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Ningxia Baofeng Energy Group Co., Ltd.

Manufacturer Abbreviation：NINGXIA BAOFENG ENERGY

Location：Yinchuan, Ningxia, Chinese Mainland

5 Products29 Models

Introduction

Ningxia Baofeng Energy Group Co., Ltd. (Stock Code: 600989), established in November 2005, actively responds to national strategic initiatives and adheres to the mission of "being a socially valuable enterprise." Guided by the principles of "not pursuing activities unsupported or discouraged by the state, not engaging in outdated industries, not undertaking actions detrimental to industry development, and not pursuing endeavors lacking social value," the company is committed to technological innovation and green development. In the core area of the National Ningdong Energy and Chemical Industry Base—China's Energy Golden Triangle—the company has invested 72.7 billion RMB to construct the "Baofeng Energy Circular Economy Industrial Base," covering 14,000 acres. This base forms a large-scale, fully integrated circular economy industrial cluster encompassing "coal, coking, gas, methanol, olefins, polyethylene, polypropylene, fine chemicals, and new energy." Planned total production capacity includes: 8.1 million tons of coal annually, 7 million tons of coke, 14.6 million tons of coal washing, 7.4 million tons of methanol, 3 million tons of olefins, 1.5 million tons of polyethylene, 1.5 million tons of polypropylene, 400,000 tons of tar processing, 100,000 tons of needle coke, 120,000 tons of benzene hydrogenation, 200,000 tons of C4 hydrocarbons, 240 million standard cubic meters of green hydrogen, and 120 million standard cubic meters of green oxygen. By substituting coal for oil and clean energy for fossil fuels, the company produces nearly a hundred chemical products, enabling clean and efficient utilization of coal resources while effectively filling domestic gaps in chemical product imports and making outstanding contributions to national energy security. The company leads the industry in scale, technological processes, operational efficiency, and environmental performance, standing as a top-tier coal-based new materials enterprise in China and a leading private company in Ningxia, with 15,000 employees. In 2019, Baofeng Energy was successfully listed on the Shanghai Stock Exchange. To further promote low-carbon transition and green upgrading, the company implemented a new energy substitution strategy and innovatively developed the world's "National Solar Electrolytic Water Hydrogen Production Comprehensive Demonstration Project," integrating clean energy with the chemical industry. This initiative pioneers a scientific path to "carbon neutrality" by replacing fossil fuels with new energy, fully embarking on the company's journey toward "carbon neutrality" and striving to become one of the first industrial enterprises to achieve this goal. Simultaneously, the company is accelerating its transformation toward industrial automation, informatization, digitalization, and intelligence by incorporating 5G, big data, artificial intelligence, and industrial internet technologies. It is dedicated to building a modern "smart factory" and establishing itself as an internationally recognized technology-driven intelligent manufacturing enterprise. The company actively contributes to promoting key industries and regional development in the autonomous region, supporting Ningxia's construction as a pioneer in ecological protection and high-quality development of the Yellow River Basin, safeguarding national energy security, and achieving the "carbon neutrality" goal.