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Qujing City Signs Contract for 400,000 Tons/Year Methanol Production from Coke Oven Gas / Author/Source: Yaha Coal Chemicals / Date: 12-05-2019 / Clicks: 20 On the afternoon of December 2, Qujing City held a signing ceremony for the project to produce 400,000 tons of methanol per year from coke oven gas in Zhenyi District, marking the entry of this project into its actual construction phase. The 400,000 tons per year methanol production project using coke oven gas is funded jointly by the Thai RK Industrial Group, Jiangsu Wuxi Huaguang Auto Parts Group, and Pearl River Industrial Group. The total investment in the project amounts to around 1 billion yuan, with 600 million yuan allocated to the first phase and 400 million yuan to the second phase. The project involves the construction of a production line for manufacturing methanol from coke oven gas at a capacity of 400,000 tons per year, along with related facilities. Once the project is put into operation, it is expected to generate an output value of 1.2 billion yuan and profits and taxes of 200 million yuan, while providing employment for over 400 people. This project will further stabilize the methanol production within the park, lay a foundation for the development of downstream methanol-related projects, and extend the industrial chain for the deep processing of coal tar. It holds great significance for promoting the transformation and upgrading of the coking industry as well as the development of the Zhanyi Fine Chemicals Industrial Park.