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Hualu Hengsheng (Jingzhou) Project Goes into Operation Author/Source: Coal Chemical Industry Information Network Date: November 10, 2023 Clicks: 147 On November 9, Hualu Hengsheng (600426.SH) announced that the gas power platform project and the comprehensive utilization project for syngas at its wholly-owned subsidiary, Hualu Hengsheng (Jingzhou) Co., Ltd., have completed all necessary processes; qualified products have been produced, and the projects have entered the trial production phase. Basic Information on the Project (I) Gas Power Platform Project in the Park: This project uses coal as raw material and employs internationally advanced multi-nozzle water-coal slurry gasification technology with independent intellectual property rights. It involves the construction of 4 coal gasification units along with associated facilities, as well as 2 air separation units, 3 high-temperature and high-pressure coal powder boilers, and various utility systems. According to the feasibility study report, the total investment for this project is estimated to be 5.924 billion yuan, with the construction funds to be covered by the equity funds of the holding subsidiary and bank loans. (II) Syngas Comprehensive Utilization Project: This project uses syngas as raw material and employs advanced, efficient synthesis and low-energy-consuming urea production technologies to build a urea production facility with an annual capacity of 1 million tons ； Utilize advanced methanol carbonylation technology to build an acetic acid production facility with an annual capacity of 1 million tons ； Adopt advanced low-pressure methods for the synthesis of organic amines and the contact process for DMF production, and build production facilities with an annual capacity of 150,000 tons of mixed methylamine and 150,000 tons of DMF ； Ammonia refrigeration, sulfur recovery, and associated utility facilities are provided. According to the feasibility study report, the total investment for this project is estimated to be 5.604 billion yuan ； The funding for the project construction will be covered by the equity funds of the holding subsidiary and bank loans. The gas power platform project and the comprehensive utilization project of syngas are among the first projects at Hualu Hengsheng’s Jingzhou facility; these projects enable an annual production of 1 million tons of urea, 1 million tons of acetic acid, 150,000 tons of dimethylformamide (DMF), and 150,000 tons of mixed methyleneamine. The completion and operation of these two projects will further enhance the company’s core competitiveness and lay a solid foundation for the future development of the Jingzhou facility. They are in line with the company’s development strategy and long-term plans, and bring significant economic and social benefits. Hualu Hengsheng’s new energy base project in Jingzhou, Hubei: For the first phase of this project, on October 31, 2020, Hualu Hengsheng signed a investment agreement with the people’s government of Jiangling County and the people’s government of Jingzhou City. The company plans to invest in the construction of Hualu Hengsheng’s modern coal chemical industry base in Jingzhou; the total investment for the first phase is expected to be no less than 10 billion yuan, with the aim of producing products such as functional urea, acetic acid, and organic amines. In July 2021, the Syngas Comprehensive Utilization Project and the Park Gas Power Platform Project of Hualu Hengsheng (Jingzhou) Co., Ltd. officially commenced construction in Jiangling County, Jingzhou City, Hubei Province. The Jingzhou facility project has entered the full construction phase, with a construction period of 36 months; it is expected to come online by the end of 2023. Upon completion of the project, the Jingzhou facility will have a production capacity of 1 million tons per year of urea, 1 million tons per year of acetic acid, 150,000 tons per year of DMF, and 150,000 tons per year of mixed methylene amine. Phase II of the project: On April 13, 2022, Hualu Hengsheng signed a Project Investment Agreement for green new energy materials with the people’s government of Jiangling County, Hubei Province. The plan is to invest in the development of such projects at the Jingzhou Jiangling New Energy and New Materials Industrial Base, with a total investment of around 5 billion RMB. The construction will include facilities for producing 160,000 tons per year of NMP, 200,000 tons per year of BDO, 30,000 tons per year of PBAT, as well as other supporting facilities ； 100,000 tons per year of acetic anhydride and supporting facilities.