Suning Global signs a coal power and coal chemical project agreement with Qitai County
Thread Content
At the end of August 2011, Qitai County in Changji Prefecture, Xinjiang, signed a strategic cooperation framework agreement with Suning Global Group for three coal-fired power and coal chemical projects with a capacity of one million tons each. This project mainly involves the construction of coal-based power, coal chemical projects such as electrolytic aluminum production, ethylene glycol production from coal, methanol production from coal, and electricity generation from coal. The total registered capital for the entire project is 13 billion yuan ； Of this, the 1.6 million tons of electrolytic aluminum project, along with the associated 8×350,000 kilowatt coal-based power generation projects, requires a registered capital of 4 billion yuan; the 1.8 million tons of coal-based methanol project requires 6 billion yuan in registered capital, while the project for producing 1.2 million tons of coal-based ethylene glycol per year requires 3 billion yuan in registered capital.
Every company wants to get into coal chemical projects – why is that? Just looking at the registered capital, the gap is quite large; could it be that the rest comes from bank loans?
Hehe, it’s to make money, right? It has to be done step by step; it’s impossible to do it all at once
The registered capital for the 1.2 million tons per year coal-based ethylene glycol production project is 3 billion yuan. How is this figure determined?
Another one – it’s not clear how deep the waters are. There are too many coal chemical industries in Xinjiang; how much more resources will be wasted?
Ah, the wind is strong but the rain is light; it’s good enough to manage to finish the initial stages.
Suning Global is an investment-oriented company with a wide range of investment areas!
It seems there’s no way to go to Xinjiang anymore, with so many chemical industry projects there! How can one survive there anymore?