Yankuang's coal-to-liquid target in 2016 breaks one million tons

Li Xiyong, chairman of Yankuang Group, said in an interview during the "Two Sessions in Shandong" a few days ago that in 2016, Yankuang plans to focus on the construction of 10 projects including coal-to-liquid and the renovation and expansion of the Moraben coal mine in Australia.
Among them, the coal-to-liquid project was designated as the "top priority" by Yankuang.
Li Xiyong said that the coal-to-liquid project will be the leading industry of Yankuang in the future.
This year, Yankuang will continue to optimize the production process of the coal-to-liquid project to ensure the annual production of 1 million tons of oil products.
As a traditional coal mining company, Yankuang Group has been actively exploring ways of clean coal utilization and deep conversion since 2002.
In September last year, Shaanxi Future Energy Chemical Co.
, Ltd.
, a subsidiary of Yankuang Group, announced that China’s first million-ton-level indirect liquefaction of future energy coal with independent intellectual property rights will produce high-quality oil products that meet Euro V standards.
Leading the country in clean and efficient utilization is of great significance for ensuring national energy security and realizing the diversified development of national energy.
Last year, more than 95% of coal companies across the country suffered losses.
Yankuang Group has maintained steady development against the trend by adjusting its production structure, achieving a coal output of 108 million tons, an operating income of 102 billion yuan, and a total profit of 2.
066 billion yuan.
It is reported that in 2016, Yankuang will strive to achieve 130 million tons of coal output, 10 million tons of coal chemical products, operating income of 130 billion yuan, and profit of 2.
5 billion yuan.