On August 26, 2026, China Pingmei Shenma Group simultaneously launched the construction of five key projects in Puyang, Shangqiu, and Hebi, Henan, with a total investment scale exceeding 3.5 billion yuan. This round of cross regional projects starting construction marks a crucial period for the high-end transformation of Henan's coal chemical industry from the planning stage to the landing and tackling challenges.

3.5 billion investment to anchor green chain extension

These concentrated projects all focus on the value-added and green low-carbon direction of coal based chemical industry chain extension, covering multiple tracks such as raw material guarantee, fine chemicals, new energy, and new materials. In recent years, Pingmei Shenma Group has anchored on the four major functional positioning given by the Henan Provincial Party Committee and Government, and promoted the three-year innovation campaign of chemical industrial parks with the main line of extending and supplementing the chain, continuously promoting the upgrading of the coal chemical industry towards high-end, differentiated and green direction.

Based on the latest data of Henan's chemical industry in 2026, the total investment in technological transformation and transformation projects in the coal chemical industry in the province increased by 42% year-on-year in the first seven months of this year. The project that Pingmei Shenma has started construction this time is a benchmark cluster project in the province's current industrial upgrading process. After the completion of the project, it will directly activate the existing chemical assets in many areas of eastern and northern Henan, greatly optimize the regional industrial layout, and provide solid support for the upgrading of Henan's industrial level.

Precise layout of segmented tracks

The total investment of the transformation and upgrading raw material gas supply project in Puyang Park is 1.81 billion yuan, with a construction period of 22 months. It will eliminate old and high energy consuming devices, adopt advanced coal water slurry gasification technology, upgrade environmental protection facilities, waste heat recovery ORC power generation system and 150MW source grid load storage integration project, completely solve the bottleneck of synthetic gas supply, and build a low-carbon raw material foundation for the local high-end biochemical and new material industries.

Shangqiu Yongcheng Park has launched three transformation projects simultaneously, promoting enterprises to leap from basic chemical raw material production to the high value-added new material track. The first phase project of 30000 tons of pentaerythritol, which started construction in Hebi Park, is a core supporting project for the integration of the local high-end polyurethane industry. The multi grade products produced can be widely used in high-end fields such as new energy batteries, special coatings, aerospace lubricants, etc. Keywords: coal chemical industry, energy projects

This batch of projects is the core achievement of the coordinated development of industries after the strategic restructuring of Pingmei Shenma Group. After all are put into operation, substantial breakthroughs will be achieved in extending and strengthening the chain.Editor/Cheng Liting