Progress in the construction of the main unit for Xineng Energy’s 200,000 tons/year stable light hydrocarbon project, a subsidiary of SNOW Energy Holdings

2020-07-06View Original

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Progress in the construction of the main unit for Xineng Energy’s 200,000 tons/year stable light hydrocarbons project, a subsidiary of Newao Co., Ltd. Author/Source: Tonghuashun (Financial Research Center). Date: July 6, 2020. Clicks: 9. During the reporting period, the main unit of this project carried out successful safety trial production, and qualified products were produced and sold. In 2019, the production of stable light hydrocarbons was 5,800 tons, with sales amounting to 3,521 tons; the gross margin was 16.94%. As of 2020, the Phase II project in Daci has been producing methanol, and the company will decide on the final product based on the economic viability of methanol compared to stable light hydrocarbons.

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Progress in the construction of the main unit for Xineng Energy’s 200,000 tons/year stable light hydrocarbon project, a subsidiary of SNOW Energy Holdings

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