Signing of contract for Xintong Group and Xin’ao Group’s project to produce 2 billion cubic meters of coal-to-natural gas per year
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8 Release date: August 15, 2012 Source: Ordos Daily Author: Zhang Xiaodong, Cao Qilong On the 8th of that month, a signing ceremony was held in Dalaat Banner for the partnership project between Xintong Group and SNOW Group to produce 2 billion cubic meters of coal-based natural gas per year, as well as to develop the Bandongliang coal mine. It is reported that the scope of this cooperation includes two investment projects: 2 billion cubic meters per year of coal-to-natural gas production and the construction of the Bandongliang coal mine, to be developed jointly. The total investment amount for this cooperative project is 12 billion yuan. The shareholding ratio between the two parties is as follows: Xintong Group holds 60% of the shares, while SNOW Group holds 40%. Construction of the project is scheduled to begin at the end of April 2013, with a construction period of 3 years.
Is it Newao’s own technology? It seems that there are currently no precedents in China for the industrialization of proprietary technologies. 2 billion is also a significant amount.
Is this the same as SNOW’s underground coal combustion gasification?
Don’t focus on what he says; it’s what he does that matters It’s already good if construction starts by the end of 2014!
Who knows the specifics of this project? Let’s exchange ideas
Is there any contact information for a project department? Any one will do
New Oak is really great, operating in various fields of coal chemical industry. Were you also involved in gasification and coal-to-oil production before?
Could you share any updates on this project?