HomeProduct Complimentary download Yunnan Energy to invest in LNG project

Yunnan Energy to invest in LNG project

Keyword:
Publish time: 2nd March, 2015      Source: www.cnchemicals.com
Information collection and data processing:  CCM     For more information, please contact us
Yunnan Coal & Energy Co., Ltd., a firm producing and selling coke and coal-converted products, is set to start an LNG project to help clean the air and gain economic benefit, the company said in mid-February.The annual production capacity of the project is designed at 111.96 million Nm3 of liquefied natural gas (LNG), 114,000 tonnes of by-product steam and 7.57 million Nm3 of hydrogen-rich gas.With an investment of 411.59 million yuan, the company planned to finish the project in 1.5 years.Based on current price levels -- 4 yuan/m3 for LNG, 150 yuan/t for by-product steam and 0.462 yuan/m3 for hydrogen-rich gas, all VAT-included, the project is expected to bring Yunnan Coal & Energy a net profit of 47.43 million yuan and revenue of 424 million yuan per annum.