Qilu Petrochemical has made significant progress in the accounting and management of its "three wastes" (waste gas, waste water, and solid waste) comprehensive utilization projects. Through continuous and effective communication with local government departments, the company successfully secured tax relief amounting to 39.48 million yuan this year, representing a 32.8% year-on-year increase. This achievement highlights the company's commitment to environmental sustainability and compliance with national policies.
In addition, after thorough review by Shandong Province, Zibo City, and Lincang District, Qilu Company’s 25 projects from 2006 were officially recognized as "three wastes" comprehensive utilization projects and received the necessary certifications. These projects contributed internal accounting profits of up to 255 million yuan, showcasing the economic benefits of resource recycling and environmental protection efforts.
Furthermore, the State Tax Bureau of Zibo City and Linyi District approved a total profit of 120 million yuan for Qilu’s comprehensive utilization projects in 2006, marking an increase of 29.57 million yuan compared to the previous year. The tax-free amount reached 39.48 million yuan, which was 9.75 million yuan higher than the previous year. These results reflect the growing recognition and support for Qilu Petrochemical’s sustainable development initiatives and its positive impact on both the environment and the economy.
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