The first core equipment of Ningxia Baofeng’s second 500,000 tons per year coal-to-olefins project – the fresh catalyst tank – was successfully lifted into place

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On March 11, the first core equipment of Ningxia Baofeng’s second 500,000 tons per year coal-to-olefins project – the fresh catalyst tank – was successfully lifted into place. This marks the official transition of the project from the civil construction phase to the equipment installation phase, providing strong support for the timely and high-quality completion of the project. The 500,000 tons per year coal-to-olefins project in Ningxia Baofeng is a key construction project of Baofeng Energy Group. Located in the coal-based new materials industry zone of the Ningdong Energy and Chemical Industry Base, the project utilizes DMTO technology and olefin separation technology. To date, 80% of the civil engineering work for the project has been completed, 20% of the electrical and instrumentation grounding work has been finished, and the installation of the remaining 17 large-scale equipment is progressing in an orderly manner. On October 31, 2024, the Development and Reform Commission of the autonomous region issued a approval decision regarding the second 500,000 tons per year coal-to-olefins project of Ningxia Baofeng Energy Group Co., Ltd. The decision specified that the project would be constructed in Area A of the Linhe Comprehensive Project Zone within the Ningdong Energy and Chemical Industry Base. The project will construct a 1.5 million tons per year coal gasification to methanol plant (4 in operation and 2 as backups), a 500,000 tons per year methanol to olefins plant, a 250,000 tons per year ethylene-vinyl acetate copolymer (EVA) plant, and a 300,000 tons per year polypropylene plant, along with the necessary utility systems and auxiliary facilities. Heat requirements will be met through centralized supply from the park’s power island, so no heating boilers will be installed at the project site. Upon completion and reaching full production capacity, the project will be able to produce 250,000 tons of EVA per year, as well as some low-density polyethylene; it will also be capable of producing 300,000 tons of polypropylene, along with by-products such as propane, C4, C5, and sulfur. The total investment in the project amounts to 1,205,772 million yuan, of which 1,135,528 million yuan is allocated to construction costs, 99,920 million yuan to working capital for the initial phase, and 60,252 million yuan to interest during the construction period. The funds for this project will come from the company itself, amounting to 361,731 million yuan, which represents 30% of the total investment.