About Ningxia Baofeng Energy Group Company

The company is a leading enterprise in the domestic high-end coal-based new materials industry, and is also an A-share main board listed company (stock code 600989). The company has responded positively to the call for development in the western part of the country, thoroughly implemented the country's “double carbon” strategy, adhered to the concept of green and sustainable development, and built a high-end, integrated and large-scale circular economy industrial cluster to produce high-end chemical products using coal instead of petroleum to achieve import substitution and ensure the country's energy security. The main business details include: (1) coal-to-olefin, that is, using coal and coke oven gas as raw materials to produce polyethylene and polypropylene; (2) coking, that is, washing raw coal as refined coal, and then using refined coal to produce coke; (3) fine chemicals, which produce fine chemical products such as MTBE, pure benzene, industrial naphthalene, modified asphalt, and anthracene oil as by-products of the coking business. Among them, coal-to-olefin is the company's main business. The company's main products are polyethylene, polypropylene, coke and fine chemical products.