Taiwanese Chan and Chang Group Invests in Large Scale Coal-Chemical Project in Guizhou Province

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Researched by Industrial Info Resources (Sugar Land, Texas). Taiwanese Chan and Chang Group’s coal gasification project started construction on May 16, 2007, in Puxing Coal Mine area in Guizhou province in Southern China. The project’s goal is to produce a fuel substitute by coal gasification. Puxing Coal Mine is home to Puxing Coal-Gas-Chemical three-in-one production plant invested by Taiwanese Chan and Chang Group.

The scale of the gasification project is to produce 1 million tons of methanol and 250,000 tons of dimethyl ether every year.

The headquarters of the Taiwanese Chan and Chang Group is in Pudong District, Shanghai. Its specialization is in real estate, finance and high technology. The total investment by the Group into heavy industry is around $2.6 billion. The Chairman of Chan and Chang, Zhang Jianzhen, said that on May 8 a solely owned energy company, Jinde Energy and Chemical Limited, was established in Buyi-Miao Autonomous Prefecture, southwest of Guizhou province. The registered capital of the company is $12 million. This signals Chan and Chang’s expansion into coal chemical investment.

The General Manager at Jinde Energy and Chemical Limited, Xie Fengyu, noted that Guizhou has the most abundant coal reserve in Southern China. The Buyi-Miao Autonomous Prefecture is one of the richest areas for coal reserve in Guizhou. At the same time, there is an abundance of water resources and electricity in the Puxing area which makes it ideal for developing a coal-chemical industry. Jinde plans to invest a total of $810 million to construct the 1 million ton methanol and 250,000-ton dimethyl ether project in three phases.

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