Bao Tailong announced on the evening of the 25th that the company will invest 789 million yuan of the raised capital in Qitaihe Baotailong Shengmai Coal Chemical Industry Co., Ltd. in a capital increase manner for the implementation of the 300,000 tons/year coal tar deep processing project.

The company currently has a coal mining capacity of 320,000 tons/year, a coal washing processing capacity of 3.9 million tons/year, a coke production capacity of 1.58 million tons/year, a coke oven gas production methanol capacity of 100,000 tons/year, and a coal tar hydrogenation production capacity 100,000 tons/year, the power generation capacity is about 400 million kWh/year, and the heating area is about 900,000 square meters.

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