The cooperation project for the deep processing of coal tar by Inner Mongolia Zhengneng Group was successfully signed

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The cooperation project for the deep processing of coal tar by Inner Mongolia Zhengneng Group was successfully signed. Author/Source: Inner Mongolia Zhengneng Chemical Group Co., Ltd. Date: 2019-07-24. Clicks: 1. On June 21, at the “2019 China Coal Chemical Industry High-Quality Development Forum and Ordos Investment Promotion Conference” held in Qingdao, Inner Mongolia Zhengneng Chemical Group Co., Ltd. and Huanghua Xinnuolixing Fine Chemicals Co., Ltd. carried out a signing ceremony for an important strategic cooperation project related to the deep processing of coal tar. Inner Mongolia Zhengneng Chemical Group Co., Ltd. is a large-scale private enterprise in China specialized in the comprehensive utilization of low-grade coal through sorting and grading. It is also a strategic partner of the Institute of Engineering Thermophysics under the Chinese Academy of Sciences. In line with the central government’s overall plan to \"enhance the clean and efficient comprehensive utilization of coal, shift from coal to natural gas, and develop technologies for producing important chemicals from coal,\" the company takes advantage of Ordos’ abundant coal resources to carry out efficient pyrolysis of local low-grade long-flame coal and its staged, differentiated utilization. The plan is to process 15 million tons of raw coal per year; to date, more than 2.5 billion yuan has been invested in establishing facilities capable of producing 3.6 million tons of semi-coke per year, 15,000 tons of high-quality magnesium alloys, as well as 2×25,000 KVA silicomanganese plants and 2×25 MW waste heat generator sets for comprehensive resource utilization. This has enabled a full-chain circular economy within the industry. Huanghua Xinnuo Lixing Fine Chemicals Co., Ltd. is a representative and outstanding coal chemical enterprise in China. The company focuses on the deep processing of coal tar, and has achieved six industry leadership positions: it leads the country in terms of the scale of tar processing, ranks first in the world in terms of product export volume, has the highest quality of phthalic anhydride produced by the naphthalene method in China, leads the nation in terms of the scale of deep processing of washed oil, excels in the development of high-end products, and has the highest purity of indole in the country. The company was listed on the New Third Board on December 24, 2015, becoming the first enterprise in Huanghua City to be listed there. In 2019, it formally submitted an application to the China Securities Regulatory Commission with the intention of listing on the main board. It possesses strong technical capabilities and talent resources in the field of advanced coal tar processing technology.