Deal signed for 1 million-ton kerosene co-refining project in Qingyang, Gansu
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This post was last edited by liaifeng on 2018-9-1 at 10:40. On the morning of July 8, 2016, the signing ceremony for key projects of the 22nd Lanzhou Investment Promotion Fair was held in Lanzhou. Among them, the key energy project in Xifeng District of Qingyang City – the million-ton coal-to-oil and coal chemical industry project – was successfully contracted, with a contract value of 8 billion yuan. The project was funded by **Granfield Financing Co., Ltd., which invested 8 billion yuan to build a coal-to-oil and coal chemical complex with an annual production capacity of 1 million tons in Xifeng District. Has anyone heard of this project? And what is the background of this **company?
In recent years, Qingyang City has, in line with the concept of integrated comprehensive development of coal, electricity, chemicals, metallurgy, and materials, planned for the development of deep-processing industries based on coal, such as coal-to-natural gas production, co-processing of coal and oil, production of olefins from coal and processing of downstream products, upgrading of low-grade coal, hydrogenation of tar to produce special oils, and coal-to-urea production. Large-scale exploration and development of coal resources were initiated, resulting in the identification of coal reserves amounting to 21.5 billion tons. The coal is of low-ash, low-sulfur, and high-calorific value; it belongs to the category of weakly caking and non-caking coal, making it an excellent coal source for use in power generation and the chemical industry.
Among them, the key energy project in Xifeng District of Qingyang City – the million-ton coal-to-oil and coal chemical industry project – was successfully contracted, with a contract value of 8 billion yuan. The project was funded by **Granfield Financing Co., Ltd., which invested 8 billion yuan to build a coal-to-oil and coal chemical complex with an annual production capacity of 1 million tons in Xifeng District.
Has anyone heard of this project? Which company’s kerosene blending technology is being used? Is this **company reliable? Is there a high chance that the project will actually start construction?
No information on this **Granfield Financing Co., Ltd.** can be found on Baidu: L
No information on this **Granfield Financing Co., Ltd.** can be found on Baidu: L
The area with the best ecological environment in the whole province is finally about to be polluted. Have you seen Inner Mongolia’s coal chemical industry bases? The land on both sides of the road is covered in black ash! Coal chemical industries are definitely highly polluting projects; the groundwater in Qingyang has already been affected by oil extraction. With a few more large-scale heavy industry projects added, can this fragile water supply still withstand the strain? Approach these high-end projects with a calm mindset.
As for the projects in my hometown, the 3 million-ton capacity of Qingyang Petrochemical is already enough of a burden; now there’s also coal chemical industry – when will the pollution stop? Without projects, the economy doesn’t develop; while carrying out projects causes too much pollution. Well, I can only hope that there will be less pollution once it’s built.
In the coal chemical industry, coal needs to be sourced locally; therefore, plants are built where coal is abundant. Nowadays, a large part of the cost associated with coal is related to transportation expenses.
1 million tons of coal-to-oil production in Qingyang – does anyone know the specific details? ? ? ? ? ?
In the past, many coal chemical projects claimed to require investments of hundreds of billions, but how much actual investment was made? Now the economy is still making such claims; haha