No new construction, renovation, or expansion is allowed for coal-to-olefins projects not included in the plan; the capacity of coal-to-oil and coal-to-gas production will be kept under reasonable control

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New construction, renovation, or expansion of coal-to-olefins projects not included in the plan are prohibited; the production capacity of coal-to-oil and coal-to-gas projects will be reasonably controlled. According to Xinhua News Agency, Beijing, October 24, 2021, the CPC Central Committee and the State Council officially released the “Opinions on Fully, Accurately, and Comprehensively Implementing the New Development Philosophy to Achieve Carbon Peaking and Carbon Neutrality.” Among them, for energy- and emission-intensive projects, blind development will be curbed. For newly built or expanded projects in energy- and emission-intensive industries such as steel, cement, flat glass, and electrolytic aluminum, strict implementation of equivalent or reduced capacity replacement is required. Policies for controlling production capacity in sectors like coal power, petrochemicals, and coal chemical industry shall also be introduced. Projects related to oil refining, as well as new ethylene, paraxylene, and coal-to-olefins projects, shall not be newly constructed, renovated, or expanded unless they are included in the industrial planning for the relevant sectors. Reasonably control the scale of coal-to-oil and coal-to-gas production capacity. Raise the energy consumption access standards for projects with high energy consumption and high emissions. Strengthen analysis, early warning, and window guidance regarding overcapacity. https://bbs.hcbbs.com/forum.php?mod=viewthread&tid=3263527&shareuid=3771372] Attachment: “Opinions on Fully, Accurately, and Comprehensively Implementing the New Development Philosophy to Promote Carbon Peak and Carbon Neutrality”