Official signing of the BOO agreement for the 2 million-ton coal-to-oil project in Bijie, Guizhou

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The last edit to this post was made by liaifeng on 2018-8-4 at 18:47. The BOO agreement for the 2-million-ton coal-to-oil project in Bijie, Guizhou was officially signed. Author/Source: Huahua Network – Coal Chemical Industry. Date: 2018-02-05. Views: 83. On the morning of February 3, the signing ceremony for the 2-million-ton/year coal-to-clean-fuel project in Guizhou was held in the multi-functional conference room of Guizhou Yufu Energy Development Co., Ltd. in Nayong County, Bijie City, Guizhou Province. Representatives from the four BOO investment entities – Aerospace Changzheng Chemical Engineering Co., Ltd., Air Products (China) Investment Co., Ltd., Beijing Wanbonda Environmental Protection Technology Co., Ltd., and China Power Construction Group Guizhou Electric Power Design and Research Institute Co., Ltd. – as well as officials from Guizhou Yufu Energy Development Co., Ltd., attended the signing ceremony. The total investment in the entire industrial chain of this project is approximately 50 billion yuan. The gasification, purification, air separation, boiler-based thermoelectric units, and water treatment systems of the project will be constructed under the BOO model, with a total investment of around 17.7 billion yuan. At this signing ceremony, the investors of BOO expressed their intention to leverage their respective strengths and work closely with Guizhou Yufu Energy Development Co., Ltd. to advance the preliminary work for the project, striving to turn it into a high-quality project in the industry. On January 27, Beijing Wanbonda Environmental Protection Technology Co., Ltd. signed the \"Cooperation Agreement on the Water Treatment System for the 2 million tons per year coal-based clean fuel project in Bijie, Guizhou\" and the \"Cooperation Agreement on the Slag Dump and Hazardous Waste Site for the same project\" with Guizhou Yufu Energy Development Co., Ltd. It also signed the \"Cooperation Agreement on the Thermal Power Unit for the 2 million tons per year coal-based clean fuel project in Bijie, Guizhou\" with Guizhou Yufu and China Power Construction Group Guizhou Electric Power Design and Research Institute Co., Ltd. Multiple parties are collaborating to jointly invest in the construction of water treatment systems, solid waste treatment systems, and thermal power plants for the Bijie project. It is reported that the total value of the contract amounts to 4.8 billion yuan, and the cooperation covers three projects: the water treatment system for the 2 million tons per year coal-based clean fuel project in Bijie, Guizhou ； Solid waste treatment system for the 2 million tons per year coal-based clean fuel project in Bijie, Guizhou ； Thermal power unit of the 2 million tons per year coal-based clean fuel project in Bijie, Guizhou. The water treatment system joint venture is responsible for supplying qualified desalinated water and recycled water to the Bijie project, as well as treating the wastewater generated during the operation of the project before discharging it to meet environmental regulations ； The solid waste treatment system joint venture is responsible for dealing with the solid waste generated by the Bijie project ； The thermoelectric joint venture is responsible for supplying qualified steam and electricity to the Bijie project. Among them, the estimated total investment for the water treatment system is around 1.6 billion RMB ； The estimated total investment for the solid waste treatment system is around 600 million yuan ； The total estimated investment for the thermoelectric plant is around 2.6 billion RMB. It is expected that the three aforementioned BOO projects will commence construction in the second half of 2018, with a construction period of approximately four years. Partnership model: Wanbanda intends to invest jointly with Guizhou Yufu and Guizhou Electric Power Institute to establish a joint venture company that will be responsible for the investment, construction, and operation management of the project. The specific equity distribution in the joint venture is as follows: The Guizhou Bijie coal indirect liquefaction oil production project received approval in April 2014, in the form of a reply from the General Office of the National Development and Reform Commission granting consent for the project to proceed with its preliminary work. The project is located in Nayong County, with an annual production capacity of 6 million tons of oil products and related chemical products. The total investment amounts to 100 billion yuan, making it the largest coal-to-oil project planned to date. The project will be constructed in two phases. The first phase of the 2 million tons per year coal-to-oil project is planned to require an investment of 35 billion yuan. According to the plan, the initial phase of the coal-electricity-chemical integration industrial base in Nayong County, Guizhou, will focus on the construction of a coal-to-oil project with an annual capacity of 2 million tons. In the medium term, another coal-to-oil project with a capacity of 2 million tons per year will be built, alongside the development of a coal-to-ethylene glycol project with a capacity of 300,000 tons per year. To date, all the required supporting documents for submitting the environmental impact assessment and approval applications for Guizhou Bijie’s 2 million tons per year coal-based clean fuel project have been approved. On December 9, 2016, Guizhou Yufu Energy Development Co., Ltd., in partnership with Zhongheng Putai (Beijing) Investment Fund Management Co., Ltd., signed tripartite strategic cooperation agreements regarding the PPP project for the infrastructure of the Nayong County coal-and-power integrated industrial base with China Energy Construction Group Guangxi Hydropower Engineering Bureau Co., Ltd. and CCCC First Highway Engineering Bureau Co., Ltd. Under the cooperation agreement, the construction of infrastructure for the coal-electricity integration industrial base in Nayong County, Bijie City, Guizhou Province will be carried out and completed, as well as the work related to site preparation, slope stabilization, road construction, and the development of the area in front of the plant for the coal-based clean fuel project. Additionally, construction of other projects within Guizhou Province will also take place. In March 2017, the **Energy Bureau issued the ‘13th Five-Year Plan’ for the development of advanced coal processing industries**, predicting that by 2020, the capacity for coal-to-oil production would be 13 million tons per year. Identify the key coal-to-oil projects: Ningxia Shenhua Ningmei Phase II, Inner Mongolia Shenhua Ordos Lines 2 and 3, Shaanxi Yankuang Yulin Phase II, Gansuquanbao in Xinjiang, Ili in Xinjiang, Yitai in Inner Mongolia, Bijie in Guizhou, and eastern Inner Mongolia. Guizhou Yufu is a joint-stock company established in August 2008 by Chongqing Yufu Asset Management Group Co., Ltd., Zhongke Synthetic Oil Technology Co., Ltd., Sichuan Hanwei Xineneng Industry Co., Ltd., Beijing Saideli Technology Co., Ltd., and Sichuan Shisheng Investment Group Co., Ltd.; it is currently controlled by Sichuan Hanwei Xineneng Industry Co., Ltd. Guizhou Yufu is specifically responsible for the investment, construction, operation, and management of the Bijie project.