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Author/Source: Economic Reference News Date: 2009-4-2 -------------------------------------------------------------------------------- Hebei Yutai Group has recently announced that it will form a joint venture with foreign investors to establish a \"coal chemical circular economy energy industry chain\" in the Fengfeng Mining Area of Handan City. Previously, this industrial chain project had been included in Hebei Province’s 11th Five-Year Development Plan. According to Li Wei, chairman of Yutai Group, Yutai’s coal chemical circular economy industrial chain includes a range of major projects such as an annual production capacity of 2.6 million tons of metallurgical coke, 300,000 tons of methanol, 200,000 tons of benzene hydrogenation products, and 2 million tons of dimethyl ether. Among them, the 100,000 tons per year dimethyl ether project was completed and put into operation in September 2007 ； The second 100,000-ton dimethyl ether project will be completed and put into operation next month. The 100,000 tons per year coking benzene hydrogenation refining project will also be fully completed by June 2009. Li Wei said that the Yutai coal chemical industry chain project is constructed in two phases. The first phase of the project involves an annual production capacity of 200,000 tons of dimethyl ether, 100,000 tons of hydrogenated refined naphthalene, and 1.3 million tons of metallurgical coke ； The second phase of the project will have an annual production capacity of 1.8 million tons of dimethyl ether, 300,000 tons of methanol, 100,000 tons of hydrogenated and refined coking benzene, and 1.3 million tons of metallurgical coke. The total investment in this industrial chain is approximately 4.5 billion yuan. Once all projects are in operation, they will generate annual sales revenue of 23 billion yuan and profits and taxes of 5 billion yuan, while providing employment for over 3,500 people.