Xu Kuang Su New Energy Company has preliminarily defined the development direction for 400,000 tons of coal-based ethylene glycol production

Thread Content

Xu Kuang Su New Energy Company has preliminarily identified 400,000 tons of coal-based ethylene glycol production as its development direction. Author/Source: Yaha Coal Chemicals. Date: April 17, 2018. Clicks: 17. A few days ago, Xu Kuang Group’s Su New Energy Company decided to pursue the development of a project for producing 400,000 tons of coal-based ethylene glycol; this plan has already passed expert review, and preliminary work is currently in progress. Since the second half of last year, when Su New Energy Company was placed under the management of Xuzhou Mining Group, the group has focused on guiding the company in stabilizing its workforce, while also paying close attention to its future development. It has accelerated market research, conducted comprehensive analyses of the coal chemical industry market, and decided that the production of ethylene glycol from coal should be the direction for development. Multiple meetings were held for specialized discussions; after seeking the opinions of design institutes and conducting in-depth investigations of similar enterprises, a \"Research Report on the Coal-to-Ethylene Glycol Project\" was prepared, which has now passed expert review. Su New Energy Company is also actively seeking strategic partners. With the proactive support of regions such as Tacheng in Xinjiang, it has held negotiation meetings with large state-owned enterprises like Xinjiang Zhongtai and Xinjiang Tianye, striving to foster cooperation between these enterprises, promote complementary development within the industry, and achieve mutual benefit. Next, Xumine will adhere to the overall strategy of \"one core and two wings,\" focus on its core business, strive for transformation, and uphold market principles. By leveraging the strategic energy cooperation between Jiangsu and Xinjiang, it will support the development of new energy sectors in Jiangsu, strengthen its core industries in coal, electricity, and chemicals, earnestly fulfill its social responsibilities, and contribute to the local economic and social development.