Donghua Technology and Shaanxi Coal jointly build the Gansu coal chemical project!

Latest News: On August 20, 2022, Donghua Technology issued an announcement on increasing its investment in the joint-stock company Shaanxi Coal Group Yulin Chemical Yudong Technology Co., Ltd.

As reviewed and approved by the ninth meeting of the seventh board of directors of Donghua Engineering Technology Co., Ltd. (hereinafter referred to as “the company” and “Donghua Technology”), the company invested 50 million yuan to cooperate with Shaanxi Coal Group Yulin Chemical Co., Ltd. (hereinafter referred to as “Yulin”). Chemical”), and jointly established Shaanxi Coal Group Yulin Chemical Yudong Technology Co., Ltd. (hereinafter referred to as “Yudong Technology”).

On August 19, 2022, the twenty-fifth meeting of the seventh session of the board of directors of the company reviewed and approved the “Regarding the increase in the liability of Shaanxi Coal Group Yulin Chemical Yudong Technology Co., Ltd. Company Investment Proposal”, agreeing to increase the capital of Yudong Technology.

At present, Yudong Science and Technology plans to cooperate with Yulin Chemical to invest in the construction of “Shaanxi Coal Group Yulin Chemical Yumen New Energy Degradable Material Carbon Neutral Industrial Park Project”.

According to the needs of project construction funds, the company and Yulin Chemical have negotiated and reached the Supplementary Agreement to the Shareholder Investment Agreement of Yudong Technology, and plan to increase the investment in Yudong Technology according to the equity ratio, that is, the registered capital of Yudong Technology will increase from 250 million Yuan increased to 750 million yuan, of which the company needs to increase capital by 100 million yuan.

Project Information

The Yumen New Energy Degradable Material Carbon Neutral Industrial Park project is a park-level source-grid-load-storage integration project. Relying on the rich local mineral resources and wind and solar power base resources in Yumen, it will build photovoltaic power generation, wind power and other new energy projects and bio-energy Degradable materials and chemical new material industry projects related to new energy can truly realize low-carbon production from raw materials and power, and promote the coupled development of new energy and modern chemical industries.

The project is divided into two sub-projects: chemical engineering and new energy.

Subproject 1: Chemical Project

Project overview: The chemical sub-project uses lime, coke and coke oven gas as the main raw materials to produce BDO, and uses BDO as the raw material to prepare PBAT, PBS and other degradable materials and PTMEG, PBT and other high-end chemical materials.

Project scale: 360,000 tons/year of BDO; 300,000 tons/year of PBAT, 100,000 tons/year of PBT, 60,000 tons/year of PBS, 46,000 tons/year of PTMEG

Construction site: Dongjian Chemical Industrial Park, Yumen City

Construction investment: 16.15 billion yuan

Subproject 2: New Energy Project

Project overview: The new energy sub-project includes 780MW photovoltaic power generation and 780MW wind power project, as well as supporting 160MW electrochemical energy storage, molten salt heat storage, etc.

Construction site: Yumen City Huahai Photoelectric Base, Hongliuquan Wind and Storage Integrated Energy Demonstration Base, etc.

Installed capacity: According to the simulation calculation, the installed capacity of the project is 1560MW, the actual power generation is 3.558 billion kWh, and the proportion of new energy electricity in the power consumption of the load-storage project in the source network is 90.47%.

Construction investment: 10.157 billion yuan

Project Review

On July 26, 2022, the Yumen New Energy Degradable Material Carbon Neutral Industrial Park project of Shaanxi Coal Group Gansu Investment Co., Ltd. was announced for the first time.

On July 22, 2022, the Jiuquan Municipal Government and Shaanxi Coal Group Corporation held an investment contract signing ceremony. This time, Shaanxi Coal Group has invested and planned three projects in Jiuquan, including the new energy degradable material carbon neutral industrial park project.

On May 12, 2022, Song Shijie, assistant to the general manager of Shaanxi Coal Group, director of the Strategic Planning Committee, deputy secretary of the Yulin Chemical Party Committee, and chairman of the board, and his party joined the team of Jiuquan City to ensure the implementation of major projects of Shaanxi Coal Group, deputy team leader and secretary of the Yumen Municipal Party Committee Wang Chao presided over the investigation and negotiation meeting of Yumen, a major project in Jiuquan of Shaanxi Coal Group.

On February 17, 2022, Yang Zhaoqian, Secretary of the Party Committee and Chairman of Shaanxi Coal Group, led a team to visit Gansu Provincial Party Committee Deputy Secretary and Governor on matters such as investment in Gansu Jiuquan New Energy Degradable Materials Carbon Neutral Industrial Park and the construction of wind and solar power generation bases. Ren Zhenhe and other leaders.

On September 26, 2021, the Yumen Municipal Government of Jiuquan City, Gansu Province and Shaanxi Coal Industry Chemical Group signed a project investment framework agreement on Shaanxi Coal Yumen New Energy and Degradable Materials Project.

Shaanxi Coal Group will cooperate with Jiuquan in the fields of energy chemical industry, coal chemical industry, degradable materials and new materials, and will invest in the construction of Shaanxi Coal Yumen New Energy and Degradable Materials Project in Yumen East Building Materials Chemical Industrial Park, Yumen City. The total investment is 35.981 billion yuan, and the construction content includes chemical industry, photovoltaic, wind power and supporting energy storage, etc., covering a total area of ​​about 112,000 mu.