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Agreement signed for 1-million-ton capacity project in Yulin coal chemical industry Author/Source: Energy & Chemical Industry Updates Date: October 20, 2021 Clicks: 10 In order to actively respond to the important strategic goal of \"reaching carbon peak and carbon neutrality\" and help our city achieve its carbon reduction targets, on October 13th, during the forum of the 16th Yulin International Coal and Advanced Energy Chemical Industry Expo themed \"Smart Energy for Yulin – Low-Carbon Development for a Better Future\", Liu Miao, chairman of Yulin City Investment Baisheng Chemical Technology Co., Ltd., and Zhang Hongwei, deputy general manager of China National Coal Group Shaanxi Yulin Energy Chemical Co., Ltd., signed a cooperation agreement for a project aimed at capturing and utilizing 1 million tons of liquid carbon dioxide. Project Introduction: Yulin Chengtou Baisheng Chemical Technology Co., Ltd. was established on April 14, 2021, with a registered capital of 50 million yuan. It is a subsidiary controlled by Yulin Chengtou Group. Under the proper leadership of all shareholders and with the strong support of relevant departments, by seizing policy opportunities, a project is planned to be built as part of China Coal’s carbon emission reduction efforts; this project will produce 1 million tons per year of liquid carbon dioxide (500,000 tons in the first phase), 20,000 tons of ammonium bicarbonate, and 10,000 tons of industrial ammonia water from coal chemical process waste gases. Upon completion of the project, it will enable Yulin City to reduce its carbon dioxide emissions by 1.011 million tons per year. To a certain extent, it will help address the issue of industrial exhaust gas emissions from the coal chemical projects operated by Shaanxi Yulin Energy and Chemical Co., Ltd. within the high-tech industrial park in Yulin City, Shaanxi Province. At the same time, it transforms waste into valuable resources, facilitating comprehensive resource utilization. It is an excellent project for reducing air pollution and generating economic, social, and environmental benefits through the comprehensive utilization of \"three types of waste\".