China Drying Network Luliang Municipal Government of Shanxi Province reported on July 29th that Shanxi Meijin Group and Hubei Yihua Group have joined forces to invest 11 billion yuan in Luliang to build a large-scale coal chemical transformation project for the local economy. Development injects "transformation" vitality.
Shanxi Meijin Group is a large-scale non-public-owned enterprise focusing on coal coking and diversified development. The business covers 18 business areas such as coal mining, coal washing, coking, and coal chemical. Hubei Yihua Group is one of the ten most influential companies in the petrochemical industry in China. It is understood that the two sides jointly funded the establishment of Shanxi Yihua Meijin Chemical Co., Ltd. (hereinafter referred to as Yihua Meijin), of which Party A accounted for 51% of the shares, and Party B accounted for 49% of the shares. After the establishment of Yihua Meijin, the three major industrial chains of the coke oven gas chemical industry chain, the coal resource industry chain, and the benzene hydrogenation industry chain will be established in five years. The concrete implementation will be: coke oven gas production of ammonia, urea, and LNG projects. The 2052 project, a total of 11 billion yuan in investment, consists of ammonia nitrogen project, fly ash brick project, hydrogen peroxide project, cyclohexanol project, adipic acid project, cyclohexanone project, and caprolactam project. After the completion of all projects, it will achieve sales revenue of 8.14 billion yuan, profits and taxes of 3.16 billion yuan, and solve 8,000 employment problems at the same time. The cogeneration complex utilization of coke oven gas is the first large-scale chemical project that was jointly developed by Mejin Group and Yihua Group. The project uses Hubei Yihua's patented technology to produce LNG, ammonia, and urea from coke oven gas produced by Meijin Group's subsidiary, Meijin Coal Chemicals. The project covers an area of ​​294 acres and a total investment of 978 million yuan. It was started in June 2013 and is expected to be completed and put into production by the end of 2014. After the completion of the project, it will form a product scale of 134 million Nm3/year LNG, 300,000 tons/year urea, and 20,000 tons/year commercial liquid ammonia. It will realize an annual sales income of 1.049 billion yuan, a tax of 85.23 million yuan, and more than 500 new jobs. Posts, reduce CO2 emissions by 500,000 tons per year.
The implementation of this project not only solved the problem of the utilization of coke oven gas in the production of coke in the Meijin Group, completed the localization of resources and deep processing and reuse, but also promoted the company to a new level in the realization of product innovation and industrial transformation, with significant Economic and social benefits are also milestones in the development of the chemical industry. Gao Weidong, secretary of the Luliang Municipal Party Committee, said that Luliang is a resource-rich region and has great potential for development. The cooperation between Meijin and Yihua will promote the transformation and upgrading of the Luliang industry and inject new vitality into the economic transformation and development of Luliang.
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