Yanzhou Coal Industry Yulin 2.3 million tons of methanol (News)

Well, it seems like a fair amount of time has passed. The History News Award is awarded to you. 1. The 600,000-ton methanol project: This project is located in the Yushuwan mining area, at the border between Yuyang District in Yulin City and Dabaochang Town in Shenmu County, Shaanxi Province. It covers an area of 69.8 hectares and represents the largest coal-to-methanol production facility of its kind currently in operation in China. The project has an annual methanol production capacity of over 700,000 tons. The total investment in the project is 3.41 billion yuan. After completion, it will generate annual sales revenue of 1.4 billion yuan and an annual profit of 400 million yuan, with an investment payback period of 8.4 years (including the construction period). The project held its groundbreaking ceremony on April 13, 2005; the construction of the main structure began on April 16, 2006. At 9 a.m. on December 29, 2008, the plant was put into trial operation, allowing the chemical processing chain to be operational and qualified methanol to be produced, making it the largest coal-to-methanol facility in operation in China to date. This was a successful single feeding operation under harsh conditions of minus 20°C and a wind force of level 6 from the northwest – a scenario that is rare in the history of chemical plant construction both in China and internationally! From the official start of construction on April 16, 2006, to the production of qualified methanol by December 2008, only 24 months were required (with a 4-month freezing period each year during which construction could not take place), setting a leading standard for coal chemical plant construction in China. 　　II. 1.8 million tons methanol project and value-added processing projects The second-phase 1.8 million tons methanol and value-added processing project is the second phase of Yankuang’s 2.4 million tons per year methanol project; it also includes a 1 million tons olefins project, covering an area of approximately 136 hectares. The designed capacity for methanol is 1.8 million tons per year, for CO it is 200,000 tons per year, and for acetic acid it is 400,000 tons per year. Through alcohol-ether conversion, 200,000 tons per year of high-density polyethylene, 600,000 tons per year of vinyl acetate, and 600,000 tons per year of polypropylene can be produced. The total estimated investment for the project is around 36 billion yuan (including foreign exchange). Upon completion of the project, it is expected to generate annual sales revenue of 13.616 billion yuan, annual taxes and fees of around 3.591 billion yuan, and an average annual after-tax profit of 3.829 billion yuan. 　　To date, technical exchanges have been held with 35 patent technology providers, and confidentiality agreements have been signed. The technical approaches for various aspects of the project have been determined, and several cooperation agreements have been reached with Total SA, one of the world’s four major oil and gas companies, which ranked 8th on the 2008 Fortune Global 500 list. All relevant evaluation reports have been prepared, reviewed, and approved for record-keeping. 　　III. 1 million-ton coal liquefaction project This project is a **key major project under construction. Three of the R&D projects related to coal chemical technology carried out by Yankuang Group are included in the **\"863\" High-Tech Program. The indirect coal-to-oil technology utilized in these projects is one of the technologies covered by the \"863\" program. As one of the world’s most advanced coal chemical processing technologies as well as Fischer-Tropsch synthesis technology, 26 patents have been applied for in **; 11 of these patents have been approved by the patent office. On February 8, 2006, approval was granted under Document No. 2 issued by the National Development and Reform Commission regarding energy and coal-related matters. The first phase of the project has a production capacity of 5 million tons of oil products per year; initially, about 10.9 billion yuan is invested to build an industrial demonstration production line with a capacity of 1 million tons of oil products per year. Once this demonstration facility proves successful, the construction of the 5-million-ton capacity facility in the first phase will be carried out ； The second phase will have a capacity of 5 million tons of oil products per year; the total capacity of the project is 10 million tons of oil products per year, with a total investment of around 100 billion yuan. All review reports for coal-to-oil projects have been completed; the **National Development and Reform Commission will submit them to the State Council for approval. Once approved by the State Council, construction can proceed officially. 　　IV. Development Plan As an investment enterprise of Yankuang Group in Shaanxi, Yanzhou Coal Industry Yulin Energy & Chemical Company will adhere to a development approach centered on \"a high starting point, large-scale integration, and multiple co-productions from resources and conversion projects,\" as well as the guiding principles of \"cleanliness, efficiency, value addition, and strengthening of competitiveness.\" By leveraging the comparative advantages of coal, and using the construction of circular economy parks as a platform, supported by advanced technologies such as new-type water-coal slurry gasification, pressurized coal gasification, core technologies for indirect coal liquefaction, and large-scale industrialization techniques, the company will focus on developing indirect coal liquefaction and coal-based multi-product systems. It aims to carry out comprehensive development of coal, chemical, and power production, and to build first-class chemical parks in China for methanol and its downstream products, as well as chemical parks for coal-to-oil conversion and the deep processing of by-products in the Yuyang area. 　　The goal of the development plan for the Yankuang Yulin Energy and Heavy Chemical Industry Base is to utilize Yulin’s coal resources to build a project capable of producing 2.4 million tons of methanol in Yulin, Shaanxi, along with 1 million tons of olefins as a complementary product. Additionally, a pilot project for the indirect liquefaction of coal will be established. The aim is to establish a solid industrial foundation for this energy and heavy chemical industry base by the end of the 11th Five-Year Plan period. By 2020, this base is expected to achieve economies of scale, with methanol production reaching 2.4 million tons, olefins production reaching 1 million tons, coal-to-oil production reaching 5 million tons, coal production reaching 40 million tons, and other related conversion processes being carried out.