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On October 15, the 200,000-ton per year hydrogenation project of Zhangye Jinchangyuan Coal Industry Co., Ltd. came online, marking another step forward in the industrial development level of Gaotai County. It is of great significance for further promoting the development of the coal recycling industry, facilitating the circular utilization of coal resources in surrounding areas, and establishing an industrial chain ranging from raw coal to gasoline and diesel derivatives. It will undoubtedly provide strong support for the county in accelerating industrial transformation and upgrading, fostering new economic growth drivers, and promoting the high-quality development of its industrial economy. Wang Guangyin, deputy chairman of the Zhangye Political Consultative Conference; Liu Weihong, secretary of the county party committee; Li Xuezhong, deputy director of the State-owned Assets Supervision and Administration Commission of Lanzhou City; county leaders Ma Xiaohong, Lu Weijian, Zhou Duoliang, Gu Wanzhang; as well as Zhou Hengbin, secretary of the party committee and chairman of Lanzhou Energy Investment Group Co., Ltd., and Chen Yan, deputy secretary of the party committee and general manager of the same company, were among the leaders and guests who attended the ceremony. The project is located in the coal chemical industry zone within the Circular Economy Industrial Park in Nanhua Town, Gaotai County. With a total investment of 970 million yuan, it is a key core project developed by Lanzhou Energy Investment Group Co., Ltd. and Zhangye Jinchangyuan Coal Industry Co., Ltd. It represents an important initiative for the clean and efficient utilization of coal, as well as for the development of a green, environmentally friendly, and circular industrial chain. The project integrates various functions such as logistics, coking, processing of raw coal, treatment of hazardous waste containing coal tar, and the production of gasoline, diesel, methanol, and other products. Zhangye Jinchangyuan Coal Industry Co., Ltd. plans to invest 7 billion yuan to develop a circular economy and environmental protection industrial chain based on a 200,000-ton tar hydrogenation project; this initiative aims to achieve an annual production of 1 million tons of refined coal, 6 million tons of coal-based products, 200,000 tons of methanol, and 1.2 million tons of coke. This project uses local bituminous coal from Zhangye as raw material; the coal slurry concentration is 60%, and the ash fusion point is 1355°C. The gasification unit employs Jinhua furnace gasification technology, with two gasification furnaces in operation – one as a backup for the other. Each furnace can produce 12,000 Nm3/h of useful gas (CO + H2). Once operational, the project will produce 115,600 tons of No. 2 light coal tar, 34,600 tons of No. 1 light coal tar, and 35,000 tons of asphalt each year. It is expected to generate revenue of 900 million yuan and a net profit of 150 million yuan, while creating 350 new jobs. The official commissioning of this project is of great significance for further promoting the development of the coal recycling industry in Gaotai County, facilitating the recycling of coal resources in the surrounding areas, and establishing an industrial chain that spans from raw coal to diesel and gasoline derivatives. It will surely provide strong support for the county to accelerate industrial transformation and upgrading, foster new sources of economic growth, and promote high-quality development of the industrial economy. Jinchangyuan Coal Industry Co., Ltd. in Zhangye City was established in December 2008. It is a coal enterprise under Lanzhou Energy Investment Group Co., Ltd., specializing in logistics, coal-to-gas conversion, coal-to-oil conversion, as well as the production and sales of raw coal; it serves as a leading enterprise in Gaotai County. In 2012, it was ranked among the top 100 enterprises in Gansu Province, coming in at 45th place. The company was awarded the titles of Advanced Taxpayer Enterprise and One of the Top 10 Enterprises by the Gaotai County Party Committee and the county government for two consecutive years. In November 2015, in order to accelerate the construction of the 200,000 tons per year medium-temperature tar hydrogenation plant, Lanzhou Energy Investment Group Co., Ltd. signed an agreement on capital increase and share expansion with Zhangye Jinchangyuan Coal Industry Co., Ltd., thereby opening a new chapter for the company’s development under state-owned capital ownership.