Qinghai Damei Coal Industry Joint-stock Co., Ltd. was registered and established on January 27, 2012, with a registered capital of 1 billion yuan, funded by six shareholders: Western Mining Group Co., Ltd., Qinghai Shengxiong Mining Co., Ltd., Qinghai Coking Coal Industry (Group) Co., Ltd., Qinghai Aokai Coal Industry Development Group Co., Ltd., Qinghai Zhongdi Mineral Resources Development Co., Ltd., and Qinghai Muli Coal Industry Development Group Co., Ltd.
The total planned investment for the tail gas comprehensive utilization project of Qinghai Damei Company is approximately 40 billion yuan, implemented in two phases. The first phase has an investment of 12.7 billion yuan, covering coal preparation of 5 million tons/year, methanol-to-olefins of 1.8 million tons/year, polyethylene of 300,000 tons/year, polypropylene of 400,000 tons/year, and supporting utilities, auxiliary facilities, and necessary off-site works.
The tail gas comprehensive utilization project started full construction on May 10, 2012, and is planned to be completed and put into operation in September 2016. The company is committed to building a demonstration project of resource-saving and environment-friendly type.
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