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The construction of Haoyuan Group’s project to produce 300,000 tons of ethylene glycol per year from syngas has begun. Source: Anhui Haoyuan Chemical Group Co., Ltd. Date: October 31, 2019. Clicks: 41. On the morning of October 28, a ceremony marking the start of construction on key projects aimed at achieving “six stabilities” was held at Haoyuan Group’s Fuyang coal-based new materials industrial park. Vice Mayor Li Hong attended the ceremony and announced the commencement of the project’s construction. He said that the project launched by Haoyuan Group this time is a project to produce 300,000 tons of ethylene glycol per year from syngas, and it is one of the five projects in the second phase of the park. The total investment in this project is 1.547 billion yuan, and it is expected to generate annual sales revenue of 1.56 billion yuan as well as profits and taxes amounting to 323 million yuan. It is reported that the 10 key projects that are set to start construction citywide this time have a total investment of 5.16 billion yuan, with 7.72 billion yuan planned to be invested within this year. Among them, there are 7 industrial projects, accounting for a total investment of 2.63 billion yuan. The construction of these projects will effectively boost the economic growth of Fuyang, providing new impetus for its high-quality economic and social development.