【Haichuan Chemical Project Updates】Black Cat Coking, Kuqa Coal Chemical Circular Economy Industry and Related Coal Mining Projects

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Coal chemical circular economy industry and related coal mining projects: On April 26, 2023, Xinjiang Heimaotou Coal Chemical Co., Ltd., a wholly-owned subsidiary of Shaanxi Heimaotou Coking Co., Ltd., signed an Investment Framework Agreement with the People’s Government of Kuche City, reaching a consensus on Shaanxi Heimaotou’s intention to establish a coal chemical circular economy industry along with associated coal mining projects in the Kuche Development Zone. Project details: The project is located in Kuche City, Xinjiang Uyghur Autonomous Region. It involves the construction of a coking plant with an annual production capacity of 6.4 million tons, as well as related facilities for coal chemical industries such as crude benzene hydrogenation, tar processing, and LNG production; in addition, coal mining projects are also part of this initiative. The project is planned to be constructed in four phases, with a construction period of 10 years. Results: The project is in line with the company’s strategic plan for Xinjiang; it enables full utilization of the coal resource advantages in the Aksu region and Kuqa City, thereby continuously enhancing market competitiveness.