Lu'an Chemical Technology announced that the company plans to implement a self-developed and industrial demonstration project for 800 tonnes per day ultra-high temperature coal gasification technology suitable for Shanxi's high-ash, high-sulfur, high-metamorphic coal. The total investment will not exceed 58 million yuan, funded through self-raised capital, and is scheduled for completion before March 31, 2028. The project adopts a commissioned development approach, with the company signing a cooperation framework contract with Shanxi Yangmei Chemical Machinery Group, Yangmei Group Taiyuan Chemical New Materials, the Institute of Coal Chemistry of the Chinese Academy of Sciences, and Taiyuan University of Science and Technology. Among them, the related party Taiyuan Chemical New Materials is expected to receive task assignments worth no more than 22 million yuan. The project aims to advance the company's technological innovation and transformation, and enhance research and industrial demonstration capabilities for clean and efficient gasification of Shanxi's high-ash, high-sulfur, high-metamorphic coal.
Yangmei Chemical Co LtdCompany is a related party expected to receive task assignments worth up to 22 million yuan from the project, but the impact on its overall business is unclear.