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Low-tide coal chemical industry looks forward to subsequent breakthroughs in application technology Author/Source: China dimethyl ether network date: 2009-2-18 The recent sharp drop in international oil prices has caused coal chemical projects that were once flocked to lose their price advantage. The project construction and production cycle is long, the ability to withstand risks is low, many defects have further emerged, and many coal chemical companies have even fallen into trouble. Although the market situation has taken a turn for the worse, large companies that have been operating coal chemical projects for a long time believe that market fluctuations bring challenges as well as opportunities. Companies should focus on cultivating their own core competitiveness and integrate resources to look forward to the arrival of a new economic cycle. At the same time, due to imperfections in coal chemical technology and subsequent application technology, experts in the industry currently do not reach a consensus on coal chemical technology. Breakthroughs in coal chemical technology are still the bottleneck restricting the development of the industry in the future. According to analysis by industry experts, companies that invested in coal chemical industry in the past few years have made huge profits in the past two years, which can support companies to resist the risks of this financial tsunami. ； This is a good time for companies that want to enter the coal chemical industry. Market fluctuations have had a huge impact on projects launched last year and this year, making it difficult to get out of the woods. Low oil prices highlight the low input and output of coal chemical industry. During the period of high oil prices, coal can be used as an alternative energy source to petroleum to make various chemical products, which brings huge profit margins to the coal chemical industry. my country's resource endowment situation of more coal and less oil provides the possibility for the development of the coal chemical industry. This prompted a rush of coal chemical projects. As oil prices plummet, the profitability of related projects is worrying. The investment cost of coal liquefaction projects (process equipment, supporting infrastructure investment, etc.) is much higher than the investment in oil refining and petrochemicals, and the relatively low input-output of coal chemical projects is highlighted. Subsequent application technologies urgently need major breakthroughs. At present, coal gasification technology is still the bottleneck in the development of my country's large-scale coal chemical industry. Methanol is the main product of coal gasification and can be made into downstream products such as dimethyl ether, olefins, formaldehyde, acetic acid, and polyethylene. In recent months, methanol prices have plummeted and global markets have slumped amid the financial crisis. At present, my country's calcium carbide, coal-to-methanol, coal-to-dimethyl ether, coke and other industries have shown a trend of production capacity exceeding demand. At present, the development of my country's coal chemical industry is still facing a series of problems such as unreasonable structure, similar industrial trends, and low added value of products. According to expert analysis, due to imperfect follow-up application technologies, the production capacity of some sub-sectors has far exceeded downstream demand. In this regard, * * On the one hand, we look forward to the improvement of downstream utilization technology in the coal-to-liquids industry. On the other hand, we have stipulated higher entry standards and policies to eliminate backward production capacity for these industries. Industrial development policy planning is still unable to clearly target blind investment and redundant construction of the coal chemical industry. Our country has adopted strict control measures in policy. * * The National Development and Reform Commission suspended coal-to-liquids production for the third time in September 2008.: Except for the two demonstration projects, all other coal-to-liquids projects have been stopped. The successful commissioning of the Shenhua coal direct liquefaction project on January 7 this year marked a major breakthrough in independent innovation and industrialization in my country's coal chemical industry. However, the economics and stability of the project remain to be further observed. Due to the imperfections of current coal chemical technology and subsequent application technology, experts in the industry are highly controversial and unable to reach a consensus. Although the "Coal Chemical Industry Development Policy" and the "Coal Chemical Industry Mid- and Long-term Development Plan" have been formulated, they have not been officially announced yet.