On July 23, 2026, in the High tech Industrial Development Zone of Shenmu City, Shaanxi Province, the signing of an EPC contract once again focused the attention of China's coal chemical industry on Yuneng Group. PetroChina Jilin Chemical Engineering Co., Ltd. and China Chemical Engineering Sixth Construction Co., Ltd. have officially won the general contracting rights for the ethylene propylene rubber plant. Thus, the world's first coal based epoxy resin full industry chain project with a total investment of 13.2 billion yuan and an area of 1588 acres has completed intensive signing and construction of four core nodes within one month. From coal to methanol to epoxy resin, and then to ethylene propylene rubber - a piece of coal from northern Shaanxi is planning a transformation from fuel to high-end new materials.

Sign four core devices in one month

In July 2026, the Yuneng New Material Epoxy Resin Integration Project entered an acceleration period. The DMTP joint unit started construction on July 3rd, the bisphenol A unit EPC was signed on July 17th, the storage and tank area engineering EPC was signed on July 21st, and the ethylene propylene rubber unit EPC was signed on July 23rd. The ethylene propylene rubber plant signed this time is jointly constructed by PetroChina Jilin Chemical Engineering Co., Ltd. and China Chemical Engineering Sixth Construction Co., Ltd. It is an important extension of the project. The project is located in the High tech Industrial Development Zone of Shenmu City, with a total investment of 13.2 billion yuan and an area of 1588 acres. The owner is the local state-owned energy enterprise, Yuneng Group. After the project is completed, it will produce 250000 tons of epoxy resin annually, accounting for about 12% of the total national demand, and the annual sales revenue is expected to be nearly 10 billion yuan.

Coal based route replaces petroleum route

Epoxy resin is widely used in high-end manufacturing fields such as wind turbine blades, aerospace equipment, electronic packaging, photovoltaic modules, medical devices, etc. At present, domestic epoxy resin mainly follows the petroleum route, and the Yuneng project is the world's first complete epoxy resin industry chain project based on coal based methanol, using the abundant coal resources in northern Shaanxi to replace petroleum in the production of high-end new materials. The project achieves vertical integration: from coal to methanol to propylene, then to epichlorohydrin, bisphenol A, and finally to epoxy resin POE、 Ethylene propylene rubber, the entire chain is connected by itself. At the same time, it realizes the mutual supply of raw materials and sharing of public works with chlor alkali, orchid charcoal, coal tar processing and other facilities in the park, forming a dual advantage of cost and added value, transforming coal from a fuel to a high-end material. Keywords: New Energy News Network, Coal based Epoxy Resin

From energy transformation to a billion dollar cluster

Yuneng Group has obtained a pure credit loan of 16.6 billion yuan through innovative financing models, reflecting the recognition of financial institutions for project quality and team professionalism. The investment of 13.2 billion yuan is an important puzzle for Yuneng Group to build three hundred billion level industrial clusters of energy and chemical, coal-fired power, and new materials. Once this path of coal based methanol epoxy resin high-end new materials is realized, its significance will go beyond individual projects, opening a new door for the entire Chinese coal chemical industry to transition from energy to materials, and providing a reference sample for the transformation and upgrading of local energy state-owned enterprises.Editor/Gao Xue