Zhongtai Chemical issued an announcement on the evening of the 17th, saying that in order to promote the comprehensive utilization of resources in the existing coal chemical industry, further improve the level of coal classification and quality utilization, enhance the value chain, and extend the industrial chain, it was agreed that the holding subsidiary Xinjiang Zhongtai New Materials Co., Ltd. The company plans and builds an upgrade demonstration project for methanol production through resource comprehensive utilization in Tongxin Industrial Park, Alehui Town, Toksun County, Turpan City.

Zhongtai Chemical said that with the recent rapid development of China's BDO industry, it will further support the development of the methanol market. After the project is completed, it will ensure a stable supply of raw materials for the BDO industry, the main product of the company's subsidiaries, reduce costs and increase efficiency, and achieve mutual support among industries within the company. At the same time, the BDO projects built and under construction in Xinjiang also have demand for purchased methanol, creating conditions for the development of the methanol market. nbsp;

basic information

Project name: Xinjiang Zhongtai New Materials Co., Ltd. Resource Comprehensive Utilization Methanol Upgrade Demonstration Project

Construction site: Tongxin Industrial Park, Alehui Town, Toksun County, Turpan City, Xinjiang

Construction unit: Xinjiang Zhongtai New Materials Co., Ltd.

Construction content and scale: Construction of 1 million tons/year of methanol, 18,900 tons/year of sulfuric acid, construction of air separation units, gasification units, low-temperature methanol washing syngas purification units, methanol synthesis units and supporting units. Investment scale: The total planned investment is 599,053 million yuan (ultimately based on the actual investment in project construction).

Project construction period: It is expected to be completed and put into operation before the end of 2024

At present, the project has received approval from the Development and Reform Commission of Xinjiang Uygur Autonomous Region, approval from the Department of Ecology and Environment of Xinjiang Uygur Autonomous Region on the Environmental Impact Report, opinions from the Development and Reform Commission of Xinjiang Uygur Autonomous Region on energy conservation review, as well as water resources demonstration, occupational health pre-evaluation reply, real estate title certificate (special debt part), construction land planning permit, construction project planning permit, safety condition review opinions, etc.