Shenhua Ningmei Group and SABIC’s joint venture for a 700,000-ton/year coal-based olefins and new materials demonstration project

2016-09-21View Original

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Shenhua Ningxia Coal Group and SABIC form a joint venture for a 700,000-ton/year coal-based olefins and new materials demonstration project 2016-09-19 Source: Ningxia State-owned Assets Supervision Commission. Recently, Shenhua Ningxia Coal Group and SABIC signed an agreement to establish a joint venture for such a demonstration project. Using coal as raw material, this project plans to employ dry coal powder gasification technology to produce products such as low-density polyethylene and ultra-high molecular weight polyethylene. The annual coal consumption will be 5.35 million tons, of which 3.4 million tons will be used as raw material coal and 1.95 million tons as fuel coal. The estimated investment is 22.9 billion yuan.

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Shenhua Ningmei Group and SABIC’s joint venture for a 700,000-ton/year coal-based olefins and new materials demonstration project

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