The 300,000-ton ethylene glycol production project at Binzhou Chemical Industry in the Wei River basin of Shaanxi is set to go into operation soon

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The 300,000-ton ethylene glycol project by Shaanxi Weihe Binzhou Chemical is set to be officially put into operation. Author/Source: Coal-based New Materials; Date: February 19, 2021; Views: 1. Duan Libo, deputy general manager of Shaanxi Coal and Chemical Industry Weihe Chemical Group, said, “Thanks to the unremitting efforts of over 800 employees of the company over the past three years, all production processes for the ethylene glycol project were completed on February 9. The production of finished ethylene glycol is scheduled to begin on February 18.” Once full production is achieved, 800 tons of high-quality ethylene glycol can be produced daily, securing a successful start to the new year. To ensure smooth production, the company has prepared epidemic prevention supplies in advance and made thorough arrangements for logistical support such as employees’ daily needs, so that everyone can enjoy a peaceful and warm Spring Festival at the factory. ” The ethylene glycol project of Shaanxi Weihe Binzhou Chemical Co., Ltd., which is part of the Shaanxi Coal Chemical Industry Group, is a key project in Shaanxi Province. It is located in the Xinmin High-End Energy and Chemical Industry Park in Binzhou City, with an annual production capacity of 300,000 tons of coal-based ethylene glycol. The total investment in this project amounts to 5.495 billion yuan, while its annual output value is 1.5 billion yuan. Since 2020, Binzhou City has introduced measures such as 10 guidelines to support the stable development of enterprises and detailed rules for industrial development. It provided interest subsidies of 1.5%, allocated 307 million yuan in additional reloans, waived 635 million yuan in corporate taxes, social insurance fees, etc., and offered reductions or deferrals on rent and electricity costs for small and medium-sized enterprises amounting to 2.57 million yuan, all of which helped to drive a gradual recovery of the economy. At the same time, the city introduced 9 measures to further accelerate the development of key projects, established a \"seven-responsibility\" system for municipal leaders, and 155 key projects saw an investment of 9.5 billion yuan.