On June 24, 2026, a consortium meeting in Urumqi lit up blue flames for the Gobi Desert in Zhundong, Xinjiang. When the pens of ten major financial institutions including Bank of Communications and China Development Bank fell, the huge capital gate of 10.79 billion yuan was officially opened to the Zhundong coal to natural gas project of Xinye Group. This is not only the accumulation of numbers, but also the precise drip irrigation of financial vitality on the national strategy of clean and efficient utilization of coal, marking that this super project with an annual output of 2 billion cubic meters of coal to gas has obtained the most solid takeoff runway at the capital level.

Locking the funding chain with billions of credit

At the conference, the luxurious consortium led by Bank of Communications and composed of 9 financial institutions including China Development Bank was officially finalized. The credit limit of 10.79 billion yuan is not just a cold number, but also comes with clear mechanisms and operational procedures for disbursement and repayment. Behind the thanks from Li Tianyou, General Manager of Xinye Group, is a high level of mutual trust between the enterprise and financial institutions. The timely and sufficient funding of this project will directly break through the financial constraints of major projects, and promote the Zhundong coal to gas project to enter the fast lane of early completion, early production, and early results from the blueprint.

Rise of Gobi Coal Chemical Industry Chain

As a key project for clean and efficient utilization of coal in the autonomous region, the Zhundong project carries the mission of transforming black gold into blue gas. Xinye Group, as the state-owned enterprise of the district, middling coal Chemical Industry has the longest industrial chain. Its solid industrial foundation has shown financial institutions a strong solvency. The smooth implementation of the project will significantly improve the on-site conversion rate of coal in Xinjiang, extend the coal chemical industry chain, truly transform resource advantages into economic advantages, and help western China take solid steps in green and low-carbon transformation. Keywords: New energy news and information, coal to natural gas

Create a new sample of bank enterprise cooperation

The significance of this financing goes far beyond the individual project itself. Against the backdrop of increasingly complex financing demands for large-scale energy projects, this model of multiple banks grouping together, sharing risks, and coordinating resources provides a replicable investment and financing reference sample for similar major projects in the entire region and even across the country. It proves the firm confidence of financial capital in the real economy, especially in the fields of energy security and green development, and sets a new example for banks and enterprises to work together to build energy security barriers.Editor/Gao Xue