Along with other coal cities in Heilongjiang province, Hegang has seen a rising number of large projects in recent years due to its abundant natural resources.

One of the biggest is the Huahe Coal Chemical Co jointly capitalized by the China National Chemical Engineering Group Corp and the Hegang-based Kunpeng Coking Co Ltd.

The facility about 1,500 m from a city railway station has a planned production capacity of 1.2 million tons of methanol.