The largest coal chemical project in the northwest started

The largest coal mine project in northwestern China, the only coal chemical project in Gansu Province, and the backbone project for the integrated development of Hua Ting Coal Power Integration and Transportation Co., Ltd. - Huatin’s 600,000 tons coal-to-methanol project environmental impact report was completed. Last year's Dec. 29th, the State Environmental Protection Administration finalized the review. After the study, it was approved by the State Environmental Protection Administration Circular [2007] No. 9 on January 11. At this point, the conditions for the full-scale construction of the project have already been met. This is the second coal-to-methanol project in China that has passed the national environmental assessment.

According to the “Gansu Economic Daily” report, Huating’s 600,000 tons of coal-to-methanol project is a major coal chemical project that is jointly developed by the local enterprises. The project is implemented by Huating Zhongyu Coal Chemical Co., Ltd. The estimated total investment is 2.899 billion yuan, covering an area of ​​69.6 hectares. It is planned to be put into use by June 2008. Up to now, the Gansu Provincial Government has approved plans for the Huating Industrial Park. Huating's 600,000-ton coal-to-methanol project has been approved by the Gansu Provincial Development and Reform Commission, and has already met the conditions for commencement of construction.

The project has high profitability, anti-risk capability and driving ability. After it is completed, it will consume 1.8 million tons of raw coal annually, annual sales income of 1.04 billion yuan, annual profit and taxation of 420 million yuan, after-tax profit of 200 million yuan, and internal rate of return. (after tax) reached 12.1%, the breakeven point was 57.07%, and the total fund recovery period was 7.38 years.

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