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Author/Source: Xinmin.com date: 2009-4-7 ------------------------------------------------------------------------------- Yesterday afternoon, the Yulin City Coal Chemical Industry and Salt Chemical Industry Project Promotion Conference was successfully held. The 45 projects launched by Yulin City have a total investment of 93.07 billion yuan, attracting the attention of 41 domestic companies. Among them, 8 companies have made it clear that they are willing to build an energy and chemical industry base with Yulin. Because of its rich mineral resources, Yulin is known as "Kuwait of China". According to reports, at present, 48 types of minerals in 8 categories have been discovered in Yulin, especially coal, gas, oil, and salt resources. 54% of the city's more than 43,000 square kilometers of land contains coal, with predicted reserves of 272 billion tons and proven reserves of 146 billion tons. The coal has good quality and is easy to mine. It is a high-quality industrial gasification coal and thermal coal. * * It has been decided to build two large-scale coal bases in northern Shaanxi and Shendong in Yulin, with three large-scale Jurassic coalfields, Shenfu, Yushen and Yuheng, and two Carboniferous-Permian coalfields, Fugu and Wubao, planned. The predicted reserves of oil are 600 million tons, and the predicted reserves of rock salt are 6 trillion tons, accounting for 26% of the country's total. The proven reserves are 885.7 billion tons, making it the largest underground "salt sea" in my country. In 2009, among the 90 projects confirmed for implementation in Yulin, 53 were in the energy and chemical industry. The 45 projects launched this time are closely integrated with Yulin's resource advantages and industrial advantages. Their good investment returns and development prospects have attracted the close attention of 41 domestic companies. At the promotion meeting, representatives from eight companies including China Guodian Group Northwest Branch, China Recycling Energy Co., Ltd., Shaanxi Coal and Chemical Industry Group Co., Ltd., Shanxi Lihu Group, Datang Group, and Shaanxi Xiahua Coal and Electricity Group expressed their willingness to cooperate with "China Kuwait" to implement the "three transformations" of coal to electricity, coal electricity to energy-carrying industrial products, and kerosene, gas, and salt to chemical products.