China’s Jiangsu province-based Nanjing Iron and Steel Co., Ltd. recently stated that the company will focus on the upstream industrial chain and set up a joint venture Jinrui New Energy in the Qingshan Industrial Park in Indonesia to commence a 2.6 MTPA metallurgical (met) coke project. The construction period is 18 months.
In the first half of 2021, the process of the project’s pile foundation construction exceeded 75%, while 90% of the procurement of equipment and spare parts has been completed. The foundation excavation and concrete pad of the first cokery have been completed; the construction of the second cokery has completed with the furnace shed installation and the masonry work is being carried out in order; the foundation excavation of the third coke oven has been completed, and the civil construction is in progress.
At the same time, the company plans to establish a joint venture Jinxiang New Energy in the Qingshan Industrial Park in Indonesia to start a coke project with an annual output of 3.9 million tons of coke. The project is currently under review.
After the Jinrui New Energy and Jinxiang New Energy coke projects commence operations, they will have a total annual output of 6.5 mn t of met coke. They are expected to become the company’s new business segment and greatly increase the company’s main business income.
Notably, Nanjing Iron & Steel Co., Ltd. is investing in a coke plant located in Indonesia due to the stricter environmental rules in China, thus building a new capacity closer to major global coking coal exporter Australia.
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