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Chengzhi Co., Ltd.: Both industrial gases and methanol are products of the company's coal-to-gas facilities.
Everyday AI Express, an investor asked on the investor interaction platform: In your company’s 2024 financial report, the coal procurement amount is about 1.8 billion yuan, with a unit price of 1,040 yuan per ton. The coal purchased that year was about 1.7 million tons, but your company’s methanol production capacity is 600,000 tons. The methanol dispatch rate should be about 0.65 tons of methanol per ton of coal. Is your company stockpiling a large amount of coal, or is the production ratio incorrect?
Chengzhi Co., Ltd. (000990.SZ) stated on April 8 on the investor interaction platform that its subsidiary Nanjing Chengzhi is a leading domestic industrial gas supplier and a pioneering MTO full-industry-chain enterprise. It professionally produces and operates various gases including hydrogen and carbon monoxide, and co-produces products such as methanol, olefins, and butanol. Industrial gases and methanol are both products of the company’s coal-to-gas facilities.
(Reporter Wang Xiaobo)
Disclaimer: The content and data in this article are for reference only and do not constitute investment advice. Verify before use. Proceed at your own risk.
Daily Economic News