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According to the announcement released by Guodian, the company's holding subsidiary Chifeng Boyuan Technology Co., Ltd. plans to invest approximately 531 million yuan to build a 150,000 tons/year coal tar lightening project. In the normal years after the completion of production, the company expects annual sales income of approximately 690 million yuan and annual net profit of 56 million yuan.
According to the announcement, the company's investment in coal tar lightening project uses coal tar, a by-product of coal gas production projects, as a raw material and uses a hydrofinishing process to produce low sulfur light coal tar 1# and light coal tar 2 # and other clean energy products for the production of gasoline and diesel. The investment project is a phase I project that is planned to be completed in 2014. The general plan is divided into three phases. The designed total annual coal tar processing volume is 450,000 tons. Whether the later phase of the project is started will be comprehensively assessed and various factors will be considered separately. After the project is put into production, it can meet the demand gap of refined oil in eastern Inner Mongolia to some extent.
The above coal gas projects use Inner Mongolia's abundant lignite resources to produce coal-based natural gas, which is mainly supplied to Beijing, taking into account the demand for gas along the line. The project is designed to produce 4 billion cubic meters of natural gas and 450,000 tons of by-product coal tar, which will be constructed in three phases. The first phase of the project is expected to officially begin operation and gas supply to Beijing after the completion of the natural gas pipeline in 2013. The second phase of the project has started construction.
The company stated that after careful measurement, the project's total investment rate of return is estimated to be 15.29% (after reducing equipment VAT), and it will be built in the normal year after production. The annual sales revenue will be about 690 million yuan, and the annual net profit will be 56 million yuan. it is good.