Development Prospects of Coal Chemical Industry

However, my country's energy structure is one of more coal and less oil. The development of coal chemical industry is in line with China's national conditions.

From a large perspective, coal chemical industry will still take decades to develop in China, but it cannot be a booming sunrise industry, nor can it become a sunset industry in the short term. It will be a pillar industry.

According to the latest news on the evening of February 19, China’s State Council reviewed and approved in principle the plan for the adjustment and revitalization of the petrochemical industry and light industry, and decided to increase credit support for petrochemical companies. The plan stated that it would stop approving coal chemical projects such as coke and calcium carbide that simply expand production capacity. The meeting pointed out that the petrochemical industry is resource-intensive, capital-intensive, highly interconnected, and has a large economic aggregate. It plays a decisive role in promoting the upgrading of related industries and stimulating economic growth. While stabilizing the petrochemical product market, it must accelerate structural adjustment, optimize industrial layout, strive to improve innovation capabilities and management levels, and continuously enhance industrial competitiveness. 　　First, we must maintain the smooth operation of the industry. implement * * Comprehensive measures such as expanding domestic demand, revitalizing key industries and increasing grain production will drive consumption of petrochemical products. Strengthen import and export supervision and improve the price formation mechanism of energy products. 　　Second, we must improve our ability to secure agricultural supplies. Adjust the production structure of fertilizers and pesticides, optimize resource allocation, reduce costs, and increase supply. Improve the fertilizer storage system and strengthen the construction of agricultural diesel supply network. 　　Third, we must coordinate the layout of major projects and vigorously promote technological transformation. We will promptly organize and implement major oil refining and ethylene projects under construction to enhance the potential for industrial development. Promote comprehensive utilization of resources and waste recycling technologies. Develop circular economy. 　　Fourth, we must control the total volume and eliminate backward production capacity. Stop approving coal chemical projects such as coke and calcium carbide that simply expand production capacity, and resolutely curb the blind development momentum of coal chemical industry. 　　Fifth, we must increase policy support. We will promptly implement refined oil reserves, improve tax policies, increase investment in technological transformation, and increase credit support for petrochemical companies. 　　Sixth, we must improve the corporate governance structure, strengthen scientific decision-making, enhance risk prevention and control capabilities, and improve the management level of petrochemical enterprises. 　　According to people involved in the petrochemical industry revitalization planning plan, the main products involved in the revitalization plan proposed in the appendix of the plan are mainly to support the product types of key enterprises and key enterprises, as well as to support the types of high-end alternative products. 　　The person raised two key points in the appendix:: The first is to support the products of key enterprises. Therefore, the products of the two major companies, Sinopec and PetroChina, are likely to appear in the appendix of the plan. ； The second is import substitution. Refined, sophisticated, and high value-added products will be emphasized in the plan. For example, engineering plastics were imported in large quantities in the past and had relatively high added value. Products like this will be encouraged to develop and try to replace large quantities of imports. (