China Risun Group Limited (“China Risun”, or the “Group”, stock code: 1907.HK), a leading global integrated coke, coking chemicals and refined chemicals producer and supplier and relevant operation management services provider in China, has announced that had a 300,000-tonne/year carbon-based new material project in its Hohhot Production Base starting production on 22 October, putting out qualified products such as [triphenyl fraction, heavy washing oil, anthracene oil, and modified asphalt]. It also expects to have an additional coal chemical deep processing industrial chain producing qualified industrial naphthalene products starting by the end of the month, giving it a complete production setup.
The project, which is based on the plan submitted to the Hohhot municipal government, Inner Mongolia Autonomous Region, is one of the projects of Risun’s 3.6-million-tonne/year coking chemical facility in the Hohhot Qingshuihe Economic Development Zone. Its purpose is to help the Group expand refined chemical business and strengthen the integrated development of its entire coking chemical industrial chain. Its completion essentially means a multi-industry with multi-functional supporting facilities setup has been initially achieved. Commanding an investment of RMB2 billion, construction of the project on a 76,894.93 sq.m. site started in September 2023 and was divided into several sub-projects including coal tar deep processing, carbon black production, industrial naphthalene extraction, and [refined phenol] preparation, [carbazole synthesis and pre-baked anode block].
The project kicking off production marks the success of the Group in extending further the coking industrial chain, forming downstream coal tar --mesophase pitch --negative electrode material, [asphalt]-based carbon fiber-carbon fiber composite material and other coal chemical industrial chains at its Huhhot Production Base. It plays a leading role in guiding the coking industry towards high-end, material-based, and diversified comprehensive clean utilization. The project uses raw materials from the 3.6-million-tonne coking and hydrogen production integrated utilization project at the Huhhot Production Base and coal tar from surrounding areas to carry out deep processing of coal tar to produce phenol oil, industrial naphthalene, [wash oil], anthracene oil and modified asphalt. Those chemicals are raw materials for producing refined and high value-added products such as dyes, pesticides, medicines, resins, [additives] and plasticizers widely used in the agriculture, military, aerospace and medical industries, also in daily use products. In addition, in constructing the project, advanced environmental protection technologies and facilities were adopted to make sure the project is able to control and recycle the waste water, waste gas and waste residues generated in the production process to ensure compliance with discharge standards. With the help of an integrated wastewater zero-discharge system capable of advanced purification, zero wastewater discharge is achieved while simultaneously producing industrial sodium chloride and sodium sulfate. The project enables easy access to a range of chemical raw materials, including coke oven gas, coal tar, and high-pressure steam, within the facility. Consequently, it brings both economic and environmental benefits.
In the future, abiding by its investment framework agreement with the Huhhot government, the Group will progressively begin construction of projects including coking-related supporting facilities, comprehensive railway transportation, and three major centers (R&D center, operation management center, and administrative center). Drawing on its comprehensive strengths, it will create a first-class modern industrial demonstration project, develop a modern coal chemical industry and build a “coal-coking-chemical” closed-loop industrial chain system with strong horizontal and vertical reach in the Economic Development Zone, plus reinvent Risun’s Hohhot production base into a high-end, green, low-carbon and integrated industrial park leading in China and the world. Having an industrial base for modern chemicals and specialized new materials in Huhhot will enable the Group to better make nationwide deployment and implement its global development strategies.