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Shandong Energy

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Shandong Energy Group Co. Ltd. (Chinese: 山东能源集团有限公司) is a state owned coal-mining company headquartered in Jinan, Shandong, China. It is among the seven largest Chinese coal companies.[2] The group was created in March 2011 by merging six existing coal mining companies. These companies included Xinwen Mining Group, Zaozhuang Mining Group, Zibo Mining Group, Feicheng Mining Group, Linyi Mining Group and Longkou Mining Group.[3][4]

Shandong Energy Group Company Limited
Shandong Energy Group
Native name
山东能源集团有限公司
IndustryCoal mining
Founded21 March 2011 (2011-03-21)
Headquarters
Jinan, Shandong
,
China
Key people
Li Wei (Chairman)
ProductsCoal
Shale oil
Electrical power
RevenueUS$ 122.4 billion (2023)[1]
US$ 830 million (2023)[1]
Total assetsUS$ 141.2 billion (2023)[1]
OwnerState-owned Assets Supervision and Administration Commission of the Government of Shandong Province
Number of employees
214,409 (2023)[1]
Websiteenglish.shandong-energy.com

Shandong Energy and Yankuang Group merged in 2020, following a wave of mergers of state-owned companies throughout China. The new parent company kept the Shandong Energy Group name.[5][6]

Ownership

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The company is a Chinese state-owned enterprise. It is wholly owned by the Shandong Provincial SASAC, not to be confused with the central government's SASAC.

Coal

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Shadong Energy owns 29 mines.[2] In 2011, the company mined 108.2 million metric tonnes of coal and is planning to produce 120 million metric tonnes in 2012. In addition to the production in China, the company is developing a coal mine in British Columbia, Canada, and plans to expand to Australia, Burma, and Cambodia.[7][needs update] In March 2012, the company's subsidiary Linyi Mining Group made a take-over bid for Australian coal company Rocklands Richfield.[8][9]

In the Yining mining area, the companies subsidiary Xinwen Mining Group together with Australian Linc Energy has planned to develop a coal gasification project with a capacity of 2 billion cubic metres (71 billion cubic feet) of syngas per year.[10][11]

The company's subsidiary Longkou Mining Group is the only company in China mining coal beneath the seabed.[12][13] The mining is carried out at the Beizao Underwater Coal Mine in Bohai Bay to the north of the Shandong Peninsula.[14]

Oil shale

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Oil shale is produced as a coal mining by-product by company's subsidiary Longkou Mining Group.[15] It operates shale oil plant which is equipped with 40 Fushun retorts. The shale oil production is about 120,000 tonnes per year and the planned full capacity is 200,000 tonnes of shale oil per year.[12][15][16] The company also plans to utilize Enefit-280 technology.[16][needs update] In addition, the company plans to burn shale char mixed with particulate oil shale in fluidized bed combustion for power generation, and the shale ash would be utilized for production of building material.[15]

Power generation

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The company owns several coal and oil shale-fired power stations. In addition, it plans to develop nuclear, wind and solar power.[3][17][needs update]

Subsidiaries

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  • Feicheng Mining Group (100%)

References

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  1. ^ a b c d "Shandong Energy Group". Fortune Global 500. Fortune. Retrieved 2024-08-24.
  2. ^ a b "China's 7 Coal Mining Companies Realized Production Capacity of 100 Mln Tonnes in 2011". China Mining Association. 2012-02-01. Archived from the original on 2012-08-04. Retrieved 2012-06-02.
  3. ^ a b "Six coal enterprises in Shandong form Shandong Energy Group". China Mining Association. 2011-03-23. Retrieved 2012-06-02.
  4. ^ "Shandong Energy Group Formed Via Merger of Coal Miners". China Mining Association. 2011-03-24. Retrieved 2012-06-02.
  5. ^ "China approves merger of two coal giants". MINING.COM. 2020-08-14. Retrieved 2022-12-24.
  6. ^ "Chinese coal producers Yankuang, Shandong agree merger | Argus Media". www.argusmedia.com. 2020-08-17. Retrieved 2022-12-24.
  7. ^ Le, Reggie (2012-03-08). "Shandong Energy says China thermal coal market may remain weak in 2012: reports". Platts. Retrieved 2012-06-02.
  8. ^ Tan, Gillian (2012-03-29). "Rocklands Richfield Gets Takeover Offer From Shandong Energy Linyi Mining". The Wall Street Journal. Retrieved 2012-06-02.
  9. ^ Tan, Gillian (2012-03-29). "Shandong Energy in bid to acquire Rocklands Richfield". The Australian. Dow Jones Newswires. Retrieved 2012-06-02.
  10. ^ "POSCO, SK Energy to invest for coal conversion". Reuters. 2009-07-24. Retrieved 2012-06-02.
  11. ^ "Shandong Energy CTG project close to approval". Interfax. 2012-05-24. Retrieved 2012-06-02.
  12. ^ a b "Longkou Mining Group to double shale oil production capacity to 120,000-mt/yr in Mar'11". ChenHere.Net. 2011-01-04. Retrieved 2012-06-02.
  13. ^ "China begins trial exploration of first offshore coal mine in E. China". People's Daily. Xinhua. 2005-06-19. Retrieved 2012-06-02.
  14. ^ "1st coalfield beneath seabed to begin production". China Daily. Xinhua. 2004-08-18. Retrieved 2012-06-02.
  15. ^ a b c Qian, Jialin; Wang Jianqiu; Li Shuyuan (2006). Oil Shale Activity in China (PDF). 26th Oil Shale Symposium. Colorado School of Mines. Retrieved 2012-06-02.
  16. ^ a b Li, Shuyuan (2012). "The developments of Chinese oil shale activities" (PDF). Oil Shale. A Scientific-Technical Journal. 29 (2). Estonian Academy Publishers: 101–102. doi:10.3176/oil.2012.2.01. ISSN 0208-189X. Retrieved 2012-06-02.
  17. ^ "Shandong energy coal enterprise restructuring come from behind". China Financial. 2012-03-19. Retrieved 2012-06-02.
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