The coal-to-olefins project of Shaanxi Yanchang China National Coal Group Yulin Energy Chemical has seen an investment of 905.36 million yuan completed

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The coal-to-olefins project of Shaanxi Yanchang China Coal Yulin Energy Chemical has seen an investment of 905.36 million yuan. Author/Source: Date: 2018-10-31. Clicks: 15. As of the end of October, the completion work for the first phase of the project carried out by Shaanxi Yanchang China Coal Yulin Energy Chemical Co., Ltd. (the Yanchang Jingbian Phase II project) had resulted in an investment of 905.36 million yuan, accounting for 75.45% of the annual investment target. 100% of the foundation pre-treatment construction drawings are completed, and 30% of the pile foundation construction drawings are completed ； Some of the long-cycle equipment has begun to be supplied; 470 tons of the steel structure for the high-pressure boiler have already been delivered, and the high-pressure coal slurry pump was shipped on September 26th from the port of Hamburg in Germany ； 100% completion of dynamic compaction work for LDPE/EVA plants and DMTO plants ； A total of 54,550 sand piles have been installed in the methanol complex and PP plant, representing 73.3% of the total required ； The thermodynamic power plant has completed the construction of the chimney foundation, the main plant building foundation, and the civil engineering foundation for the boiler island ； The main structures of the staff cultural and educational center, the shift workers’ dormitory building, and the archive room have been completed, and interior and exterior decoration is currently in progress. In the project construction area, although temperatures are dropping gradually at present, construction activities remain vigorous. By setting up heating shelters on site, providing local heating for equipment, and adding anti-freezing materials to the concrete, the various general contractors have made preparations for winter construction. It is expected that foundation work will be completed by the end of the year, after which civil engineering construction will begin. On October 8, the construction of the pile foundations for the air separation unit in Yueneng Chemical Company’s project to fill in gaps and make up deficiencies began ； On September 13, the construction work for the 1.8 million tons per year methanol production plant and various plant-wide system projects at Yueneng Chemical Company commenced ； On September 10, the on-site construction of the 400,000 tons/year polypropylene plant (PP3) and the 110 kV main transformer EPC turnkey project was officially launched ； On August 30, the on-site construction of the 300,000 tons per year LDPE/EVA plant (a facility for producing low-density polyethylene and ethylene-vinyl acetate copolymers) officially commenced ； On the morning of August 28, the on-site construction of the 600,000-ton methanol-to-olefins plant officially began. On August 17, the signing ceremony for the EPC general contract for the completion and rectification works of the first-phase project of Shaanxi Yanchang China Coal Yulin Energy Chemical Co., Ltd. was held in Xi’an. Li Wei, Deputy Secretary of the Party Committee and General Manager of the company, represented Yueneng Chemical Company to sign EPC/PC turnkey contract agreements with 7 different entities. The completion and improvement project for the first phase of Yulin Energy Chemical Complex is a key initiative aimed at implementing the requirements set by the Shaanxi Provincial Party Committee and the provincial government to \"enhance the demonstration effect of the comprehensive utilization projects for coal, oil, and gas resources in Jingbian,\" as well as the goals of Yan’an Petroleum Group to \"change its business model and adjust its structure.\" With an investment of 14.413 billion yuan, this project will use coal and natural gas as raw materials to build integrated facilities capable of producing 1.8 million tons per year of methanol, 600,000 tons per year of olefins from methanol, 400,000 tons per year of polypropylene, and 300,000 tons per year of low-density polyethylene/Ethylene-Vinyl Acetate copolymer (LDPE/EVA). The project is scheduled to be completed and put into operation in 2020; by then, Yueneng Chemical’s polyolefin production capacity will increase to 1.8 million tons per year. This is expected to boost annual sales revenue by 7.338 billion yuan and profits and taxes by 2.1 billion yuan.