Ningxia Baofeng Energy Group Co., Ltd. is a well-known enterprise in the high-efficiency coal-based new materials industry and a listed company on the A-share main board (stock code 600989). The company actively responded to the call for the development of the country's western region, thoroughly implemented the national "dual carbon" strategy, adhered to the concept of green and sustainable development, and built a modern energy and chemical circular economy industrial cluster efficiently, integratedly and on a large scale, replacing the high-end oil production with coal. Chemical products can achieve import substitution and ensure national energy security; replace fossil energy with new energy to help achieve the national "carbon neutrality" goal.

The company invests 72.7 billion yuan to build a modern coal chemical industry cluster in Ningdong National Energy and Chemical Base in Ningxia. Its annual production capacity covers 8.1 million tons of coal, 7 million tons of coke, 14.6 million tons of coal washing, 7.4 million tons of methanol, 3.46 million tons of olefins, 1.35 million tons of fine chemical project. 67.3 billion yuan is invested in Ordos, Inner Mongolia, and plans to build an annual output of 5 million tons of olefins. The first phase is invested 47.8 billion yuan, and build an annual output of 3 million tons of olefins. Among them, 400,000 tons of green olefins are built on supporting construction. The integrated demonstration of scenery hydrogen production is based on supporting construction. The project uses "scenery and complementary" to generate "green electricity" to produce green hydrogen, use green hydrogen to produce green methanol, and then use green methanol to produce green olefins. It is a large-scale green enterprise that replaces fossil energy with green hydrogen. The company's industrial scale, process technology, comprehensive costs, operating benefits, environmental protection indicators, etc. are all at the advanced level of the industry. The upstream and downstream of the industrial chain are closely connected and interconnected, truly "eat and squeeze out" coal, realize clean and efficient utilization of resources, and establish Industry benchmark, striving to become a leading global olefin company.

The company implements clean energy replacement actions, vigorously develops the green hydrogen industry, and strives to build a full green hydrogen industry chain integrating "hydrogen production, hydrogen replenishment, hydrogen storage, hydrogen transportation, hydrogen refueling, and hydrogen use". It has built a single plant with a relatively large scale. The large solar electrolytic hydrogen production plant has created a scientific path of "carbon neutrality" to replace fossil energy with new energy in the industry. In the future, the green hydrogen industry will be formed in a scale of 10 billion cubic meters and 1 million tons, becoming the world's largest green hydrogen supplier. While accelerating the low-carbon transformation of the industry, it will promote green hydrogen in energy, chemical industry, green transportation, electronic industry, The fields of co-heat and power supply and energy storage are widely used to promote low-carbon transformation in the entire industry.

Baofeng Energy insists on using technology to empower high-quality development, introduces technologies such as artificial intelligence, big data, 5G, cloud computing, and the Internet of Things, accelerates the process of industrial automation, informatization, digitalization and intelligence, and is committed to creating a technology-based green intelligent manufacturing enterprise. .