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The coal tar deep processing project of Yiqi Xinnuo Zhengneng Chemical Co., Ltd. is located within the HuiNeng Industrial Zone of the Shengyuan Coal Chemical Industry Base, with a total investment of 1.5 billion yuan. This project uses coal tar as raw material and employs a series of processes such as flashing, distillation for dehydration, vacuum distillation, and heating separation of asphalt to produce chemical products including light oil, phenol oil, washing oil, anthracene oil, and asphalt. Upon completion of the project, the annual processing capacity for coal tar will be 300,000 tons, and the products can be widely used in the fields of clean energy, aromatic hydrocarbon raw materials, and the production of carbon electrodes. The project will be constructed in three phases. The main construction elements include a production unit area, a crude oil storage area, a product oil storage area, an automobile loading/unloading station, a power distribution and control room for the facilities, a central control room, a laboratory, a circulating water pump room (including a foam station), external pipelines, and auxiliary buildings (including air compressors, nitrogen generation units, warehouses, and maintenance areas). The investment for Phase 1 is 80 million yuan; this phase focuses on the construction of facilities for the deep processing of 300,000 tons of coal tar, with completion expected by the end of September 2020 ; The second-phase investment amounts to about 700 million yuan, primarily for the construction of tar hydrogenation and related facilities ; Phase 3 investment amounts to approximately 720 million yuan, which will be used to further increase the production capacity for coal tar and tar hydrogenation; the project is expected to be completed in December 2023.
The investment intensity of coking enterprises is still relatively low, but with product diversification, might the economic benefits be better?