Beikong Energy acquires 34% stake in Keqi coal-to-gas project
Thread Content
On December 4, Datang Energy Chemical Co., Ltd. issued a \"Statement on Waiving the Pre-emptive Right\" to Beijing Gas Group Co., Ltd., the other shareholder of its holding subsidiary Inner Mongolia Datang International Kesikteng Coal-to-Natural Gas Co., Ltd., agreeing that Beijing Gas Group could transfer its 34% stake in Kesikteng Coal-to-Gas Company to Beijing Beikong Energy Investment Co., Ltd., and Datang Energy Chemical waived its pre-emptive right with regard to this transfer. The first large-scale coal-to-natural gas demonstration project in China – the Datang International Keqi Coal-to-Natural Gas Project – has an estimated total investment of 25.71 billion yuan. It is funded jointly by Datang Energy Chemical Co., Ltd., Beijing Gas Group Co., Ltd. under Beikong, China Datang Corporation, and Tianjin Jineng Investment Company, with investment shares of 51%, 34%, 10%, and 5% respectively. On December 18, 2013, a series of units in the project were successfully put into operation and officially integrated into the pipeline network, delivering coal-derived natural gas products to the CNPC Beijing section of the natural gas pipeline. However, about a month after it was put into operation and connected to the grid, it had to stop operating for maintenance due to a malfunction in the gasification equipment. At the same time, the investment amount for this project keeps rising; according to people inside the project, the total investment may have already exceeded 32 billion yuan. On July 7, 2014, Datang Power Generation and China State Asset Management Corporation Limited signed a Framework Agreement on the restructuring of coal chemical and related projects, aiming to sell projects such as Datang Dolun Coal Chemical, Datang Keqi Coal-to-Gas, and Datang Fuxin Coal-to-Gas, along with their associated supporting and related projects. In May 2015, the coal-to-gas project in Zhungeer Banner, Inner Mongolia, operated by Beikong, was submitted for environmental impact assessment. **The Ministry of Environmental Protection announced that it has accepted the environmental impact assessment documents for the 4 billion Nm3/a coal-to-natural gas project developed by Inner Mongolia Beikong Jingtai Energy Development Co., Ltd.
With Beijing Gas holding such a large share, it’s still difficult to sell the product gas! Hehe
It is an internal transfer; Beijing Gas and Beikong Energy are both subsidiaries of Beikong Group
This is really good; gradually moving away from the control of Sinopec and CNPC – in the long run, it’s definitely a viable option. . . .
Inspired by the purified area, we are now collecting materials related to gasification training, including process technology courseware, manuals, as well as information on key equipment and instruments. A generous reward will be given for uploads. At the same time, those that cannot be uploaded can be sent to my email
Inspired by the purified area, we are now collecting materials related to gasification training, including process technology courseware, manuals, as well as information on key equipment and instruments. A generous reward will be given for uploads. At the same time, those that cannot be uploaded can be sent to my email
Inspired by the purified area, we are now collecting materials related to gasification training, including process technology courseware, manuals, as well as information on key equipment and instruments. A generous reward will be given for uploads. At the same time, those that cannot be uploaded can be sent to my email