The hottest new coal chemical project of more than

2022-10-23
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More than 200billion new coal chemical projects have been approved for 9 shares to meet major opportunities

according to Shanghai Securities News, the approval of new coal chemical projects has finally made significant progress. Since March, 10 new coal chemical projects have been approved by the general office of the national development and Reform Commission to carry out the preliminary work of relevant projects. The total investment of these 10 projects ranges from 200billion yuan to 300billion yuan, including five coal to natural gas, four coal olefins and one coal to oil projects

the production capacity of the top ten projects is considerable

according to the China Petrochemical Industry Planning Institute, the five coal to natural gas projects that have won the "road strip" include: the project with an annual output of 6billion cubic meters in Huocheng of China Power Investment Group, the project with an annual output of 4billion cubic meters in Xinjiang Yili of Shandong Xinwen Mining Group, and the project with an annual output of 4billion cubic meters in Xing'an League of Guodian group, CNOOC Shanxi Datong project with an annual output of 4billion cubic meters and Inner Mongolia new energy company project with an annual output of 4billion cubic meters

4 coal to olefin projects are: the 600000 ton coal to olefin project invested by Sinopec Group in Zhijin, Guizhou Province, the 600000 ton coal to olefin project invested by Sinopec and Henan coal industry group in Henan Province, the 600000 ton coal to olefin phase II project invested by China coal in Yulin, Shaanxi Province, and the 600000 ton coal to olefin project invested by Gansu huahonghuijin company in Pingliang. In the above four projects, Sinopec Group uses its own technology, and the latter two projects use the technology of Dalian Institute of Chemical Physics, Chinese Academy of Sciences

another approved coal to liquids project is the project of Lu'an Group with an annual output of 1.5 million tons of oil products

since September last year, the news that the approval of new coal chemical projects will be opened has been circulating in the market, but the "boots" have never landed. On March 22 this year, this newspaper published a full page in-depth survey, "the approval of coal chemical projects is waiting to be opened, and hundreds of billions of funds watch the market", revealing that 15 coal deep processing demonstration projects are expected to be approved before and after the "two sessions". The approval of the above 10 projects basically confirms our report. However, some projects approved this time are not among the original 15 coal deep processing demonstration projects, such as the project of Gansu Huahong Huijin. For the centralized opening of the approval of coal chemical projects, the source revealed that these projects were approved by the former director of the national development and Reform Commission when he was in office. With the arrival of Xu Shaoshi, the new director of the national development and Reform Commission, the rest of the projects that have not been approved still need to see the attitude of the new government towards coal chemical industry

through online review, we can see the reply of the national development and Reform Commission to the Huocheng project of China Power Investment Group, that is, the reply on Approving the preliminary work of the coal to natural gas demonstration project in Yili, Xinjiang. According to relevant sources, all the above-mentioned 10 projects received were letters to carry out preliminary work. This kind of approval is equivalent to approving "roadblocks", but a formal approval document is also required in the later stage

each project is a large investment

coal to natural gas and coal to olefins have been approved more. There is a logic behind it: China is rich in coal but lacks natural gas, and the technology of coal to natural gas is mature; China imports a large number of olefins, while coal to olefin technology is mature and economical

it is revealed that an annual output of 4billion cubic meters of coal to natural gas project requires an investment of about 20-30 billion yuan, and four projects require about 80-120 billion yuan. The 6 billion ton coal to gas project of China Power Investment Group has different technologies, with a total investment of about 50billion yuan. In this way, the total investment of the five coal to natural gas projects is about 130-170 billion yuan

the 600000 ton coal to olefin project has an investment of about 20billion yuan, and the four projects have a total of 80billion yuan. Together with the coal to liquid project of Lu'an Group, the total investment of the above 10 projects is about 200-300 billion yuan

in addition to the above approved projects, other projects that have yet to be approved but have carried out preliminary work, such as Yitai millions of tons of coal to liquid project, and projects that have been approved but are still under construction during the "Eleventh Five Year Plan", such as shenhuaning coal to liquid project. The investment of new coal chemical projects during the "12th Five Year Plan" period is said to reach 7000~800. It can be seen that the importance of fixtures in experimental machines is 0 billion yuan

the first to benefit from the approval of new coal chemical projects are engineering design and construction units, as well as equipment suppliers, such as Donghua technology, China chemical, as well as hang Yang and Zhang chemical machinery, Taiyuan Heavy Industry, Dalian heavy industry, etc

Donghua science and technology sources said that some newly approved coal chemical projects have already carried out preliminary work, such as Xinwen project and China power investment project. After obtaining the "road strip" from the national development and Reform Commission, the project investment is expected to accelerate

the policy winter is coming, and the new coal chemical industry is set sail again

Guodu Securities said that by combing the coal chemical industry policy, the country's policy attitude towards the development of the new coal chemical industry has experienced four stages: "encourage guide control strict". Analysts expect that the fifth stage is coming, when the new demonstration projects will be gradually approved

