First talk about Jinhui Zhaofeng Energy, which holds 36% of the shares.
1: In 2021, Jinhui Zhaofeng plans to invest 21 billion yuan to complete the following projects:
1, 1 million tons of PVC
2, supporting construction of 2.6 million tons/year coking, 2 million tons of cement, 3.6 million tons/year coal preparation plant, 4*350MW power plant, 38,000NM3/h coke oven gas-made liquefied natural gas , 1.5 million tons of calcium carbide, 800,000 tons of caustic soda.
2: In July 2022, the projects that have been completed in the above projects include:
1.3 million tons of coking/year, 1.8 million tons of coal washing, 1 million tons of cement, 2*350MW self-provided power plant, 88,000 tons of liquefied natural gas, and 750,000 tons of calcium carbide.
3. The 300,000-ton BDO project with a total of 5.1 billion yuan was announced in June 2022. See the figure below for details:
This project is expected to be completed and put into production in October 2024 and will see benefits in 2025.
4. Judging from the above planning and implementation projects, 1 million tons of PVC and 800,000 tons of caustic soda have not yet been started due to financial reasons or other reasons. Coking, coal washing, cement, self-producing electricity, calcium carbide, and liquefied natural gas preliminary design, half of the capacity has not yet started construction. The projects that are preferred to build by
are the 300,000 tons of BDO project, 720,000 tons of methanol formaldehyde project, and 28,000NM3/h natural gas hydrogen production project.
We can predict that the projects that are prioritized for construction must have made a comparison of the advantages and disadvantages of Zhongtai Chemical , but the above-mentioned projects will continue to invest in the future to generate industrial synergy and better economic benefits. Next, we will analyze the 1 million tons methanol project of China-Thailand Chemical New Materials.