Chapter 3624

Su Xinghui hoped to consume most of the coal locally, and coal chemicals were a very good way to do this.

This year, there were more than thirty coal chemical projects under construction in China, and China's coal chemical technology with independent intellectual property rights had also made great progress, starting to move from the laboratory to production. China's coal chemical industry was booming. Against the background of international oil prices once hitting the $100 mark and the increasingly urgent global demand for alternative chemical raw materials and alternative energy, China's coal chemical industry, with its leading industrialization progress, had become an important part of China's energy structure.

At this time, launching coal chemical enterprises was just the right time.

Previously, Linshan had a coal chemical plant, but the scale wasn't too large, the technology was relatively backward, environmental protection measures weren't well done, pollution was relatively serious, and the benefits were also very poor. For the past two years, it had basically been in a state of suspension.

In addition, Linshan also had some small coal processing enterprises, mainly burning coke. The pollution from these enterprises was also relatively large. Although they were still in production, Su Xinghui planned to integrate them to expand the industrial scale, develop the advantages of intensive production, and strengthen environmental protection measures, so as to achieve the goal of attaching equal importance to economic development and environmental protection.

This time, Hou Wenhai and the others specially brought a scientist with relatively advanced technology in coal chemicals, named Gu Sheng, who had worked for many years in a large coal chemical enterprise in the United States and had only recently returned to China, also wanting to start a business in China's coal chemical industry.

After Hou Wenhai met with Gu Sheng and chatted, he felt that the technology Gu Sheng mastered was very suitable for investment in Linshan, so this time he brought him to Linshan.

After arriving in Linshan, Gu Sheng inspected Linshan's coal mines and those few coal chemical plants and processing enterprises. He felt that it was relatively appropriate to invest in building a large coal chemical enterprise in Linshan.

Linshan was rich in high-quality anthracite coal, with hundreds of large and small coal mines, and the annual coal production could reach tens of millions of tons. If these coal mines were integrated and production capacity increased, the annual coal production could even increase to tens of millions of tons.

Linshan was also located in the Dadian River Basin in the north of Yanzhong Province, so the water resources here were also very rich, which was also very important for a coal chemical enterprise. And Linshan had railways, which was quite good for freight.

Now that Su Xinghui had come to Linshan, and they were going to build an expressway and a high-speed railway, transportation would be even more convenient in the future. Of course, this place was very suitable for building a coal chemical enterprise.

Gu Sheng had spent these days in Linshan writing the results of his inspection into a feasibility study report, which he handed to Su Xinghui. After Su Xinghui read it, he was also very appreciative and felt that this project was very feasible.

The location of the Linshan Coal Chemical Plant was quite good, located in the northern suburbs of Linshan, on the south bank of the Dadian River. This was a flat and open piece of land, and the area of the coal chemical plant was also quite large, reaching hundreds of acres, very suitable for developing large industries like coal chemicals.

The Linshan Coal Chemical Plant had basically been in a state of suspension for the past two years, and most of their thousands of workers had been laid off, while another portion was receiving meager wages and doing nothing.

Su Xinghui had run to the Linshan Coal Chemical Plant several times these days, inspecting the site with Gu Sheng, and he could be considered to have a certain understanding of the coal chemical industry.

The technology Gu Sheng mastered was very advanced, mainly focusing on the gasification and liquefaction of coal to produce clean energy and alternative petrochemical products, such as diesel, gasoline, aviation kerosene, liquefied petroleum gas, ethylene raw materials, polypropylene raw materials, alternative fuels (methanol, dimethyl ether), electricity, heat, etc., as well as unique chemical products with coal chemical advantages, such as aromatic hydrocarbon products.

The process flow he mastered was very advanced, and it had unique advantages in coal utilization rate, product yield, and environmental protection, which was very suitable for Linshan's conditions.

According to Gu Sheng's inspection results, after a series of integration, technical transformation, and expansion of production scale, the Linshan Coal Chemical Plant could process tens of millions of tons of coal annually, with an output value of more than 10 billion yuan, and it wouldn't cause too much pressure on Linshan's environment.

For Su Xinghui, this was a very exciting number. If this project could really succeed, the output value of this one project alone would be almost half of Linshan's current total output value.

Moreover, this project could consume Linshan's rich coal resources locally, greatly increasing the added value of these coal resources, and the profits would also be quite considerable.

In addition, this project could also absorb a considerable number of Linshan's laid-off workers. According to Gu Sheng's feasibility study report, if this project could reach a processing volume of tens of millions of tons of coal, it would require tens of thousands of employees.

Therefore, no matter which aspect you looked at, this project was very suitable for Linshan.

Of course, the investment amount of this project was also quite large, with a total investment of at least 3 billion or more, which could be considered an astronomical figure.

Of course, the funding problem wasn't too big, because Hou Wenhai, Hou Wenchang, and the others were there. For them to take out billions in cash now really didn't count for anything. If it were investing for Su Xinghui, they wouldn't even blink an eye to take out this money.

Not to mention anything else, just the Hou's Electrical Appliances and Ernest Automobile Manufacturing Co., Ltd. under Hou Wenhai's banner, their annual sales revenue combined was tens of billions, and Hanhai Technology was now also a giant with a huge volume. Just the annual sales revenue of Hanhai mobile phones and Hanhai digital products was also tens of billions.

Since Hou Wenhai had brought Gu Sheng to Linshan, he was, of course, prepared to invest here.

After more than a month of inspection and a very arduous integration process, Su Xinghui finally integrated the Linshan Coal Chemical Plant and several other coal processing enterprises together, and added 1 billion yuan in loans from several state-owned banks, converted into 50% of the shares, to form a joint venture with Hou Wenhai and Hou Wenchang brothers to establish Linshan Coal Chemical Group Co., Ltd.

Hou Wenhai and Hou Wenchang brothers each invested 1 billion yuan, each holding 24% of the shares, while Gu Sheng invested with technology, holding 2% of the total shares.

This cooperation agreement was, of course, very favorable for the Linshan Municipal Government because the prospects of this Coal Chemical Group were very good, and the profit rate in the future would be quite considerable. If it could produce at full capacity in the future, the annual net profit could reach more than 1 billion yuan. The Linshan Municipal Government held 50% of the shares, so the annual profit would be several hundred million.

For Linshan's fiscal revenue, this was a quite huge number. You know, Linshan's current fiscal revenue was only a little over 2 billion yuan.

If it were an ordinary investor, they probably wouldn't agree to such conditions, but these were the Hou Wenhai and Hou Wenchang brothers. Their relationship with Su Xinghui was extraordinary, so they agreed to this condition that was very favorable to Linshan, and the Linshan Coal Chemical Group was born as the times required.