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Shandong Energy

Coal-mining company based in Jinan, China

Field	Value
name	Shandong Energy Group Company Limited
logo	Shandong Energy (Logo 2022).png
logo_size	150px
trading_name	Shandong Energy Group
native_name	山东能源集团有限公司
native_name_lang	zh
foundation
defunct
location_city	Jinan, Shandong
location_country	China
key_people	Li Wei (Chairman)
industry	Coal mining
products	Coal
Shale oil
Electrical power
revenue	US$ 122.4 billion (2023)
net_income	US$ 830 million (2023)
assets	US$ 141.2 billion (2023)
num_employees	214,409 (2023)
owner	State-owned Assets Supervision and Administration Commission of the Government of Shandong Province
homepage

Shale oil Electrical power Shandong Energy Group Co. Ltd. () is a state owned coal-mining company headquartered in Jinan, Shandong, China. It is among the seven largest Chinese coal companies. |archive-url = https://archive.today/20120804004229/http://www.chinamining.org/News/2012-02-01/1328075124d53839.html |url-status = dead |archive-date = 2012-08-04 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.

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.

Ownership

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

Shadong Energy owns 29 mines. 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. In March 2012, the company's subsidiary Linyi Mining Group made a take-over bid for Australian coal company Rocklands Richfield.

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 e9m3 of syngas per year.

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

Oil shale

Oil shale is produced as a coal mining by-product by company's subsidiary Longkou Mining Group. 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. The company also plans to utilize Enefit-280 technology. 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. | archive-url= https://web.archive.org/web/20110725153401/http://www.ceri-mines.org/A02c-JialinQianpaper.pdf.pdf | url-status= usurped | archive-date= July 25, 2011

Power generation

The company owns several coal and oil shale-fired power stations. In addition, it plans to develop nuclear, wind and solar power.

Subsidiaries

Feicheng Mining Group (100%)

References

"Shandong Energy Group". Fortune.
(2020-08-14). "China approves merger of two coal giants".
(2020-08-17). "Chinese coal producers Yankuang, Shandong agree merger {{!}} Argus Media".

Info: Wikipedia Source

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