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On the morning of March 15, the groundbreaking ceremony for Ningxia Shengze Energy Technology Co., Ltd.’s project for the deep processing of natural gas at a capacity of 750,000 tons per year, along with the production of fine chemical products, was held on a grand scale. The 750,000 tons per year natural gas deep processing project coupled with the production of fine chemical products by Ningxia Shengze Energy Technology Co., Ltd. is located in the Gao Shawo area (East Zone) of the Yanchi Industrial Park in Ningxia, covering a total area of 690 mu. With a total investment of 5.787 billion yuan, it will be constructed in two phases. It is designed to handle 400,000 cubic meters of natural gas per day, with an annual consumption of 120 million cubic meters. The initial investment amounts to 1.568 billion yuan, intended for the construction of a facility capable of producing 150,000 tons per year of isobutane dehydrogenation products and 235,000 tons per year of MTBE. Construction will begin in mid-March, with the facility set to be completed and put into operation by December 2026. The second phase of investment amounts to 4.218 billion yuan, and it will involve the construction of facilities capable of producing 150,000 tons per year of synthetic gas from natural gas, 300,000 tons of butyl octanol, 200,000 tons of formaldehyde, 80,000 tons of neopentyl glycol, 50,000 tons of trimethylolpropane, and 200,000 tons of 1-butene, along with related auxiliary facilities. Construction is scheduled to begin in March 2026, with completion and operation set for December 2027. The first phase of Ningxia Shengze Energy Technology Co., Ltd.’s project for the deep processing of natural gas to produce high-value fine chemical products at a capacity of 750,000 tons per year represents a key strategic move by Shengze Energy, aimed at long-term development. It also serves as a new driving force for upgrading the industrial structure in Yanchi. The completion of this project will have a significant impact on promoting high-quality economic development in the region and contributing to the achievement of the “dual carbon” goals.