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Xinjiang Xinye Nenghua achieved a strong start in production and operations in the first quarter

2022-04-01View Original

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Xinjiang Xinye Energy & Chemical saw strong performance in its production and operations in the first quarter. Author/Source: Xinjiang Xinye. Date: 2022-04-01. Clicks: 9. As of March 30, the company achieved a profit of 300 million yuan in the first quarter, with all key production and operation indicators showing strong growth, thus successfully meeting its goals for a successful start to the year. Of this, 147,000 tons of methanol were produced, achieving 102.06% of the budget target ; 54,600 tons of liquefied natural gas were produced, achieving 104.85% of the budget target, while 15,200 tons of BDO were produced, meeting 105.86% of the budget target. Compared with the same period last year, the production of methanol, liquefied natural gas, and BDO increased by 1.72%, 7.22%, and 29.96% respectively. Since the Spring Festival, Nenghua Company has stepped up its efforts to increase production volume, reduce material consumption, and control costs, thereby improving its overall production management level. The company’s main product, methanol, reached a daily production peak of 1,803.83 tons, as well as a peak production per shift of 603.66 tons ; In addition, optimize system management to ensure that backup units are in good condition and can be used reliably. In the first quarter, by focusing on the operation of gasifiers and boilers, the availability rate of these two types of equipment was 100%, while the overall availability rate of all equipment was ≥98%. Third, efforts are focused on key energy consumption indicators, with close monitoring and control throughout the process; the comprehensive energy consumption per unit of methanol and per unit of 1,4-butanediol both meet **the requirements for advanced levels. Fourth, it is necessary to promptly and keenly capture market information, conduct scientific analysis, clarify marketing strategies, and use the market as a guide to increase revenue. In addition, facing the fluctuations in the markets for its three main products—methanol, LNG, and BDO—as well as rising transportation costs due to increasing fuel prices, Nenghua Company has taken proactive measures. It sells a portion of the available quantity of its main products through online auctions, thereby raising the average selling price of these products and helping to increase revenue and profits. At the same time, taking advantage of the period when new methanol plants in the industry have not yet started operations, the company seizes market share in the region promptly, secures multiple high-quality contracts, and thus maximizes the market value of its products as well as the company’s profits.

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