Yulin, Shaanxi – State-owned coal chemical firm Shaanxi Yulin Energy Group broke ground on a 400 kT/year ethylene glycol (EG) project on 8 January.
Located at the city’s Qingshui Industrial Park, with 1.1 km2 area, the project has CNY 5.8bn ($856m) investment earmarked. It is set to come on stream in May 2021, according to the company’s website.
Shaaxi expects CNY 607m profit on CNY 2.9bn sales when the plant is commercial.
The project is the first phase of Yulin Energy’s 1,200 kT/year EG project. Later phases are still confidential.
The new plant is designed by China Tianchen Engineering, Hualu Engineering & Technology and Sedin Engineering, three subsidiaries of China National Chemical Engineering Co.
Formed in 2012, Yulin Energy has 6,000 employees. Total assets at the company were CNY 30.1bn at the end of 2017.
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