China Drying Technology Co., Ltd. Jinneng Technology Co., Ltd. entered the environmental protection verification chain. As one of the five largest coal chemical companies in Shandong, the company’s fund-raising expansion is synchronizing with the current expansion of coal chemical projects.
The company is located in Dezhou City, Shandong Province. It is a comprehensive chemical enterprise mainly engaged in the production of coal chemical products and fine chemical products. After the failure of the GEM, it was discovered that the Hunan Jinneng Technology Co. Not related. The company’s investment in this listing is for 5×4 tons of high-performance carbon black projects and 500,000 tons/year of coal tar hydrotreating projects.
According to public information, Jinneng Technology has started in fine chemicals, and its developmental tentacles have extended to coal chemical industry in 2004, focusing on building a new road for the development of coal chemical industry circular economy. In 2011, the company achieved a sales revenue of 5.002 billion yuan, and achieved export earnings of 91.56 million US dollars. In September, it was shortlisted for the 2012 Top 500 Chemical Enterprises in China and ranked 142th.
It is worth noting that Jinneng Technology has made breakthroughs in the circular economy production mode of coal chemical industry. According to the company’s first energy use method, after more than 10 processes of “closed loopâ€, not only one raw coal has been totally produced into 24 kinds of products, but also zero generation of waste has been realized. In the most critical gas utilization, Jinneng Technology's production method can create 0.5 yuan more value per cubic meter than the traditional domestic practice, and can achieve an annual increase of 150 million yuan from two years ago.
Interestingly, Jinneng Technology is advancing the IPO process, which is quite suitable for the current “loose†pace of domestic coal chemical policies. The newspaper reported on Friday that according to informed sources, the “Coal Deep Processing Demonstration Project Plan†will be launched at the latest within the year. According to the situation learned by the newspaper, several demonstration projects have already been confirmed and approved by the National Development and Reform Commission. These include the 4 million tons of coal indirect liquefaction project of the Shenhua Ningxia Coal Group located in eastern Ningxia.
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