Shanxi's Investment in Coal to Produce Olefins will reach 250 billion yuan

A few days ago, from the survey of coal chemical enterprises in Shanxi Province, it was learned that during the “12th Five-Year Plan” period, coal-to-olefin production capacity of Shanxi coal chemical enterprises will reach 8 million tons/year, and the investment scale will be more than 250 billion yuan. If all of them can be put into operation on schedule, In the domestic market share will reach 26.67%.
Recently, Shanxi Orchid Coal Industry Group Co., Ltd. and China National Petrochemical Group Nanjing Chemical Industry Co., Ltd. signed a project cooperation agreement for the conversion of coal to alkenol and olefins to extend the industrial chain. The two sides will invest a total of 18 billion yuan in cooperation in the construction of Shanxi Jincheng City. Million/year methanol and 600,000 tons/year olefin project.
Shanxi Coking Coal Group Co., Ltd. and Shaanxi Coal Chemical Industry Group Co., Ltd. have signed a strategic cooperation framework agreement. The two companies will invest 26 billion yuan in Luxian County, Luliang City to jointly build an annual output of 3 million tons of coal to methanol and 1 million tons of olefins. After the project is put into production, the annual sales income will be 15 billion yuan and the tax will be 2 billion yuan.
China National Coal Energy Group Co., Ltd. will invest in the construction of an energy and chemical recycling green park project in Linyi City, mainly including 3.6 million tons of methanol per year and 1.2 million tons of polyolefin per year. The estimated annual sales revenue is 53.69 billion yuan, and the annual profit The total amount is 6.27 billion yuan.
At present, many coal chemical companies are also planning to build coal-to-olefins projects. Yangmei Coal Group's 1.8 million ton/year methanol and 600,000 ton/year olefins projects will be completed and put into operation within five years, with an annual sales income of RMB 7.74 billion; Jinmei Coal Group plans to form 600,000 tons/year coal-based olefins by 2015 Tianze Group's “Twelfth Five-Year Plan” will focus on the conversion of methanol to 600,000 tons/year of olefins; Luan Group will build an olefins-based modern coal chemical recycling economy park with annual sales of RMB 34 billion; Tianji Group will build 60 Ten thousand tons/year olefins project; Nanyao Group and Huojia Industry Corporation also regard coal-to-olefins as the development focus.

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