Ningxia Baofeng 333 billion coal chemical project settled in Yinchuan
Yinchuan Daily reported that on April 27, Ningxia Baofeng Energy Group and Yinchuan Economic and Technological Development Zone signed a project to build Baofeng Fine Chemical Industry Park in the Hengshan Industrial Park of Yinchuan Development Zone.
The project plans to invest a total investment of 33.3 billion yuan and the construction period is 5 to 10 years. It mainly includes 2×350MW comprehensive utilization power plants, 1.8 million tons of coal-made methanol, 600,000 tons of methanol to olefins, and asphalt-based carbon fiber, as well as supporting sewage treatment. Plants, recycling water plants and other infrastructure. After the project is completed, it will realize the extension of the coal chemical industry chain, increase the added value of products, and maximize the use of resources and benefits. After the project is put into production, it is estimated that the total industrial output value will reach 26 billion yuan.
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