Baomo Co., Ltd. announced on June 2 that its wholly-owned subsidiary, Dongying Baomo Environmental Engineering Co., Ltd., will invest a total of RMB 78.63 million, using a combination of its own funds and bank loans, to construct a project with an annual output of 30,000 tons of polyacrylamide and a project with an annual output of 100,000 tons of oilfield additives.