Hami Hengyou Energy & Chemical Technology Co., Ltd. was established in January 2019 with a registered capital of 80 million yuan. The project is located in Numao Lake Industrial Park, Yiwu County, Hami City. The total planned investment of the project is 1.5 billion yuan (divided into two phases: the first phase consists of methanol light hydrocarbon olefin production unit, etherification unit, ethylbenzene unit, gas fractiation unit and polypropylene unit; the second phase consists of styrene unit and polypropylene thermoplastic elastomer unit). At present, the first phase of the project has been completed and is in the trial production stage. The project utilizes 1.2 million tons of waste heat steam from Xinjiang Guanghui New Energy Co., LTD., recyles 700,000 tons of annual methanol from Xinjiang Guanghui Energy Co., LTD., and produces high value-added polypropylene. It is an environmentally friendly and energy-saving green finance project in the autonomous region.