The investment decision for the large-scale coal-to-olefins project in China Coal Pingshu, with a total investment of 29.78 billion yuan, has been approved

Thread Content

　Update date: 2025-03-07. On February 27, the investment decision for the Zhongmei Pingshuo olefins project was successfully approved by the board of directors of Zhongmei Group, marking a significant breakthrough in the process of incorporating this project into the planned initiatives and laying a solid foundation for its early inclusion in those plans. This integrated project for coal-based olefin new materials and their downstream processing, with a total investment of 29.78 billion yuan, is an important measure within Shanxi’s comprehensive energy reform initiative, and it represents a key step for Shuozhou in advancing its transformation and development. The China Coal Pingshu Coal-Based Olefins Project is located in the Chaoyang New Materials Industrial Park of the Pinglu Economic and Technological Development Zone. It will make full use of the integrated advantages of coal, electricity, chemicals, water, and new energy in the Pingshu mining area; by using the high-sulfur coal from the Dong Open-Pit Mine as raw material, it will integrate carbon-reduction methods such as green electricity and green hydrogen to produce high-end coal-based olefin new materials. The project construction period is 3 years, covering an area of approximately 2,940 mu. The main construction components include large-scale chemical production facilities such as 2.2 million tons per year of coal-to-methanol production, 800,000 tons per year of methanol-to-olefins production along with olefin separation, 400,000 tons per year of polyethylene production, and 200,000 tons per year of polypropylene production, as well as supporting utility systems and auxiliary facilities.