Fengfeng Marriage Xuyang Chemical Construction Coal Chemical Project

On April 20, Suizhong Energy Fengfeng Group, a modern energy chemical and chemical group, was fully established and signed an agreement with Xuyang Chemical Co., Ltd., and both parties jointly invested in the construction of the Fengfeng coal chemical project park. As a result, the two major consortia have concluded as strategic alliances.
It is understood that the Fengfeng Coal Chemical Project is one of the key industrial support projects in Hebei Province and has been included in the provincial coal chemical project development plan. As an important content of the "Eleventh Five-Year Plan" of the Jizhong Energy Group and Fengfeng Group, Fengfeng Coal Chemical Industry has become a new industry in the strategic transformation of Fengfeng Group, and it is also a new one after the Group accelerates structural adjustment and eliminates outdated production capacity. The point of economic growth.
Fengfeng Coal Chemical Project is divided into three phases with a total investment of over 10 billion yuan. The total scale of the project is annual production of 5 million tons of coke, 1 million tons of methanol, 600,000 tons of acetic acid and downstream products, of which the first phase of the project has been completed and put into production, and the second phase of the project is under construction. After the entire project is put into production, it is expected to realize sales revenue of 16 billion yuan and profit tax of 4.2 billion yuan.
According to Wang Fengping, deputy general manager of Fengfeng Group, the first phase of coal chemical investment was 96,655.07 million yuan. In the second phase of the project, the coking and methanol project has started and the estimated investment is 352700 million yuan. “The coking of the second phase of the coal chemical industry and the large amount of investment in the methanol project have relatively tight capital pressures, which may affect the progress of the entire coal chemical project. It has brought risks to the overall economic operation of the Fengfeng Group.” Therefore, seeking strategic cooperation and expanding sources of funds have become the only way the group can avoid individual investment risks and improve the quality of economic operation.
As one of the largest independent coking products manufacturers and suppliers, Xuyang Chemical Co., after more than 10 years of development, has an annual output of 6.7 million tons of coke, 100,000 tons of refined benzene, 440,000 tons of methanol, and 20,000 tons of tar deep processing. Tons, 200,000 tons of dimethyl ether, a total of 940,000 tons of deep processing capacity of chemical products, and a production capacity of 1 billion cubic meters of gas for external use, have become a large-scale coal chemical enterprise integrating coke, chemical, comprehensive trade, and coal's four business segments. group.
In this cooperation, Fengfeng Group has used abundant coking coal resources and has taken advantage of Xuyang Chemical's advantages in technology and management to further improve the production and operation level of coal chemical industry, and to promote the rational extension of the coal chemical industry chain, making it bigger and stronger. It is of great significance for the chemical industry to promote the rapid development of the overall economy of the company and accelerate the transformation of the economic development mode.

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Fine Ribbed Rubber Sheet

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