Annual Output of 10 Million Tons of Upgraded Brown Coal Project to Be Completed and Put into Production by the end of August 2013

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It was learned from the Administrative Office of Xilingol League that Beijing Guochuan New Energy Development Co., Ltd. and Ximeng recently signed an investment agreement. The company plans to invest 2.3 billion yuan to build an annual output of 10 million tons of upgraded lignite projects. The project is located in the Ximeng Lignite Comprehensive Utilization Demonstration Park, with a total investment of 500 million yuan in the first phase, an annual production capacity of 2 million tons of upgraded lignite, a total investment of 1.8 billion yuan in the second phase, and an annual production capacity of 8 million yuan for the upgraded lignite. Ton. It is planned that the first phase of the project will be started this year and it will be completed and put into operation before the end of August 2013.

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