On October 22nd, the Shanxi Coal Industry Group's coal-electricity, oil-recycling, recycling, and economic development industrial park, one million tons of oil projects, was laid at the foundation of the Zhoucun Industrial Park in the north of Jincheng City. After it is completed and put into production, annual sales income of 9.3 billion yuan and profits and taxes of 2.08 billion yuan can be realized.
The one-million-ton coal-to-oil project is the core project of the coal-powered oil recycling and recycling economy industrial park of the Jinmei Group, with a total investment of 3 billion yuan. The project is planned to produce 2 million tons of methanol-based clean fuel per year. Through the introduction of world-class advanced and mature technology, the project produces high-standard automotive clean fuels and high-quality gasoline blending agents. The by-products can be used to produce high-quality medical and aerospace materials.
The total investment of Shanxi Coal Group's coal-to-oil circulation industry is 42.8 billion yuan. Major construction projects involve the IGCC project, the joint production of low-quality coal and gas-gasification projects, methanol-oil projects, fine chemical projects, urea, and enol-capacity expansion projects. The comprehensive utilization of coal ash slag, building materials projects, special railway lines and special stations, and supporting the construction of an annual output of 10 million tons of mine projects. It is expected that the annual sales income will be 45 billion yuan and profits and taxes will be 10 billion yuan.
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