Xinjiang Lüsite Energy Co., Ltd.’s annual production project of 2x8 million tons of upgraded coal and chemical recycling industry products

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Xinjiang Lüst Energy Co., Ltd.’s project for annual production of 2x8 million tons of upgraded coal and development of a chemical recycling industry. Project name: Xinjiang Lüst Energy Co., Ltd.’s project for annual production of 2x8 million tons of upgraded coal and development of a chemical recycling industry. Date of initiation: April 2, 2026. Location: Xinjiang. Industry/project type: Chemicals and pharmaceuticals / Processing of fuels such as oil and coal / Modern coal chemistry. Project owner: Xinjiang Lüst Energy Co., Ltd. Total investment amount: 1,200,000 million yuan. Current progress: Planning and feasibility study phase. Construction location: Naomaohu Economic and Technological Development Zone, Xinxing City, Xinjiang. Scope of the project: Annual production of 2x8 million tons of upgraded coal, as well as development of a chemical recycling industry (project for the clean and efficient utilization of 36 million tons of low-grade coal per year through sorting and quality differentiation). Progress milestone: 2026-04-01. The project is still in the preliminary processing stage. (Planing and Feasibility Study) On July 2, 2025, at the “Investment Corps” and Premium Products Launch Event of the 2025 (China) Asia-Europe Commodity Trade Expo, the city signed a contract with Xinjiang Lüst Energy Co., Ltd. for a project aimed at producing 2×8 million tons of high-quality coal per year, as well as developing a chemical recycling industry; this project involves the clean and efficient utilization of 36 million tons of low-grade coal per year. The value of the contract is 12 billion yuan. (Investment Intent Agreement Signing)