According to the Alxa Daily, on October 23rd, Alxa League’s largest investment in industrial projects, Mengneng International Energy Development Co., Ltd., produced an annual production capacity of 320,000 tons of polyformaldehyde.
Mengneng International Energy Development Co., Ltd. and Alxa League signed a framework agreement in February this year with a total investment of 80 billion yuan. Among them, the new high-end coal chemical project is expected to invest 50 billion yuan, and the railway construction project is expected to invest 30 billion yuan. As a high-end coal chemical project, the first phase of the project with an annual output of 320,000 tons of polyformaldehyde will have an investment of 10.2 billion yuan.
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