Jiangshan Chemical Company signed the “Investment Framework Agreement†with Ordos City People’s Government and Wushenqi People’s Government to invest 5 billion yuan in the development of coal chemical industry at the Wushenzhao Industrial Park in Wushenqi, Ordos.
The company plans to build an annual output of 1 million tons of coal-to-methanol, 100,000 tons of synthetic ammonia, 230,000 tons of methylamine, 100MW coal gangue cogeneration devices, 300,000 tons of DMF and 50,000 tons of choline chloride and methylamine derivatives. It is estimated that the sales revenue will exceed 6 billion yuan.
The Ordos People's Government and the Wushenqi People's Government will provide protection for the company from the project land, electricity, water sources, environmental capacity, and coal resources. Among them, the Ordos People's Government and Wushenqi People's Government agreed to allocate 600 million tons of coal resources for the company's project. After the completion of the project, the company can enjoy the country's western development and preferential policies for the autonomous region and Erdos City.
The local government will link the sales revenue of the company's investment in construction of coal chemical and its downstream products in Wushenqi, Ordos, with the allocation of coal resources. If it fails to reach an annual sales income of RMB 6 billion, the allocated coal resources will be deducted in proportion by the People's Government of Ordos. The company's project will start construction within 12 months.
The Ordos People's Government and the Wushenqi People's Government stated that it will coordinate the autonomous regional government to provide the company with coal resources at a preferential price as long as it does not violate the relevant national charging standards.
The company plans to build an annual output of 1 million tons of coal-to-methanol, 100,000 tons of synthetic ammonia, 230,000 tons of methylamine, 100MW coal gangue cogeneration devices, 300,000 tons of DMF and 50,000 tons of choline chloride and methylamine derivatives. It is estimated that the sales revenue will exceed 6 billion yuan.
The Ordos People's Government and the Wushenqi People's Government will provide protection for the company from the project land, electricity, water sources, environmental capacity, and coal resources. Among them, the Ordos People's Government and Wushenqi People's Government agreed to allocate 600 million tons of coal resources for the company's project. After the completion of the project, the company can enjoy the country's western development and preferential policies for the autonomous region and Erdos City.
The local government will link the sales revenue of the company's investment in construction of coal chemical and its downstream products in Wushenqi, Ordos, with the allocation of coal resources. If it fails to reach an annual sales income of RMB 6 billion, the allocated coal resources will be deducted in proportion by the People's Government of Ordos. The company's project will start construction within 12 months.
The Ordos People's Government and the Wushenqi People's Government stated that it will coordinate the autonomous regional government to provide the company with coal resources at a preferential price as long as it does not violate the relevant national charging standards.
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