CIMC ENRIC Inks First Overseas Integrated Steel–Coke Project in Indonesia under Belt and Road Initiative

HONG KONG, February 4, 2026 — CIMC ENRIC Holdings Limited (Stock Code: 3899.HK) has signed its first overseas Integrated Steel–Coke Project in Indonesia, marking a significant milestone in the company’s international expansion under China’s Belt and Road Initiative and its push to scale low-carbon industrial energy solutions globally.

The project, located at the Morowali Tsingshan Industrial Park (IMIP) in Sulawesi, Indonesia, will be developed through a joint venture with Tsingshan Holding Group Co., Ltd., alongside a coke oven gas supply agreement with Nanjing Iron and Steel Co., Ltd.. CIMC ENRIC will hold a controlling stake in the project.

Designed as a “Coke Oven Gas to LNG and Methanol Co-production Project”, the facility will have an annual production capacity of 180,000 tonnes of blue LNG and 100,000 tonnes of blue methanol. It represents the fifth integrated Steel–Coke project globally for CIMC ENRIC and the first such model to be replicated outside China.

Replicating a proven industrial energy model overseas

The Indonesia project builds on CIMC ENRIC’s integrated Steel–Coke business model, which converts coke oven gas, traditionally treated as a high-emissions industrial by-product, into higher-value clean energy products. The company currently operates two such projects in Liaoning Province, with another under construction in Guizhou and additional projects progressing in China.

By extending this model overseas, CIMC ENRIC is positioning itself as an exporter of integrated industrial energy solutions tailored to emerging manufacturing hubs, particularly in Belt and Road markets.

Tsingshan Group brings extensive experience in overseas industrial park development and operations, while Nanjing Iron and Steel contributes its expertise as a multinational steel producer. Together, the partners aim to establish a scalable and replicable low-carbon industrial energy ecosystem within IMIP.

Addressing Indonesia’s structural energy challenges

Indonesia holds the third-largest natural gas reserves in the Asia-Pacific region and ranks among the world’s top natural gas producers. However, its archipelagic geography has limited the development of unified power and gas infrastructure, creating challenges for energy-intensive sectors such as mining, smelting and materials processing.

The Indonesia Tsingshan Project is designed to address this mismatch by creating a localized, island-based clean energy supply system. Once operational, the project’s LNG and methanol output is expected to be consumed largely within the island, forming a closed-loop energy model that links industrial by-products directly to downstream applications.

Planned downstream uses include LNG-powered mining microgrids combined with photovoltaic storage, distributed LNG power generation, and LNG-fuelled heavy-duty logistics vehicles. In addition, as Indonesia remains a net importer of methanol, the project’s blue methanol output is expected to support domestic demand.

Industrial circular economy and operational synergies

The Morowali Tsingshan Industrial Park currently has an annual coke production capacity exceeding 10 million tonnes. The project will enable more efficient utilisation of coke oven gas generated within the park, supporting resource circulation and reducing emissions intensity.

By integrating resource processing, energy conversion and application within a single industrial ecosystem, the project aims to deliver both economic and environmental benefits, reinforcing IMIP’s position as a flagship example of international industrial capacity cooperation.

CIMC ENRIC said the project reflects its broader strategy of converting industrial off-gases from “carbon emitters” into “clean resources”, leveraging its expertise in key equipment, core processes and integrated clean energy services.

Scaling a ‘Chinese solution’ globally

Globally, coke oven gas remains a largely underutilised resource, with China alone producing an estimated 210 billion cubic metres annually, alongside significant volumes across other industrialised regions in Asia-Pacific and beyond.

CIMC ENRIC is seeking to standardise and internationalise its integrated Steel–Coke solutions across diverse industrial scenarios, including inland industrial clusters, coastal regions, island economies and Belt and Road markets.

As the company deepens collaboration with regional partners, it aims to position its integrated model as a commercially viable pathway for industrial decarbonisation, offering what it describes as a “CIMC ENRIC Solution” for global green industrial transformation.