- Business
- Gansu Energy Chemical Co., Ltd. is primarily engaged in coal mining, washing, and sales; coal mine engineering construction and inspection services; cogeneration; power generation and electricity supply; water supply services; and production and sales of chemical products. Its main products include various types of coal such as thermal coal and chemical products that serve industries including chemical, metallurgy, and building materials. The company operates mainly within China, with key operations and projects focusing on coal production and chemical manufacturing. Founded as Jingyuan Coal and Electricity Co., Ltd. and listed on the Shenzhen Stock Exchange in 1994, it is headquartered in Gansu Province. The company underwent major asset restructurings in 2012 and 2022, acquiring the main businesses of Jingmei Group and Kiln Coal Group, and was renamed in 2023 to reflect its broader energy and chemical focus.
Recent strategic developments include the acquisition of Gansu Energy Chemical Coal Storage and Transportation for approximately 101.5 million yuan, supporting vertical integration in coal logistics. The company has also been advancing several major projects in low-rank coal utilization, chemical fertilizer production, and new energy materials, including a low-rank coal efficient hydrogen production and a high-concentration urea compound fertilizer project. Additional initiatives span silicon-based new materials development, photovoltaic glass production, and new lithium battery industrial park construction. The company is expanding technologically and operationally to align with clean energy and high-tech chemical sectors, indicating a strategic shift towards diversification within the energy and chemical industry sectors. These moves follow the company’s 2023 name change and align with efforts to enhance industrial transformation and technological innovation in Gansu Province.