Formation of new natural gas industry body
On 27 February 2013, Ningdong Development Investment Co, Ltd. and Hanas New Energy Group met in the Kempinski Hotel Yinchuan, to recognise the signing of the Ningdong Natural Gases Industry Joint Initiative Operating Agreement.
The agreement signifies a mutual investment to establish the Ningxia Ningdong Natural Gases Corporation, which will be responsible for supplying natural gas to the 70,000 residential and industrial consumers of the 3484km2 Ningdong region.
By 2020, Ningdong Chemical Base estimates that its total number of industrial workers will reach 100,000, and that its fixed asset investments will reach a total of 500 billion RMB.
The Vice President of the Hanas New Energy Group, Ren Fenglan, says that Ningdong Energy Chemical Base is a large-scale industrial base which relies upon an agglomeration of energy and chemical industries situated on the Ningdong coalfields. The State Council of the PRC has cited Ningdong as one of the nation’s most important centers of development, stating that the region is the nation’s principal base for coal, coal chemical processing, coal electricity and coal chemical industry within the Autonomous Region of China. Over 10 energy development enterprises are situated within the region. The establishment of Ningdong Energy Chemical Base is the step toward resolving some of the region’s problems with industrial gaseous waste.
Currently, the workers and residents in Ningdong County and its industrial park use bottled liquified petroleum gas, carbon and electric power as their main sources of energy. The lack of pipeline gas has thus become the most influential factor in deciding the quality of life for the town’s residents and the base’s industrial workers.
The Ningdong Natural Gas Company will contribute to an improved standard of living as residents enjoy a convenient, safe and clean natural gas service. Public service facilities; government and educational institutions, hospitality venues, retail and manufacturing complexes and corporate buildings; will benefit from a more economic, cost-effective energy resource.
According to predictions, Ningdong Energy Chemical Base’s demand for gas consumption will reach 220 million cubic nanometers per year by 2015, and 630 million cubic nanometers per year by 2020.
The establishment of the company will serve as a model for conservative energy consumption, as a prerequisite for any environmentally-friendly society.
The most apparent difference between old and new methods of energy consumption is that, after coal has been replaced by natural gas, nitrous oxide and sulfur dioxide emissions can be reduced by over 90% and 98%, respectively; harmful emissions such as carbon dioxide, smoke, and dust can also be significantly reduced; while sulfur dioxide and dust exhaust can be almost entirely eliminated, helping to prevent PM2.5.
It is reported that Ningxia Ningdong Development Investment Co. Ltd was approved and established by the People’s Government of the Ningxia Autonomous Region. Ningdong Energy Chemical Base’s management committee is controlled by state-owned enterprises, functioning as an investor and serving as the platform for the investment and financing of the base. The company’s registered capital is 700 million.
Hanas is focused on delivering more efficient energy solutions for a cleaner environment and promoting China’s energy transformation.
