24.8 billion yuan invested! Baofeng Energy plans to develop a 5 million-ton ethylene glycol project

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Recently, the polyester and raw materials project (Phase I) of Ningxia Sainuo Chemical Co., Ltd. was submitted for approval. Ningxia Sainuo Chemical Co., Ltd. is wholly owned by Ningxia Baofeng Energy Group Co., Ltd., with 100% ownership. It was established on December 30, 2025, and has a registered capital of 1 billion yuan. The polyester and raw materials project of Ningxia Sainuo Chemical Co., Ltd. is a high-end polyester industry chain project developed by Baofeng Energy in the Ningdong Energy and Chemical Industry Base. By building on Baofeng’s existing basic raw materials such as coal-based methanol and olefins, this project extends into downstream products like polyester (such as PET/PBT) and key raw materials (such as PTA/BD0), thereby creating an integrated circular chain of \"coal – methanol – olefins – polyester/fine chemicals\" to increase the added value of the products. The polyester and raw materials project (Phase 1) of Ningxia Sainuo Chemical Co., Ltd. is being constructed in two phases: Phase 1 is for the production of ethylene glycol, while Phase 2 is for the production of polyester products. At present, efforts are focused on advancing Phase 1 of the project. Polyester and Raw Materials Project (Phase I) of Ningxia Sainuo Chemical Co., Ltd.
Location: Carbon-based New Materials Industry Zone, Ningdong Energy and Chemical Industry Base
Developer: Ningxia Sainuo Chemical Co., Ltd.
Land area: 113.65 hectares
Project investment: The total investment amounts to 2,480,000 million yuan, of which 2,555,450 million yuan is allocated to environmental protection measures.
Project scale: Upon completion, the plant will primarily produce 5 million tons of ethylene glycol per year.
Construction details: The project involves the construction of H/CO separation units, dimethyl oxalate production facilities, and ethylene glycol production units. Additionally, supporting infrastructure such as a circulating water system, tank areas, flare systems, waste gas treatment facilities, sewage treatment systems, hazardous waste storage areas, initial rainwater collection tanks, and accident containment tanks will be built, along with various environmental protection facilities.