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Chinese company Shanxi Loujun Mining Co. Ltd launched construction work on its new coking and steel production project, as announced by Beijing based state owned China Metallurgical Group Corporation.

 

The project, expected to cost a total investment of RMB 14 billion (USD 2.2 billion), includes three parts: construction of coking facilities, facilities for the utilization of coke gas, and steel production facilities. The coking facilities will have an annual production of 2 million tonne of coke, the coke gas utilization facility will produce 200,000 tonne of ethylene glycol per year, while the steel plant is expected to produce 5 million tonne of steel annually.

 

After commissioning, annual sales revenues from the overall project are expected to amount to RMB 20 billion (USD 3.2 billion).