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Shaanxi Plans a Number of Large Chemical Projects Author/Source: China Chemical Industry News Date: 2018-02-09 Clicks: 21 On January 31, the first session of the 13th Shaanxi Provincial People’s Congress concluded in Xi’an. Reporters from China Chemical Industry News learned at the conference that while more than 10 large-scale energy and chemical projects are continuing to be built at full pace, the province will also launch 10 new chemical projects this year, with a total investment of 138.5 billion yuan, most of which are modern coal chemical projects. The \"Report on Shaanxi Province’s National Economic and Social Development Plan for 2018\" adopted by the assembly revealed that in 2018, the province planned to carry out 600 key construction projects, with a total investment of 4,390.6 billion yuan, of which 508.3 billion yuan was allocated for annual investments. Among them, there are 206 projects under continuation, 88 new projects starting up, and 141 projects in the preliminary stage. Among these projects under construction, 23 are related to the energy and chemical industry. These include the first-phase completion project for the comprehensive utilization of coal, oil, and gas resources in Yulin by Yan’an Coal Group, the comprehensive utilization project for coal, oil, and gas resources in Yan’an, the first-phase of Shenhua Yulin’s circular economy coal utilization project, Shaanxi Longcheng’s integrated project for the clean and efficient utilization of 10 million tons of coal dust per year, projects for the deep processing of coal tar to produce multiple products, Yanzhou Coal Industry’s project for producing 500,000 tons of polymethoxymethane per year, Shaanxi Coal Industry’s pilot project for the hydrogenation of all fractions of coal tar to produce naphthenic oils on an annual scale of 500,000 tons, Yan’an Petroleum’s project for the comprehensive utilization of light hydrocarbons, Zhidan’s second-phase LNG project, and Xianyang’s project for producing 300,000 tons of coal-based ethylene glycol per year. There are also 13 petrochemical projects among them. The total investment in 10 newly launched chemical projects amounts to 138.5 billion yuan, with an annual plan to invest 4.4 billion yuan. These include the China Coal Yulin Coal Deep Processing Base (with an annual production capacity of 1.8 million tons of methanol, 300,000 tons of polyethylene, and 450,000 tons of polypropylene); the Shaanxi Coal Yushen Project for the efficient conversion of coal into various products (Phase I, with an annual production capacity of 1.8 million tons of ethylene glycol); the follow-up projects for Shaanxi Future Energy’s coal indirect liquefaction project (Phase I, with an annual production capacity of 4.17 million tons of high-quality oils and chemicals, as well as 2 million tons of products from high-temperature Fischer-Tropsch synthesis and 2 million tons from low-temperature Fischer-Tropsch synthesis); the Yanchang Xiwang Yushen Project for the clean and comprehensive utilization of coal (Phase I, including two CCSI units as well as power generation and methanol production facilities); the Yan’an Project for the cyclic and comprehensive utilization of 5 million tons of low-grade coal per year (Phase I, with an annual production capacity of 1.5 million tons of upgraded low-grade coal and 400,000 tons of methanol); the Shaanxi Coal Chemicals Company’s project to upgrade its methanol production capacity to 600,000 tons per year (Phase I). In addition, there are strategic emerging industry projects such as those related to lithium-ion battery cathode materials in Hancheng.
Coal chemical industries in Shaanxi are developing in various areas, with a total investment of 138.5 billion yuan. No wonder taxes were reduced some time ago – it is to encourage coal chemical companies to invest in construction projects, thereby stimulating private investment and creating jobs. With a variety of products being produced, this is likely to play a significant role in boosting Shaanxi’s GDP. But economic benefits still need to be taken into account!