Latest progress on the Gansu Jingyuan coal power and coal chemical project

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Latest Progress on the Coal, Electricity, and Chemicals Project in Jingyuan, Gansu Province Author/Source: Refining and Chemical Industry Updates Date: 2020-09-07 Clicks: 10 Jingyuan Coal and Electricity Co., Ltd. (hereinafter referred to as “the Company”) held its 9th Board of Directors’ meeting No. 10 on August 23, 2019, and its 9th Board of Directors’ meeting No. 18 on May 13, 2020. On June 1, 2020, it convened its first extraordinary general meeting of shareholders for that year, at which the resolution regarding the investment in establishing a new subsidiary and the development of a project for the comprehensive utilization of coal-derived gas was approved. The Company agreed to invest in setting up Jingyuan Coal Industry Group Liuhua Chemical Co., Ltd. (hereinafter referred to as “Jingmei Chemical”), as well as in developing a project for the comprehensive utilization of clean and efficient gasification products (including relocation and renovation). The registered capital of Jingmei Chemical is 1 billion RMB. For detailed information, please refer to the company’s announcements published on August 24, 2019, and May 15, 2020, in the Securities Times and Shanghai Securities News, as well as on the Juchao Information Network: “Announcement on Investing in the Establishment of a New Subsidiary and in the Development of a Comprehensive Utilization Project for Coal-based Gas” (2019-055), and “Announcement on Investing in the Establishment of a New Subsidiary and in the Development of a Comprehensive Utilization (Relocation and Renovation) Project for Clean and Efficient Gasification Gas” (Revised version) (2020-031). On June 3, 2020, Jingmei Chemical completed the industrial and commercial registration procedures and obtained its Business License. For detailed information, please refer to the announcement published by the company on June 5, 2020, in the Securities Times, Shanghai Securities News, and on the Juchao Information Network, titled “Announcement on the Completion of Industrial and Commercial Registration for a Newly Established Subsidiary”. At present, Jingmei Chemical Industry is making every effort to carry out the work related to the design of the project’s infrastructure, the preparation of feasibility studies for the dedicated railway line, as well as the relevant procurement procedures. Meanwhile, it is actively coordinating with Baiyin City to facilitate the relocation of residents living within the required health protection zones, the expropriation of land, and the removal or relocation of any structures above or below the ground. In accordance with Jingmei Chemical’s investment plan and funding requirements for 2020, the company made the first installment of its investment in Jingmei Chemical on September 2, 2020, in cash, amounting to 30 million yuan. In the future, the company will make its capital contributions in a timely manner and fulfill its information disclosure obligations, based on the progress of the Jingmei Chemical Project and the capital utilization plan. Project Name: Jingyuan Coal and Electricity Co., Ltd. – Project for the Comprehensive Utilization of Clean and Efficient Gasified Gas from Coal in Jingyuan (Relocation and Renovation)
Location of Construction: Yindong Industrial Park, Baiyin High-Tech Industrial Development Zone, Baiyin City
Constructor: Jingyuan Coal and Electricity Co., Ltd.
Environmental Assessment Agency: Gansu Tianchen Environmental Engineering Co., Ltd.
Project Overview: The project uses coal from Jingyuan as raw material and employs pressurized coal gasification technology, along with domestically developed isothermal shift processes, low-temperature methanol washing for desulfurization and decarbonization, liquid nitrogen washing for purification, and low-pressure ammonia synthesis to produce liquid ammonia. As by-products, liquid carbon dioxide and sulfur are generated. The liquid ammonia produced is then used as a raw material for the manufacture of urea and melamine. Relevant auxiliary facilities and utility systems are also constructed as part of this project. The project is implemented in two phases. In Phase 1, the production capacity is 300,000 tons per year of ammonia, 350,000 tons per year of urea, 20,000 Nm3/h of (H2+CO), 40,000 tons per year of methanol, 50,000 tons per year of liquid carbon dioxide, 60,000 tons per year of melamine, 50,000 tons per year of urea solution, 1,924 tons per year of sulfur, and 2,500 tons per year of catalysts. The gas production (H2+CO) unit uses a PSA purification process. In Phase 2, the production capacities are 300,000 tons per year of ammonia, 350,000 tons per year of urea, 10,000 Nm3/h of (H2+CO), and 60,000 tons per year of methanol. Upon completion of the two phases of construction, the production capacity will be 600,000 tons per year of synthetic ammonia, 700,000 tons per year of urea, 100,000 tons per year of methanol, 50,000 tons per year of liquid carbon dioxide, 60,000 tons per year of melamine, 50,000 tons per year of urea solution, and 30,000 Nm3/h of (H2+CO). The total investment for the project amounts to 5,286,406,800 yuan, of which 4,296,500,000 yuan is allocated to environmental protection measures, accounting for 8.1% of the total investment. The Clean and Efficient Coal-to-Gas Comprehensive Utilization Project of Gansu Jingyuan Coal and Electricity Co., Ltd. is located in the Yindong Industrial Park of the Baiyin High-Tech Industrial Development Zone in Baiyin City, Gansu Province. It uses Jingyuan coal as raw material to produce products such as synthetic ammonia, urea, methanol, melamine, and urea solutions. At the same time, high-quality raw materials such as hydrogen and carbon monoxide can be supplied to other enterprises located in the park, thereby creating an upstream and downstream industrial chain that maximizes resource utilization and minimizes pollutant emissions. For this project, the gasification technology recommended is the pulverized coal gasification unit developed by Chang Zheng Chemical Engineering Co., Ltd., which possesses independent domestic intellectual property rights. Upon completion of the project, it will be able to convert approximately 1.8 million tons of raw coal annually on-site, enabling annual production of 700,000 tons of urea, 100,000 tons of methanol, 216 million Nm3 of (CO+H2), 60,000 tons of melamine, 50,000 tons of urea solution, and 50,000 tons of food-grade liquid CO2. Additionally, liquid oxygen, liquid nitrogen, liquid argon, and catalysts will also be produced.