On September 20th, the Shanxi Provincial Economic Commission learned that Shanxi will establish a coal chemical industry investment fund with the focus on large-scale coal mining, coal conversion, coal chemical, coal bed methane, and coke oven gas development and utilization.
It is understood that the basic concept of establishing a coal chemical industry investment fund in Shanxi is that the first phase will have a scale of 10 billion yuan. The fund shareholders will consist of institutional investors with long-term equity capabilities and high enthusiasm for investing in the coal chemical industry. The focus of the fund's investment is on coal processing and transformation projects such as the construction of large coal mines, coal conversion, coal chemical industry, coalbed methane and coke oven gas development and utilization.
The key projects include: First, to ensure the nation’s energy security, ease the contradiction between oil shortages, achieve energy diversity, and develop coal-based synthetic oil, to form a one-million-ton coal-to-oil production capacity at the end of the “11th Five-Year Plan†period; It is the use of coke to produce more than 10 billion cubic meters of coke oven gas annually, forming an annual output of 2 million tons of methanol and 2 million tons of dimethyl ether; Third, the use of ash fusion gasification technology to develop high-sulfur, high-ash and low-quality coal Produce 10 million tons of fertilizer and so on.
At present, Shanxi Province has reported to the State Council on this, and it is recommended that the state increase its investment in coal chemical industry during the “11th Five-Year Plan†period, and place some major coal chemical projects in a coal-rich region such as Shanxi and incorporate it into the country. The "Eleventh Five-Year Plan" for industrial development supports policy and funding.
It is understood that Shanxi Province was once the country’s energy heavy chemical industry base. However, due to weak foundations, backward mechanisms, and heavy burdens, in the past decade or so, the gap between the speed of development of Shanxi's chemical industry and chemical giants has continuously widened. The rankings in the country from the "Ninth Five-Year Plan" period are 17, 18 Retired 21st. At present, the chemical output value of the province is less than one-tenth of that of the provincial chemical industry, such as Shandong and Jiangsu.
It is understood that the basic concept of establishing a coal chemical industry investment fund in Shanxi is that the first phase will have a scale of 10 billion yuan. The fund shareholders will consist of institutional investors with long-term equity capabilities and high enthusiasm for investing in the coal chemical industry. The focus of the fund's investment is on coal processing and transformation projects such as the construction of large coal mines, coal conversion, coal chemical industry, coalbed methane and coke oven gas development and utilization.
The key projects include: First, to ensure the nation’s energy security, ease the contradiction between oil shortages, achieve energy diversity, and develop coal-based synthetic oil, to form a one-million-ton coal-to-oil production capacity at the end of the “11th Five-Year Plan†period; It is the use of coke to produce more than 10 billion cubic meters of coke oven gas annually, forming an annual output of 2 million tons of methanol and 2 million tons of dimethyl ether; Third, the use of ash fusion gasification technology to develop high-sulfur, high-ash and low-quality coal Produce 10 million tons of fertilizer and so on.
At present, Shanxi Province has reported to the State Council on this, and it is recommended that the state increase its investment in coal chemical industry during the “11th Five-Year Plan†period, and place some major coal chemical projects in a coal-rich region such as Shanxi and incorporate it into the country. The "Eleventh Five-Year Plan" for industrial development supports policy and funding.
It is understood that Shanxi Province was once the country’s energy heavy chemical industry base. However, due to weak foundations, backward mechanisms, and heavy burdens, in the past decade or so, the gap between the speed of development of Shanxi's chemical industry and chemical giants has continuously widened. The rankings in the country from the "Ninth Five-Year Plan" period are 17, 18 Retired 21st. At present, the chemical output value of the province is less than one-tenth of that of the provincial chemical industry, such as Shandong and Jiangsu.
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