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Xinjiang Xinye Establishes New Company to Develop Projects for Clean and Efficient Coal Utilization Author/Source: Coal Chemical Industry Information Network Date: 2023-04-04 Clicks: 160 Recently, Xinye Coal Chemical (Shanshan) Co., Ltd. held its founding meeting as well as its first general meeting of shareholders, first board of directors meeting, and first meeting of the supervisory board, marking the official establishment of the company. Wan Zheng, Secretary of the Party Committee and Chairman of Xinjiang Xinye State-owned Assets Operation (Group) Co., Ltd. (referred to as “Xinye Group”), extended warm congratulations on the establishment of Xinye Coal Chemicals (Shanshan) Co., Ltd. He emphasized the need to seize firmly the major strategic opportunity offered by the autonomous region to develop \"eight major industrial clusters.\" Focusing on transforming Xinjiang’s abundant strategic coal resources into advantages for high-quality economic development, efforts should be made to build a coal chemical industry framework, and the initiative in advancing the development of coal chemistry in the autonomous region must be taken with determination. The establishment of Xinye Coal Chemical (Shanshan) Company represents an important step in the group company’s efforts to create a new strategic framework for development. With Shanshan Company as the core of the project, it is necessary to focus on key aspects, leverage its leading role, foster the development of industrial clusters and park-based advantages, and achieve high-quality development that is green and low-carbon. It is necessary to proactively engage with the **relevant departments, coordinate to resolve conflicts and issues, and accelerate the implementation of the project. At present, Xinye Coal Chemicals (Shanshan) Company has begun the preliminary work by engaging specialized firms to plan and design projects for the clean and efficient utilization of coal resources in the Kumtag mining area of Shanshan County. The goal is to develop a distinctive model for the efficient, high-quality, and clean use of coal resources, to create a portfolio of products with core competitive advantages as well as a sustainable industrial framework for the company. This initiative aims to make Xinye Group’s second modern coal chemical industry base, thereby contributing to the rapid development of a modern coal chemical industry sector and to building a socialist Xinjiang in the new era.