It is understood that when answering investors’ questions about the 1.2 million tons coal-to-ethylene glycol project of Anhui Youshun New Materials Co., Ltd., Tongkun said that due to comprehensive The reason is that Tongkun Holdings will no longer implement the 1.2 million tons of coal-to-ethylene glycol project at this stage.
Tongkun Holdings took into account the need to further enhance the company’s comprehensive strength, integrate relevant resources, and achieve strategic layout and subsequent development, and decided to acquire the shares held by Tongkun Holdings by convening a board meeting. 100% equity of Anhui Youshun New Materials Co., Ltd.
Anhui Youshun New Materials Co., Ltd. has an annual output of 1.2 million tons of ethylene glycol project Settled in Longqiao Industrial Park in Lujiang County, the total investment is 11.4 billion yuan, the total land area is about 1,750 acres, and the construction is divided into two phases. The project adopts the SEG technology of Donghua Technology and High-Chemistry Alliance, and has optimized and innovated key equipment. Among them, Shanghai Baosteel Gas Co., Ltd. is building an ethylene glycol supporting syngas project with an annual output of 1.2 million tons. Using coal as raw material, it will form a production scale with an annual output of 2.9 billion standard cubic meters of syngas; Zhejiang Tongkun Holding Group is building an annual output of 1.2 million standard cubic meters of syngas. tons of synthesis gas to ethylene glycol project, using the synthesis gas produced by Shanghai Baosteel Gas as raw material to prepare ethylene glycol products.
Project history:
On April 7, 2018, Zhejiang Tongkun Group and Shanghai Baosteel Gas invested in Lujiang to produce 1.2 million tons of coal-to-B The glycol project signing ceremony was held.
On December 5, 2019, the 1.2 million tons of ethylene glycol and supporting syngas project jointly invested by Zhejiang Tongkun Holding Group and Shanghai Baosteel Gas Co., Ltd. opened in Longqiao, Lujiang A groundbreaking ceremony was held in the industrial park.
On February 24, 2020, Anhui Youshun New Materials Co., Ltd. and Donghua Technology signed a contract in Lujiang to produce 1.2 million tons of syngas to produce ethylene glycol annually. Engineering design contract for the project (the first phase of the project with an annual output of 600,000 tons of ethylene glycol).
Previously, coal chemical projects have been suspended or temporarily suspended! On July 1, Shaanxi Coal Group Yulin Chemical Co., Ltd. announced a temporary suspension of work. Shaanxi Coal Group Yulin Chemical Co., Ltd.’s 15 million tons/year coal quality clean and efficient conversion demonstration project is located in Qingshui Coal Chemical Industrial Park, Yushen Industrial Park, Yulin. The project will be constructed in two phases and four phases, and is planned to be completed by the end of 2025. Complete all construction content.
The first phase of the project is divided into two phases:
The first phase of the project is to build a 1.8 million tons/year ethylene glycol project, covering an area of Covering an area of about 4.4 million square meters, the total project investment is estimated to be about 26.5 billion yuan. It is also the largest coal-to-ethylene glycol device currently under construction in the world and is scheduled to be completed in 2021.
The first and second phases of the construction of 5.6 million tons/year methanol, 2 million tons/year olefins and deep processing projects are planned to be completed by the end of 2023.
The specific reasons for the suspension of the two projects have not yet been announced! However, ASIACHEM Consulting speculates that due to the control of double-high projects, it is necessary to supplement the dual-carbon solution!
China strives to reach carbon peak before 2030 and achieve carbon neutrality before 2060! In February 2021, the State Council issued guidance on accelerating the establishment and improvement of a green, low-carbon and circular development economic system. On May 31, the Ministry of Ecology and Environment issued “Twelve Guidelines” to strengthen source prevention and control of “double high” projects!
In this context, the approval and supervision of new projects with “high energy consumption and high emissions” have become more stringent!
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