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Baofeng Energy (600989) issued an announcement on the evening of OctoberRecently, the second stage of the company's coke gasification to 600,000 tons/year olefin project - methanol to 600,000 tons/year polyolefin project has been complete.
All the devices have been successfully tested recently, producing qualified polypropylene and polyethylene products
Baofeng Energy said that after the latter part of the project is put into operation, the company will achieve a production capacity of 2 million tons/year of polyolefins (600,000 tons/year of polyethylene and 600,000 tons/year of polypropylene) , and the output will double on the existing bas.
The company will achieve a production capacity of 2 million tons/year of polyolefins (600,000 tons/year of polyethylene and 600,000 tons/year of polypropylene)
The announcement shows that the coke gasification 600,000 tons/year olefin project is the first investment project of Baofeng Energy to raise funds from the listing, with a total investment of 1279 billion yu.
The total investment amounted to 1279 billion yu.
At the same time, Baofeng Energy disclosed that as of now, the progress of the 2 million tons/year methanol project from coke gasification in the previous project has reached 80%, and it is expected to be put into operation before the end of 2019
Up to now, the progress of the 2 million tons/year methanol project from coke gasification in the previous project has reached 8
Baofeng Energy is planning the third phase of the proje.
After the third phase of the project is fully put into operation, the company is expected to have a production capacity of 3 million tons/year of polyolefin, 5 million tons/year of polyethylene, 5 million tons/year of polypropylene, and 10 million tons/year of methan.
Annual production capacity Baofeng Energy is planning three-phase projec.
After the third-phase projects are fully put into operation, the company is expected to have a production capacity of 3 million tons/year of polyolefin, 5 million tons/year of polyethylene, 5 million tons/year of polypropylene, and 1,000 tons/year of methan.
10,000 tons/year capacity
