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On April 27, Xinye Nenghua Company and SCD Ningbo Engineering Co., Ltd. of Sinochem signed an EPC general contract for a 60,000-ton/year polyoxymethylene project in Ningbo. The total investment for the second phase of this project, with a capacity of 60,000 tons per year, is 1.31 billion yuan. It not only enables the conversion of methanol raw materials into products with high added value, but also promotes the development of the coal chemical industry in a diversified and higher-quality direction through the approach of \"using technological innovation to complete industrial chains and seeking external cooperation to expand them.\" Once operational, the annual output value of this project is expected to exceed 600 million yuan. On April 30, Xinye Nenghua Company held the groundbreaking ceremony for its 60,000 tons per year polyoxymethylene production project in the East Industrial Park of the Wujiaqu Economic and Technological Development Zone.
In July 2023, the successful completion and commissioning of the project with an annual production capacity of 40,000 tons of polyoxymethylene not only filled a historical gap in Xinjiang’s polyoxymethylene industry but also served as a catalyst for Xinye Group to continue advancing into the field of high-end new materials; In April 2025, the construction of a project with an annual production capacity of 60,000 tons of polyoxymethylene began. This project represents a key element in Newye Energy Chemical Company’s efforts to align itself with the region’s “five strategic priorities,” to seize the opportunities presented by the development of “ten industrial clusters” and the construction of “three bases and one corridor.” It also forms part of the company’s plan to create a chemical new materials industry group that can leverage the region’s comparative advantages in the western part of the country. Furthermore, it is an essential step in implementing Newye Group’s strategy of focusing on the coal chemical industry and striving for renewed success, as well as in building China’s largest high-end polyoxymethylene new materials manufacturing base. It represents an important mission entrusted to Newye Energy Chemical Company by the regional government, the Xinjiang Production and Construction Corps, and the local authorities. As one of the five major engineering plastics, polyoxymethylene is widely used in industries such as automotive and electronics, and it serves as an ideal alternative to metal materials and other plastics. Since 2021, Xinye Nenghua Company has been focusing on the polyoxymethylene industry; its first production facility with an annual capacity of 40,000 tons came online in July 2023, setting a record for the fastest commissioning time of such a facility in China. The 60,000-ton/year project in Phase 2, which is now under construction, represents a key step for Xinye Energy Chemicals in deepening its coal chemical industry chain and promoting integration between military and local sectors as well as green and low-carbon development. The project is scheduled to begin trial operations at the end of 2026. Once fully operational, Xinye Nenghua Company’s total production capacity for polyoxymethylene will reach 100,000 tons per year, with an annual output value exceeding 1 billion yuan. This will make it the largest polyoxymethylene production facility in the Northwest region, one that operates with the lowest consumption levels and the most efficient processes.
The first phase of the project, with a total investment of 1.3 billion yuan and an annual production capacity of 40,000 tons of polyoxymethylene, began construction in April 2021. Leveraging Xinye Nenghua Company’s abundant methanol resources and the low-pressure steam generated as a by-product of its systems, this project utilizes advanced foreign technologies and key equipment to extend the industrial chain and increase added value, thereby producing non-toxic and harmless coal-based new materials – polyoxymethylene polymer resins. As one of the five major engineering plastics, polyoxymethylene is widely used in industries such as automotive, electronics, and electrical appliances. Thanks to its high strength and ease of processing, it serves as an ideal alternative to metal materials such as steel, copper, zinc, and aluminum, as well as to other plastics, offering broad market prospects. It is reported that while pushing forward with the commissioning of the first-phase polyoxymethylene plant with an annual production capacity of 40,000 tons, the New Energy and Chemicals Department is also actively carrying out the preliminary work for the second-phase project, which has an annual production capacity of 60,000 tons and requires a total investment of 1.5 billion yuan. The energy-saving assessment has been completed, and procurement of the process packages is currently in progress. Upon completion of all phases of the project, it will become the largest polyoxymethylene production facility in the Northwest region and even across the whole country, playing a significant role in enhancing the regional level of technological advancement, optimizing the industrial structure, and extending the industrial chain. At the same time, it will surely make positive contributions to helping Xinye Group achieve its strategic goals at an early date – namely, becoming a cornerstone of the development of Xinjiang’s coal chemical industry, a model for independent innovation in this sector, and a key force in ensuring a stable supply of energy. On July 9, 2023, the first phase of the polyoxymethylene production facility with an annual capacity of 40,000 tons, built by Xinye Energy & Chemical Co., Ltd. at a total investment of 1.3 billion yuan, completed successful trial operations across the entire production process. The first batch of qualified products was produced, filling the gap in polyoxymethylene products in Xinjiang and setting a record for the fastest commissioning time of a similar facility in China! Once operational, this project is expected to generate annual revenue of 600 million yuan and an annual profit of 150 million yuan, while creating over 200 job opportunities. The project entered the material feeding and commissioning phase on June 8. On June 17, the polyoxymethylene plant was fed with raw materials ; On July 3, qualified products of triomethylenetetraoxane and dioxolane with purities of 99.9% and 99.99% were produced ; On July 6, the polymerization system was successfully fed with materials, resulting in the production of crude polyoxymethylene ; At 9:16 on July 9, the pelletizing was successful; the entire production process for polyoxymethylene was operational, and the trial run with feed material was a success.
Xinjiang Xinye Energy and Chemical Co., Ltd. (hereinafter referred to as the Company) is located in the East Industrial Park of the **-level Wujiaqu Economic and Technological Development Zone. With a registered capital of 2 billion yuan and covering an area of 2,500 mu, it was established in December 2009. Approved by the State-owned Assets Supervision and Administration Commission of the autonomous region, it was set up through joint investment by Xinjiang Xinye State-owned Assets Operation (Group) Co., Ltd. and its subsidiary Xinjiang Xinye Shengrong Venture Capital Co., Ltd. It operates as a state-owned enterprise organized and managed in accordance with modern corporate systems, and it represents a large-scale, modern coal chemical enterprise that exemplifies the integration of military and local development efforts. To date, the company has invested 6.5 billion yuan to complete the first phase of the 200,000-ton/year fine chemical project for 1,4-butanediol and its associated facilities, which are now in operation. This enables annual production of 60,000 tons of 1,4-butanediol, 500,000 tons of methanol, 192,000 tons of liquefied natural gas, 100,000 tons of high-purity gasoline produced from methanol, as well as various other by-products; in addition, it has a waste heat power generation capacity of over 50,000 KW. This project utilizes domestically and internationally leading technologies that are well-proven in operation. It features a high rate of economic conversion of coal, a good input-output ratio, and significant economies of scale, thereby setting the direction for the development of modern new coal chemical industries. The company actively pursues the development philosophy that \"lucid waters and lush mountains are invaluable assets\" as well as \"giving priority to environmental protection and building the enterprise in an ecological way.\" It has invested 1.27 billion yuan (20.16% of the total investment) in the construction and upgrading of environmental protection facilities, to ensure that the treatment of \"waste gas, wastewater, and noise\" meets standards that are superior to **environmental regulations**.