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It is understood that Hua Ting in Gansu Province is one of the 100 key coal producing counties, 13 coal bases, and the three largest coal mining areas in the northwest with a coal reserve of 3.47 billion tons, accounting for 40.2% of the province’s proven reserves. One of the only five high-quality chemical coal bases in the country. This has created good conditions for the development of coal-to-methanol projects. According to reports, Huating Zhongyu's annual output of 600,000 tons of coal-made methanol project is the largest project in the history of coal chemical development in Gansu Province, and it is planned to be completed and put into production before the end of June 2008. After the completion of the project, the annual coal consumption is 1.62 million tons, and the average annual sales income is 1.06 billion yuan, which has high profitability and anti-risk capability. After the project is put into production, it will gradually form a methanol fine chemical industry zone and realize the extension of the methanol industry chain. In the long term, it will also start the methanol to olefins project and realize the preparation of petrochemical products from the coal chemical route. The project is based on Huating Coal & Electricity Co., Ltd. as the main sponsor, joint Sichuan Xinfu Mining Group Co., Ltd., Huating Coal & Electricity Transportation Co., Ltd., Huating Longzhu Material Co., Ltd., Huating County State-owned Assets Investment Management Company, Huating County Huating Coal Mine A total of 6 shareholders have initiated the establishment. The implementation of the province's largest coal chemical project marked a substantial breakthrough in the integrated development strategy of coal-fired power generation by Huating Coal & Electricity.
Gansu Province's largest coal chemical project laid a foundation investment of nearly 2.7 billion yuan
On September 26, the groundbreaking ceremony for the unveiling of the Gansu Huating Zhongye Coal Chemical Co., Ltd. project and the annual output of 600,000 tons of coal-to-methanol project was held in the Shibaozi Development Zone in Huating County with an investment of nearly RMB 2.7 billion and the largest in Gansu Province. The coal chemical project was fully started.