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The decision to invest in the construction of the China National Coal Group Yulin Coal Deep Processing Base was approved by China National Coal Group Shaanxi Company, a wholly-owned subsidiary of China National Coal Energy Corporation. Author/Source: Energy & Chemical Industry News. Date: May 4, 2023. Clicks: 141. Recently, the decision to invest in this project was approved. The investment amount for this project is 23,888,132.1 thousand yuan. It is located in the Southern Area of the Energy and Chemical Industry Zone in Yuheng Industrial Zone, Yulin City, Shaanxi Province. The designed production capacity is 2.2 million tons of methanol per year and 900,000 tons of polyolefins per year; one EVA plant and three polyolefin plants will be built to produce a range of high-end polyolefin products. The total estimated duration of the project is 30 months. The capital investment will be provided by China Coal Energy, amounting to 716,643.96 million yuan, which constitutes 30% of the total estimated investment. The remaining funds will be financed through bank loans or other financial instruments, totaling 1,672,169.25 million yuan, accounting for 70% of the total estimated investment. In June 2022, the project received the \"Approval on the Environmental Impact Report for the China Coal Yulin Coal Deep Processing Base Project\" issued by the Ministry of Ecology and Environment of the People’s Republic of China (Document No. Huan Shen [2022] 75). In January 2023, the project got the \"Approval from the Shaanxi Provincial Development and Reform Commission regarding the China Coal Yulin Coal Deep Processing Base Project\" issued by that commission (Document No. Shan Fa Gai Neng Chan \135). To date, 10 out of the 14 preliminary approval documents required for this project have been obtained; the remaining 4 documents, including those related to safety pre-assessment, energy efficiency evaluation, water resource assessment, and soil and water conservation, are currently being processed.