9 November 2017
is an extra-large State-Owned-Enterprise (SOE)
mainly engaged in
coal mining & sales, coal chemical industry,
power generation & aluminum production
and machinery manufacturing.
The mining business commenced development in 1966
and Yanzhou Coal Mining Bureau was established in 1976.
It was restructured into a sole State-owned company in 1996,
and further developed into
Yankuang Group Co., Ltd. in 1999.
Now Yankuang Group is the largest coal exporter & producer
integrated with coal further-processing in Eastern China,
and one of the three chemical industry bases in Shandong Province.
DETAILS
Today, in the presence of
Donald J. Trump,
President of the United States of America, and
Xi Jinping,
President of the People’s Republic of China,
Seifi Ghasemi, Air Products’ (NYSE:APD)
Chairman, President and Chief Executive Officer, and
Li Xiyong, Chairman of Yankuang Group Co., Ltd.,
signed an agreement
for a $3.5 billion coal-to-syngas production facility
to be built in Yulin City, Shaanxi Province, China.
The agreement was signed in the Great Hall of the People
as part of the Trade Mission to China
led by the U.S. Department of Commerce.
Under the agreement,
Air Products and Shaanxi Future Energy Group Co., Ltd. (“SFEC”),
a subsidiary of Yankuang Group, intend to form
an Air Products majority-controlled joint venture company
which would build, own and operate
an air separation, gasification and syngas clean-up system
to supply the SFEC site.
The air separation units are expected to produce
approximately 40,000 tons-per-day (TPD) of oxygen
to support the production of about 2.5 million nm3/hour of syngas.
SFEC would supply coal, steam and power and receive syngas
under a long-term, onsite contract.
Air Products currently supplies SFEC’s Phase 1 project in Yulin
with 12,000 TPD of oxygen.
The addition of Phase 2 would make this complex
one of the largest coal to fuel and chemicals facilities in China,
with SFEC Phase 2 producing
four million tons-per-year of liquid fuels and downstream chemicals.
The parties are committed to finalizing the agreements
as soon as possible, with the overall project expected onstream in 2021.
READ MORE
Contact Air Products/Information
-
- Press Contact
- Katie McDonald
- 610-481-3673
-
- Press Contact
- Jessica Cheng
- +852-2863-0585
-
- Investor Contact
- Simon Moore
- (610) 481-7461
WWW.CHEMWINFO.COM BY KHUN PHICHAI
