Yuansing Energy: A 400,000-ton/year methanol production facility owned by Boyuan Lianhua has recently resumed operations

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Yuanxing Energy: A 400,000-ton/year methanol production facility owned by Boyuan United Chemicals has resumed operations recently. Author/Source: Date: 2021-03-16 Clicks: 16 On March 10, Yuanxing Energy (000683) issued a announcement stating that it had disclosed a report titled “Announcement on Routine Shutdown of a Subsidiary’s Facilities” on November 4, 2020. Due to the high demand for natural gas during the winter period, the natural gas-to-methanol production facility operated by the company’s subsidiary, Inner Mongolia Boyuan United Chemical Co., Ltd. (“Boyuan United Chemicals”), was shut down on November 1, 2020. During the shutdown period, the company conducts systematic inspections, repairs, and maintenance on the methanol plant, and makes active preparations for its resumption of operation. Currently, as the demand for natural gas for domestic use has declined, the pressure on natural gas supply has gradually eased, and a 400,000-ton/year methanol production facility owned by Boyuan Lianhua has resumed operations recently. The company will arrange the resumption of operation of another 600,000 tons per year methanol production unit at Boyuan Lianhua at an appropriate time, depending on the improvement in natural gas supply, and will issue a announcement in due course.