Latest progress on Inner Mongolia JiuTai’s million-ton ethylene glycol project

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Latest Progress on Inner Mongolia JiuTai’s Million-Ton Ethylene Glycol Project Author/Source: Modern Coal Chemical Industry Date: April 22, 2020 Clicks: 5 On April 21, the work of lifting the bottom parts of the storage tanks in the finished product area began, with firecrackers being set off at the site; two 25T industrial cranes were used simultaneously for this task. This lifting operation marked the official transition of the finished product area from the construction phase to the equipment installation phase. The finished product tank area is the storage area for methanol and ethylene glycol products in the 1 million-ton ethylene glycol project. It comprises 8 large-scale storage tanks, 4 of which are for ethylene glycol and 4 for methanol. All of these tanks are made of carbon steel, with a capacity of 20,000 cubic meters each and a diameter of 30 meters. Project Overview: The 1-million-ton-per-year ethylene glycol production project, built by Inner Mongolia Jutai New Materials Company located in the Tuoqing Economic Development Zone, is under the overall supervision of Jutai Group. The total investment in the project is 13.3 billion yuan, with a total land area of 2,565 mu. The project’s production capacity is 1 million tons of ethylene glycol per year. It utilizes mature domestic coal/gasification technology from SHELL, low-temperature methanol washing technology, as well as the world’s first advanced hydroxymethylation process technology developed by Davy Company to produce ethylene glycol. Each production line has a capacity of 500,000 tons per year, making it the largest ethylene glycol production facility in the world – enabling the conversion of coal resources into high-value ethylene glycol on-site. The project construction period is 3 years; trial operation is scheduled to begin by the end of 2020, with full production starting in 2021. After going into production, it is expected to generate annual sales revenue of 10.6 billion yuan and profits and taxes of 3.66 billion yuan.