Coal chemical industry and petroleum chemical industry = sunrise or sunset?

Coal chemical industry can hardly be considered a sunrise industry; it is merely a supplement when oil resources are insufficient. It is various energy industries that do not rely on fossil fuels as fuel that can truly be regarded as sunrise industries in the future

Agree with what was said above: coal chemical processing requires large investments, and in the energy sector it can only serve as a transitional phase

Agree with what was said above; it seems that developing just two demonstration projects to build up technical capabilities would be sufficient. Coal can be kept for future use. Developing renewable energy sources, such as solar power, is quite appealing to me.

The main reason is that oil is currently too expensive; using it will result in losses in a few years. Take Inner Mongolia’s Dahuahua as an example – it used to rely on natural gas, but now it is switching to coal. With so much coal available in Inner Mongolia, and low transportation costs, there is significant effort being put into developing coal-based chemical industries there. It’s all a matter of economic considerations, which is why coal-based chemical industries remain popular for now. As the saying goes, extremes lead to reversals – too much of anything is not good. These are all issues that the leaders need to worry about; we just need to follow the trend.:lol

The development of coal chemical industry is the trend in the chemical sector for the next few decades......

China has abundant coal but little oil, and its energy distribution is uneven; hence, the development of coal chemical industry came into being as a result!

Developing coal chemical industry can alleviate the pressure on the petrochemical sector; in the long run, it is still necessary to develop new energy technologies

Some say that the 21st century is the century of biochemistry, but at present, biotechnology still faces many challenges that have not been overcome, including economic issues! There’s no need to talk about oil resources; everyone is aware of them. The coal chemical industry is primarily plagued by environmental issues, large-scale operations, and high investment costs; proper planning and the use of clean technologies hold great potential

Coal chemical industry is a product of specific periods and national conditions. The specific period was when oil resources were in short supply, which provided the economic basis for the existence of coal chemical industry. A specific national condition is that our country has abundant coal resources but a shortage of oil resources; among the countries in the world that develop coal chemical industries, there are only a few such as China, South Africa, and the United States. The future direction of the world’s primary energy sources is not coal chemistry, but coal chemistry remains an important component of the world’s energy supply for the time being.

It’s all about chemical processing of energy; there’s no such thing as sunrise or sunset industries – the only issues are improving efficiency and avoiding waste

Oil is **monopolized**, but coal is relatively more developed

This post was last edited by zpsshr on 2014-3-23 09:56. Who in the coal chemical industry doesn’t have a **background**? Give me an example! The issue of oil is too complex to be explained in just a few words. In the realm of shale gas, it doesn’t seem that private enterprises are very active! When shale gas first emerged, most of the 10 exploration blocks were held by private enterprises, with only one or two won through bidding by provincial-owned companies. Sinopec and CNPC didn’t compete in the same region! Later, private enterprises failed one after another, and it was Sinopec and CNPC that took over. Undersea combustible ice is good – **there’s no monopoly, and no private companies have succeeded in utilizing it yet, nor has there been a rush to do so! Foreign private and domestic enterprises are entering the high-tech sector, driving technological advancement in the market! Domestic private enterprises will ruin the market! For example, Sinopec invested billions to develop caprolactam, breaking foreign monopolies! A few BMW cars owned by private enterprises have completely ruined the market; advanced technologies that were once monopolized by foreign countries for years are now available at very low prices! There are certainly good domestic private enterprises, but most of them collude with local enterprise leaders to steal technology and assets, thereby ruining the market! Coal-to-oil technology was developed by Germany during World War I and World War II, in order to alleviate the oil shortage at that time; nowadays, Germany no longer uses such technologies as coal-to-oil or coal-to-olefins! Another is South Africa, which is under sanctions; its coal-to-oil projects were all built amid those sanctions. The coal chemical industry is profitable due to its marginal benefits; in other words, it turns something worthless into something highly sought after! China imports nearly 60% of its oil each year, and at high prices; its oil refining capacity is utilized at only about 75%, with 25% remaining idle. The amount of oil available is far from sufficient to meet domestic demand! The coal market is sluggish, and the steel and cement industries are in a downturn! Plastics and organic chemicals are industries with meager profits; coal chemical processing, in essence, is just mining coal! China’s coal reserves are not as large as those of the United States – only half of America’s – yet it extracts 2 billion tons of coal per year, compared to 500 million tons in the United States! I hope that in the future, steel production won’t require coke! Otherwise it’s gone! Coal-to-oil and coal-to-olefins were initially developed as part of energy security measures, not as part of mainstream industrial development! There’s a wild rush into the coal chemical industry these days; Lenovo and COFCO have also invested in coal for use in such industries. Failure is only a matter of time!

Coal chemical industry is only supplementary. Environmental protection, emissions, and water consumption are all issues.

Coal chemical industry: a rising industry, the new elite. Petroleum chemical industry: a declining industry, those in power. Will the coal chemical industry dominate the latter part of this century? How can there be interaction between the coal chemical and petroleum chemical industries? To be honest, the question posed by the original poster 6.5 years ago is quite interesting. Coal chemical industry has not become a declining sector, nor has the petrochemical industry fallen into decline; the two industries still interact and coexist. The expansion of the Jingbian coal, oil, and gas integration project will demonstrate a new chapter in the interaction between coal chemistry and petrochemistry.