On January 6, Urumqi People's Government, Huadian Coal Group Co., Ltd. and Inner Mongolia Yitai Group Co., Ltd. signed a "cooperation framework agreement", Inner Mongolia Yitai Group will invest 70 billion yuan, to build an annual output of 540 in Ganquanbao Industrial Zone, Urumqi. Million tons of coal-based multi-product integrated projects.
According to reports. The investment in fixed assets in the total investment of the project exceeds RMB 55 billion, and the production of diesel oil is mainly based on naphtha and liquefied petroleum gas. The 1.8 million tons production line in the first phase of the project is expected to be completed and put into operation in 2015. The two production lines in Phase II are expected to be completed in 2017. It is estimated that after the project is put into production, local taxes and fees will be paid for 10 billion yuan each year.
The cooperation between Huadian Coal Group and Yitai Group to build a coal-based multi-product integrated project will effectively enhance the development of energy resources in Urumqi and the development level of coal-fired coal chemical industry. Yitai Group is a large private enterprise focusing on coal production and coal chemical products. It is ranked 18th among the top 100 coal enterprises in China.
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