China Drying Network News After the "11th Five-Year" period, "ordered" to strictly approve the coal chemical project, the construction of the new "12th Five-Year" coal chemical project will accelerate. Coal chemical projects with a total investment of nearly RMB 1 trillion are being reviewed by the National Development and Reform Commission, and most of the approval results may be announced in September.
In July, the newspaper once called the “Coal Deep Processing Planning Looked at the Feast of Taiwan Coal Chemicals at a Touch†and reported that the National Development and Reform Commission is preparing the “Coal Deep Processing Demonstration Project Plan†(hereinafter referred to as “planningâ€). A coal chemical industry veteran told reporters yesterday that the 15 demonstration projects listed in the “Planning†are 15 new coal chemical projects that the National Development and Reform Commission is reviewing. The scope of these projects covers coal-to-natural gas, coal-to-olefins, and coal-to-oil.
Coal-based natural gas includes: 5.5 billion cubic meters of projects invested by Qinghua Group in Yili, Xinjiang; Xinwen, CLP investing in projects invested by Yili, Xinjiang; Sinopec leading, coalition Huaneng, Yankuang, Longyu Energy, Luan, Shenhua, China Coal Projects Xinjiang Xinjiang Corps did in Zhundong, Xinjiang (there are claims that the number may reach seven or eight); Guodian's output of 4 billion cubic meters in Xing'an, Inner Mongolia; SDIC Xinji United Power Enterprise in Huainan, Anhui Province project.
Coal-to-oil includes: Zhao'an's projects in Inner Mongolia, Yankuang, and extension projects built in Yulin, Shaanxi, and Shenhua Ning Coal's annual output of 5 million tons in Ningxia. Coal olefins include: Zhongtian Hechuang Project in Ordos, Inner Mongolia; Shenhua, Shaanxi Coal and Dow together in Shaanxi; Sinopec in Guizhou; Henan Coal and Sinopec in Henan.
It is reported that some of the above projects were submitted for approval. However, due to the approval of the strict coal chemical projects in July 2006 by the National Development and Reform Commission, they have not been able to obtain "roads." Recently, the National Development and Reform Commission focused on the approval of coal chemical projects, mainly during the “Eleventh Five-Year Plan†period. The new coal chemical demonstration projects have been put into operation and operating well, and the “Twelfth Five-Year Plan†must continue. In addition, the sluggish economy may also encourage the NDRC to expedite approval.
It is reported that Luan's 1 million-ton coal-to-oil project has already got the “roadâ€. Ning Coal Coal Oil Project was quickly approved.
The new coal chemical demonstration project has locked coal to natural gas, coal to olefins, and coal to oil. On the one hand, China has achieved breakthroughs in the above-mentioned product production technologies. In addition, the high oil prices and the need for energy substitution have also prompted China's inevitable development of coal chemical industry.
During the "11th Five-Year Plan" period, China's coal-to-natural gas, coal-to-olefin and coal-to-oil demonstration projects performed well. The start of the new coal chemical project has obvious effects on the investment.
The industry believes that the project approved by the National Development and Reform Commission, together with the coal chemical projects approved by the local development and reform commission, will have a total investment of more than one trillion yuan in the “12th Five-Year†coal chemical project. In the second half of 2012, China is expected to enter the peak period of coal chemical investment.
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