In June, 2004, the State Council listed coal chemical industry as the development focus of China's medium and long-term energy development strategy, and proposed to organize the implementation of large-scale and efficient coal gasification, "polygeneration" and other technological development; And consider including "coal to oil" in the "Eleventh Five Year Plan". The new coal chemical industry kicked off. In the next two years, the government will continue to issue relevant policies to encourage the development of new coal chemical industry

in July 2006, the government's policy on coal chemical industry changed, and the national development and Reform Commission asked the competent departments at all levels to suspend the approval of coal to liquid projects. Generally, coal to liquid projects with an annual output of less than 3million tons, methanol and dimethyl ether projects with an annual output of less than 1million tons, and coal to olefin projects with an annual output of less than 600000 tons should not be approved. In the following two years, the construction of demonstration projects during the "Eleventh Five Year Plan" period was mainly encouraged, and the main driving force for the government to promote the development of coal chemical industry was to improve China's national energy security

in September 2008, the government suspended other coal to liquid projects except Shenhua. Then in May 2009, the State Council made it clear that it was limited to the development of existing five types of demonstration projects, and the government's control was further strengthened. In September, 2009, the State Council clearly emphasized that modern coal chemical projects would not be approved within three years, and the state has maintained strict control over coal chemical industry for the following three years

in September 2012, the three-year ban set by the government has come. Analysts believe that the possibility of gradual relaxation in the later stage will gradually increase. According to media reports, the government may issue and implement the "coal deep processing demonstration project plan" and the "coal deep processing industry development policy" in the later stage. It is expected that 18 key demonstration contents, such as gasification technology, synthetic technology, large equipment, and Inner Mongolia 15 coal deep processing demonstration projects in 11 provinces and regions including Xinjiang

the policy will boost the launch of new coal chemical industry

up to now, among the five types of coal chemical industry demonstration projects planned in the "Eleventh Five Year Plan", coal to oil, gas and olefins have achieved good results, while coal to ethylene glycol and dimethyl ether have made slow progress due to technical and market factors. Analysts believe that one of the reasons why the government has not launched the 12th Five Year Plan is that the above demonstration projects have not been fully successful; However, at present, domestic coal chemical industry has developed to the crossroads of making new decisions. Combined with the policies and media reports, it is expected that the policy control of coal to oil, gas and olefins will be relaxed. Analysts believe that the new coal chemical industry represented by these three types of projects will gradually be ready to set sail

(1) coal to liquid: following the success of Shenhua, Yitai and Lu'an demonstration projects, Shenhua Ningmei 4million tons of coal to liquid and Lu'an Changzhi 5.4 million tons of coal to liquid projects have been approved by the national development and Reform Commission, and Shenhua has completed a part of the equipment bidding with Zhang Huaji, and the process basically adopts the domestic independently developed indirect liquefaction technology; In addition, Shenhua's move to establish the first gas station in Ordos has strengthened the expectation of the rapid development of the coal to liquid industry

(2) coal to natural gas: the first phase of the 4 billion m3 coal to natural gas project in Datang Keqi has a production capacity of 1.33 billion m3, and the trial production was successful at the end of July 2012. It is expected that professional products and effectiveness will be supplied to industrial enterprises, scientific research units, revenue and expenditure testing parts, and primary colleges and universities. A formal economic analysis report will be launched within the month, and Guanghui Xinjiang will also have a successful trial production; Other projects under construction, such as Datang Fuxin, Huineng Erdos and Qinghua Xinjiang, may be put into operation in 2013; According to recent media reports, "the third west east gas transmission line (30billion cubic meters) pipeline project of PetroChina started", "Sinopec Xinjiang coal to natural gas export pipeline project (new Guangdong Zhejiang pipeline, 30billion cubic meters) obtained a road strip", and the huge actions of large central enterprises in the construction of natural gas pipelines predict that the coal to natural gas projects in Xinjiang in the later stage will be gradually approved

(3) coal to olefins: Shenhua Baotou and Ningdong projects have achieved results, and Datang Duolun will also enter the production stage. At present, there have been some policy signals of gradual relaxation. In February 2012, the Ministry of industry and information technology issued the "12th Five Year Plan" for the development of olefin industry, which clearly stated to continue to promote the coal to propylene projects of Shenhua Ningmei and Datang Duolun, optimize the process technology, and gradually realize stable operation in Mongolia, Shaanxi, Xinjiang, Ningxia Guizhou and other provinces and regions have strictly arranged coal to olefin upgrading demonstration projects (but the layout is still allowed). Research and focus on the construction of large-scale olefin projects by using the established methanol production capacity in line with the economic scale, continue to promote the improvement and technology upgrading of coal to olefin process, drive the shaft change level of photoelectric encoder, and develop a new generation of methanol to olefin technology with intellectual property rights

to sum up, analysts believe that the new coal chemical industry has gradually obtained the starting conditions, and the need to strictly control the policy has significantly decreased. In addition, the recent major measures of some central enterprises reported by the media also show that the policy has a trend of gradual relaxation. It is expected that after 2012, the government will gradually relax the control of the development of new coal chemical industry, using coal to make oil, gas The emerging coal chemical industry represented by olefins will become the focus of chemical industry development in the future

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