The CMEP Coal-based Olefins New Materials and Downstream Deep Processing Integration Project, with a total investment of 29.7 billion yuan, is set to officially enter the construction phase
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Recently, a list of the top 10 key projects directly supervised by the Shanxi Provincial Government, published on the government’s official website, showed that the Coal-based Olefins and Downstream Deep Processing Integration Project led by China National Coal Group Pingshuo, with a total investment of 29.7 billion yuan, was included on this list. With an annual investment plan of 850 million yuan, this project is expected to enter the construction phase soon. Recently, the investment decision for the Zhongmei Pingshuo olefins project was successfully approved by the board of directors of Zhongmei Group, marking a significant breakthrough in the process of incorporating this project into the relevant plans and laying a solid foundation for its early inclusion in those plans. This integrated project for coal-based olefin new materials and their downstream processing, with a total investment of 29.78 billion yuan, is an important measure within Shanxi’s comprehensive reform pilot for the energy revolution, and it represents a key step for Shuozhou in advancing its transformation and development. The China Coal Pingshu Coal-based Olefins Project is located in the Chaoyang New Materials Industrial Park of the Pinglu Economic and Technological Development Zone. It will make full use of the integrated advantages of coal, electricity, chemicals, water, and new energy in the Pingshu mining area; by using the high-sulfur coal from the Dong Open-pit Mine as raw material, it will integrate carbon-reduction methods such as green electricity and green hydrogen to produce high-end coal-based olefin new materials. The CMEP Coal-based Olefins New Materials and Downstream Deep Processing Integration Project, with a total investment of 29.7 billion yuan, is set to officially enter the construction phase
Project Overview: The coal-based olefins new materials and downstream deep processing integration project of China Coal Energy Group Co., Ltd. is an energy transition project based in Shuozhou City. In this project, Shuozhou City and China Coal Group make full use of the integrated advantages of coal, electricity, chemicals, water, and new energy in the Pingshuo mining area. By utilizing high-sulfur, high-ash content coal as raw material, and by integrating approaches such as green electricity and green hydrogen to reduce carbon emissions, this project aims to produce high-end coal-based olefins new materials. The total investment in the project is 29.78 billion yuan, it covers an area of about 2,940 mu, and the construction period is 3 years. It will be capable of producing 2.2 million tons of methanol per year, as well as 1 million tons of coal-based olefin materials. The project is located in the Chaoyang New Materials Industrial Park of the Pinglu Economic and Technological Development Zone, using high-sulfur coal from the Dong Open-pit Mine as fuel. The project consists of large-scale chemical production units such as a 2.2 million tons per year coal-to-methanol plant, an 800,000 tons per year methanol-to-olefins and olefin separation plant, a 400,000 tons per year polyethylene plant, a 200,000 tons per year polypropylene plant, a 200,000 tons per year hydrogen peroxide plant, a 300,000 tons per year HPPO plant, a 300,000 tons per year polyether polyol plant, and a 100,000 tons per year PPC plant, along with supporting utility systems and auxiliary facilities.