Shanxi company turns coal waste into big business

Time:2020-07-20 10:04:12      Source:ChinaDaily.com

Instead of hauling coal wastes to the dump, Shanxi-based Anpeak Specialty Minerals Co Ltd is turning the trash into a multi-million dollar business.

The company is leveraging its technology strengths to process coal gangue, the left solid waste in the process of coal mining. After processing, coal gangue can be turned into ultra-fine kaolinite, which can be used to make plastics, rubber, painting materials, pesticides, and many other products.

Li Yajun, deputy general manager of Anpeak Specialty Minerals, said the company has turned 150 metric tons of coal gangue into kaolinite to date. In 2019, the company's revenue hit 106 million yuan ($15 million).

Li said in the past, coal mine in Shuozhou city in Shanxi, where Anpeak Specialty Minerals is based, could produce over 30 million tons of coal gangue per year alongside with the annual 150-million-ton coal production. The coal gangue would be stored open-air, causing great damage to the environment as it produced dusts, toxic gases like sulfur dioxide, and could possibly self-ignite, which was also a threat to neighboring communities.

Li said Shuozhou's coal mining factories would spend about one billion dollars handling coal gangue waste in the past. But now coal gangue has been turned into a revenue source for those companies.


 

Index RMB/t DoD Basis Date
Datong 5500 700 0 ex-mine 05-04
Shuozhou 5200 680 0 FOR 05-04
Ordos 5500 700 0 ex-mine 05-04
Yulin 6200 780 0 ex-mine 05-04
Liulin Low-sulphur 900 0 ex-mine 05-04
Gujiao Low-sulphur 1770 -50 FOR 05-04
Xingtai Low-sulphur 2360 0 ex-Factory 05-04
Yangquan PCI 1280 -30 FOR 05-04
Index RMB/t WoW WoW% Date
Qinhuangdao 507.0 1.0 0.20 05-04
Caofeidian 541.0 9.0 1.69 05-04
Huanghua 216.9 12.4 6.06 05-04
Guangzhou 291.2 3.0 1.04 04-27
coastal 6PPs 1629.8 44.7 2.82 07-02
North Ports 2697.8 53.0 2.00 02-01
Yangtze River delta 1242.5 -74.7 -5.67 02-01
South Ports 2233.4 -216.0 -8.82 02-01
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