The 2 million tons per year coal-based clean fuel project in Bijie, Guizhou has completed its equity restructuring

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The 2 million tons per year coal-based clean fuel project in Bijie, Guizhou has seen its equity structure altered. Author/Source: Huahua Network – Coal Chemical Industry. Date: November 18, 2020. Clicks: 4. Guizhou Yufu Energy Development Co., Ltd. plans to invest 35.937 billion yuan in this project; the equity changes have now been completed, and Jinshiqi International Resources Co., Ltd. will act as the major shareholder in charge of overseeing the project’s development. It is reported that Jinshiqi International Resources Co., Ltd. is a 100% subsidiary of Jinshiqi International Holding Co., Ltd., the largest and most powerful private investment holding enterprise in Guizhou Province, with a registered capital of 3.5 billion yuan. Currently, the key subsidiaries in which Jinshiqi International Holding Co., Ltd. has made investments and holds controlling interests include Zhongtian Financial Group Co., Ltd., a listed company in Guizhou Province, Guiyang Energy (Group) Co., Ltd., and United Energy Investment Holding Co., Ltd.; the business areas covered by these subsidiaries include real estate, finance, energy, agriculture, and other sectors. Kim Se-gi’s next strategic focus will be a shift away from the real estate and finance sectors, with an emphasis on investing in the real economy, particularly the energy industry in Guizhou Province. With the support of ** in Guizhou Province, the original shareholders of Guizhou Yufu Energy Development Co., Ltd. signed a share transfer agreement on April 9 to transfer 70% of the shares to Jinshiqi International Resources Co., Ltd. A supplementary share transfer agreement was subsequently signed on July 31, whereby Jinshiqi International Resources Co., Ltd., as the controlling shareholder, will take the lead in advancing the construction of a coal-based clean fuel production facility with an annual capacity of 2 million tons in Bijie, Guizhou. Guizhou Yufu Energy Development Co., Ltd. was established in August 2008 with a registered capital of 500 million yuan. It is responsible for the investment, construction, operation, and management of the 2 million tons per year coal-based clean fuel project in Bijie, Guizhou. http://img.yf116.cn/image/img/20201118/1032523797226.jpg 2 million tons per year coal-based clean fuel project in Bijie, Guizhou. Constructor: Guizhou Yufu Energy Development Co., Ltd. Nature of the project: new construction. Location: Nayong County, Bijie City, Guizhou Province, within the coal-electricity-chemical integration industrial complex. Total scale of the project: The production capacity for coal-based clean fuels is 2 million tons per year; the actual output volume is 2.2696 million tons per year. The main products are 1.3416 million tons per year of gasoline, 700,200 tons per year of diesel, 111,600 tons per year of LPG, and 116,200 tons per year of LNG. The by-products include solid sulfur, sulfuric acid, light alcohols, and heavy alcohols. Along with related utility projects, auxiliary projects, and environmental protection projects, etc. Operating hours: 8,000 hours per year. Project investment: The total investment amounts to 35.937 billion yuan, of which 3,825,022,500 yuan is allocated to environmental protection facilities (excluding costs related to project evaluation); environmental protection investments account for approximately 10.64% of the total investment. Labor force and working hours: The total number of employees is 1,492, with a working system of four shifts and three shifts per day. Construction details: http://img.yf116.cn/image/img/20201118/1034243806428.jpg http://img.yf116.cn/image/img/20201118/103543810449.jpg http://img.yf116.cn/image/img/20201118/1036423820234.jpg http://img.yf116.cn/image/img/20201118/1039443838422.jpg http://img.yf116.cn/image/img/20201118/104123846278.jpg http://img.yf116.cn/image/img/20201118/104283852812.jpg http://img.yf116.cn/image/img/20201118/104343858490.jpg http://img.yf116.cn/image/img/20201118/1043513863132.jpg http://img.yf116.cn/image/img/20201118/104683876814.jpg http://img.yf116.cn/image/img/20201118/1046473880740.jpg http://img.yf116.cn/image/img/20201118/1047303885078.jpg