resin production of this time has reached the expected target and will be put into production in March. The second phase of the 50,000 tons project is expected to start construction in the near future and formally put into production before the end of the year.
　　After the first phase of the project is completed and put into production, the annual sales income is 600 million yuan, the profits and taxes are 120 million yuan, and more than 100 people are employed, which has good economic and social benefits.