Construction has begun on Baofeng Energy’s Phase 2 project for the production of methanol via the gasification of 2.2 million tons of coke, as well as on the first unit of Phase 3 for the production of coal-based olefins with a capacity of 500,000 tons

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The construction of Baofeng Energy’s Phase II project, which involves the gasification of 2.2 million tons of coke to produce methanol, as well as the first unit of Phase III’s project for producing 500,000 tons of coal-based olefins, has begun. Author/Source: Coal Chemical Industry 114 Forum. Date: March 29, 2020. Clicks: 52. On March 27, the inauguration ceremony for the first batch of major projects in the Ningdong base was held at the construction site of the Baofeng Energy High-End Coal-Based New Materials Circular Economy Industrial Park in Ningxia. Driven by these major projects, the industrial level will be further elevated, the foundation for high-quality development will be strengthened, and strong momentum will be injected into the industrial economic growth of the entire region. It is understood that in 2020, the Ningdong base scheduled 90 projects to commence construction on a centralized basis, with a total investment of 95.6 billion yuan; the annual planned investment amounted to 23 billion yuan, accounting for 90% of the total planned investment for that year. Among them, there are 53 projects under continuation, with a total investment of 65 billion yuan, and an annual planned investment of 13 billion yuan; there are 37 new projects, with a total investment of 306 billion yuan, and an annual planned investment of 10 billion yuan. Among them, there are 56 industrial projects with a total investment of 70 billion yuan, and the planned annual investment is 20 billion yuan. Among them, there are 38 projects under continuation, with a total investment of 41.5 billion yuan, and an annual planned investment of 10 billion yuan; there are 18 new projects, with a total investment of 28.5 billion yuan, and an annual planned investment of 10 billion yuan. As an important part of the Ningdong industrial complex, Baofeng Energy has developed a modern chemical industry cluster that features integrated and multi-product production of coal, coke, gas, methanol, olefins, polyethylene, polypropylene, and fine chemicals. The company’s second-phase project for producing methanol via the gasification of 2.2 million tons of coke is expected to be completed and put into operation in the first half of the year. Once operational, it will enable full self-sufficiency in methanol for olefin production, resulting in significant cost savings. In 2020, the company will commence construction of a coal coking combined production project with an output capacity of 3 million tons, with an estimated investment of 3.4 billion yuan. Meanwhile, this year work will also start on the first phase of the third-phase project for producing olefins from coal, with a capacity of 500,000 tons (including 1.5 million tons of methanol produced through coal gasification, 250,000 tons of EVA, and 300,000 tons of polypropylene), involving an estimated investment of 13.77 billion yuan. This time, these two major projects will commence construction alongside the major projects at the Ningdong base, with completion and operation expected in 2021 and the first half of 2022 respectively. Strive to inject new momentum into the industrial transformation, upgrading, and high-quality development of the Ningdong base.