According to the news from official website, Tongkun Co., Ltd., the coal chemical professional committee of China Petroleum and Chemical Industry Federation, decided to start the construction of 2× 600,000 tons/year natural gas ethylene glycol project of Xinjiang Zhongkun New Materials Co., Ltd. (hereinafter referred to as Zhongkun New Materials). The total investment of the project is about 9.94 billion yuan, and the first phase investment is 4.94 billion yuan. The construction period is 3 years, the first phase is two years, and the second phase is overlapping. The project construction site is located in Korla Petroleum and Petrochemical Industrial Park, Bazhou, Xinjiang. Proposed land acquisition 1.397 mu. After desulfurization and purification, natural gas will be converted into synthesis gas and carbon dioxide will be removed by NCMA. Then carbon monoxide and hydrogen are separated by cryogenic separation and pressure swing adsorption, and sent to dimethyl oxalate plant and ethylene glycol plant respectively to produce ethylene glycol. Finally, the annual production capacity of polyester-grade ethylene glycol is 1.2 million tons.
Tongkun Group generally refers to Tongkun Group Co., Ltd. Tongkun Group Co., Ltd. is a large-scale joint-stock listed enterprise mainly engaged in PTA, polyester and polyester fiber manufacturing, located in Tongxiang City, the hinterland of Hangjiahu Plain.