China's Ningxia Region Plans to Invest $44 Billion for Coal-Based Chemical Industry in Next 10 Years

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Researched by Industrial Info Resources (Sugar Land, Texas)--In a recent news conference, Li Rui, Vice Governor of northwestern China's Ningxia Autonomous Region, said that the state government would soon issue policies regarding the development of large coal-based projects involving both power generation and chemical manufacturing in Ningxia.

To date, the Ningxia region has invested $11.7 billion in its coal-chemical industry, and the investment is expected to reach a total of $44 billion in the next 10 years. "The future swift development of Ningxia will rely on the exploitation and utilization of its energy resources", Li Rui said.

According to the plans submitted to China's National Development and Reform Commission, an advanced energy and chemical base will be established with a coal-production capacity of 100 million metric tons per year, an installed power generating capacity of 26 gigawatts (including 10 gigawatts for transmitting outside the region), and an expected production capacity of coal chemical products of over 13.5 million metric tons by 2020.

According to the Development and Reform Commission of Ningxia, construction of the Ningdong Energy Base in eastern Ningxia could double the economic benefit of the entire Ningxia Region, and provide job opportunities for 100,000 workers.

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