[Haichuan Project Updates] Yanchang Petroleum invests 2.564 billion yuan in Kaiyue Coal Chemical’s 500,000 tons/year methanol-to-ethanol project

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On April 24, the deep processing project for methanol and acetic acid at Yulin Kaiyue Coal Chemical Company received pre-approval for energy use, and the application to have the project established within the industrial park has been submitted to the relevant authorities in Yulin City. For the 500,000 tons per year methanol-to-ethanol project, the energy-saving report, energy consumption solution, safety pre-assessment report, and environmental impact assessment report have been prepared and are ready to be submitted for approval. The 500,000 tons per year methanol-to-ethanol project of Kaiyue Coal Chemical is a subsidiary project of the methanol and acetic acid deep-processing project in Yuheng, which Yanchang Petroleum Group plans to develop during the 14th Five-Year Plan period in Yulin. It will facilitate the integrated development of the methanol and acetic acid industry chains in the Yulin area, and it also represents the \"hope project\" for Kaiyue Coal Chemical to become stronger, more efficient, and sustainably developed. The total planned investment for the Yuheng methanol and acetic acid deep processing project is approximately 9.3 billion yuan, of which the 500,000 tons per year methanol-to-ethanol project is estimated to cost 2.564 billion yuan. To ensure the project is implemented as soon as possible, Kaiyue Coal Chemical Company has held multiple meetings with the relevant departments at the provincial, municipal, and district levels to coordinate matters and actively handle all the preliminary procedures. Especially in the face of current strict approval policies for chemical projects such as the dual controls on energy consumption and carbon emissions, Kaiyue Coal Chemical does everything possible and plans ahead to secure favorable conditions for completing the project’s procedures.