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Ningxia Baofeng Energy Group Co.
, Ltd.
announced on March 8 that it plans to invest its subsidiary, Inner Mongolia Baofeng Coal-based New Materials Co.
, Ltd.
The project area plans to build a 4×1 million tons/year coal-to-olefin demonstration project
.
The estimated investment of the project is about 67.
3 billion yuan, and the third-generation DMTO technology of Dalian Institute of Chemical Technology is adopted
.
The estimated investment of the project is about 67.
According to the announcement, the overall plan of the project has been approved by the Development and Reform Commission of the Inner Mongolia Autonomous Region and the Department of Industry and Information Technology, and strives to complete the construction by the end of 2023.
It is reported that the project has been listed as a key demonstration project in the four modern coal chemical industry demonstration areas planned and laid out in the "Modern Coal Chemical Industry Innovative Development Layout Plan" issued by the National Development and Reform Commission and the Ministry of Industry and Information Technology during the "Thirteenth Five-Year Plan" period, and has achieved The relevant pre-approval documents have been obtained, and the approval of the national ecological environment department is still being reported
.
