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Yulin High-Tech Energy Technology Co., Ltd. has invested a total of 83.2 billion yuan in a project to produce 5 million tons of coal-based oil. On March 15, the company held a special meeting to discuss and plan the progress of the project aimed at establishing a demonstration base for the technological upgrading of clean fuel production from coal. The meeting was chaired by Huang Ye, a member of the Party Committee and deputy general manager of the group company, as well as the director of Yulin High-Tech Energy Technology Co., Ltd. The meeting heard reports on the issues existing in the preparation of various plans related to the coal-to-clean-fuel industrialization project, such as site selection prior to approval, land-use efficiency assessment, social stability risk evaluation, water resource analysis, and carbon neutrality considerations in the environmental impact assessment report. The participants discussed these issues in depth and proposed solutions and measures. Huang Ye pointed out that the **14th Five-Year Plan outline has been officially released, which calls for the establishment of five strategic bases for coal-to-oil and gas production across the country, and the Yulin Demonstration Project for the technological upgrading of coal-based clean fuel production is included among them. He urged all employees in the company to adopt a political perspective, work backward from the deadline using a timeline-based approach, and to steadily advance tasks such as the preparation of relevant reports, completion of necessary procedures, project management planning, preparation of materials for the three meetings, and the formulation of the work plan for 2021, in accordance with the set deadlines. Responsibilities were to be clearly defined and assigned to specific individuals, with the goal of obtaining project approval as soon as possible. Yulin High-Tech Energy Technology Co., Ltd. was established on May 23, 2019, in the Yulin High-Tech Industrial Park. The company is a high-tech enterprise established through joint investment by Shaanxi Yulin Energy Group Co., Ltd., Zhongke Synthetic Oil Technology Co., Ltd., and Yulin Zhongzhi Dacheng Energy and Chemical Technology Consulting Center, in accordance with modern corporate governance principles. The respective investment proportions of the three companies are 45.9%, 44.1%, and 10%. Leveraging the resource advantages of Yulin Energy Group as well as the technical expertise and talent pool of Zhongke Synthetic Oil Technology Co., Ltd., the company is focused on utilizing the region’s abundant coal resources. It aims to build a demonstration project for coal-to-oil production (5 million tons per year) along with liquefied natural gas production (1 million tons per year) in the Yushen Industrial Park within the Yulin Economic and Technological Development Zone. The total investment is 83.2 billion yuan. The Yulin Energy Zhongke Industrial Cluster project has a total investment of 89.4 billion yuan and covers an area of about 14,500 mu. It comprises two projects: the coal-to-ethylene glycol project carried out by Shaanxi Yulin Energy Chemical Materials Co., Ltd. in the South Area of the Qingshui Industrial Zone of the Yushen Industrial Park in Yulin City, and the demonstration base for the technological upgrading of coal-based clean fuel production developed by Yulin High-Tech Energy Technology Co., Ltd.