The three parties will invest 50 billion yuan! Large-scale coal chemical project in Hami, Xinjiang signed and implemented
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On May 31, Xinjiang Energy Group held a signing ceremony for a strategic cooperation framework agreement with Aerospace Investment Holding Co., Ltd. and Aerospace Changzheng Chemical Engineering Co., Ltd. The three parties will work together through strategic coordination, operational collaboration, and the integration of industry and finance to advance the construction of coal chemical projects in the Santanghu mining area of Hami. They will pursue comprehensive and in-depth strategic cooperation in areas such as the clean and efficient utilization of coal, as well as the development of the entire industrial chain related to modern coal chemical circular economy. The No. 1 open-pit coal mine in the Santanghu mining area of Xinjiang Energy Group is the only coal mine in this area that has been built and put into operation. Its approved production capacity is 15 million tons per year, and the coal features low ash content, high calorific value, and low levels of harmful elements, making it possible to provide a high-quality and sufficient supply of coal for coal chemical projects.
The Shitoumei-1 open-pit coal mine is located about 50 kilometers west of Santanghu Town in the Barkol Kazakh Autonomous County. The mining area is approximately 9.54 kilometers long from east to west and 10.77 kilometers wide from north to south, covering an area of 102.75 square kilometers; the geological resource reserves amount to 3.575 billion tons. Construction began in March 2020, and in March 2022, the first phase of the coal mine (with a capacity of 5 million tons per year) passed the inspection and obtained a safety production license. This mine is the only approved open-pit coal mine in the Santanghu mining area, and it is also the only coal mine in that area that is currently operating at full capacity. It boasts large resource reserves, thick coal seams, and favorable mining conditions. The coal produced here features low sulfur and phosphorus content as well as a high calorific value, making it a reliable source of coal for important strategic projects such as the third route for transporting electricity from Xinjiang, the export of coal from Xinjiang, and the development of a new comprehensive energy base in northern Hami. The approval for this additional production capacity is of great significance for the local development of advanced coal-fired power and modern coal chemical industries, as well as for ensuring energy and resource security.