Ningxia Baofeng Energy Group Co., Ltd.
Summary
Revenue :
000,000 M USD
Finance :
000,000 M USD
Earning Cap :
000,000 M USD
Invest :
000,000 M USD
R & D :
0000 People
Growth :
00% AGR
DIGDAL CAP
Overview
| General Introduction | Ningxia Baofeng Energy Group Co., Ltd. is a leading enterprise in the efficient coal based new materials industry and a listed company on the A-share main board (stock code 600989). The company actively responds to the call for the national western development, deeply implements the national "dual carbon" strategy, adheres to the concept of green and sustainable development, and efficiently, integrates, and scales the construction of a modern energy and chemical circular economy industrial cluster. It uses coal to replace oil to produce high-end chemical products and achieve import substitution, Ensuring national energy security; Replacing fossil energy with new energy to help achieve the national goal of "carbon neutrality". The company has invested 72.7 billion yuan in the construction of a modern coal chemical industry cluster at the Ningdong National Energy and Chemical Base in Ningxia, covering an annual production capacity of 8.1 million tons of coal, 7 million tons of coke, 14.6 million tons of coal washing, 7.4 million tons of methanol, 3.46 million tons of olefins, and 1.35 million tons of fine chemical projects. Investing 67.3 billion yuan in the Ordos region of Inner Mongolia, we plan to build an annual production of 5 million tons of olefins project. The first phase investment is 47.8 billion yuan, and we will build an annual production of 3 million tons of olefins. Among them, 400000 tons of green olefins will rely on the integrated demonstration project of wind and solar hydrogen production, using "wind and solar complementary" to generate "green electricity" to produce green hydrogen, using green hydrogen to produce green methanol, and then using green methanol to produce green olefins. We are a large-scale green enterprise that replaces fossil energy with green hydrogen. The company's industrial scale, process technology, comprehensive costs, operational efficiency, and environmental indicators are all at a leading level in the industry. The upstream and downstream of the industrial chain are closely connected and interconnected, truly "eating dry and squeezing clean" coal, achieving clean and efficient utilization of resources, setting an industry benchmark, and striving to become a global leader in olefins. The company has implemented clean energy substitution actions, vigorously developed the green hydrogen industry, and focused on building a green hydrogen full industry chain that integrates "hydrogen production, hydrogen replenishment, hydrogen storage, hydrogen transportation, hydrogenation, and hydrogen consumption". It has built a large-scale solar electrolysis water hydrogen production plant with a single plant, and has created a "carbon neutrality" scientific path in the industry to replace fossil energy with new energy. In the future, a green hydrogen industry with an annual production capacity of 10 billion cubic meters and one million tons will be formed, becoming a major global supplier of green hydrogen. While accelerating the low-carbon transformation of the industry, it will promote the widespread application of green hydrogen in fields such as energy, chemical, green transportation, electronic industry, cogeneration, and energy storage, and promote the low-carbon transformation of the entire industry. Baofeng Energy adheres to using technology to empower high-quality development, introducing technologies such as artificial intelligence, big data, 5G, cloud computing, and the Internet of Things, accelerating the process of industrial automation, informatization, digitization, and intelligence, and is committed to creating a "technology leading, industry leading, and world-class" technology-based green intelligent manufacturing enterprise. |
| Headquarter | Yinchuan |
| Establish Date | 11/2/2005 |
| Listed Code | 600989.SH |
| Listed Date | 5/16/2019 |
| Chairman | Dang Yanbao. |
| CEO | Liu Yuanguan. |
| Website | www.baofengenergy.com |
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