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Development Prospects of the Petrochemical Industry

2009-02-20View Original

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I watched TV yesterday and the website this morning, and I learned that new directions have been introduced for the development of petrochemical and light industries. The adjustment of industrial policies will inevitably have an impact, impact or opportunity on industries such as coal gasification. The management of petrochemical companies need to study policies carefully and seek breakthroughs. When I first went online in the morning, this news appeared on the front pages of major websites, but it soon disappeared. The news from Xinhuanet is still being retained. Here’s what some experts have to say: Hou Shiguo, deputy director of the Industrial Policy Department of the Ministry of Industry and Information Technology, said yesterday that the impact of the current decline in international oil prices is temporary. * * Policies generally support the development of the coal chemical industry. However, coal chemical industry is a technology- and capital-intensive industry, which consumes a lot of resources and energy. It is a high-energy consumption and high-emission industry. Therefore, for different sub-industries, * * Policies have different provisions.   The overall policy still supports development. Against the background of the early rise in international crude oil prices, the cost advantage of the coal chemical industry has become prominent, triggering an investment boom in the domestic coal chemical industry. Wang Xiangsheng, a researcher at Centaline Securities, said that if the rising coal price is taken into account and the oil price remains above US$50/barrel, coal-based alcohol ether-based coal chemicals will have a cost advantage. According to statistics from the National Development and Reform Commission, as of May this year, there were 30 new coal chemical projects under construction in China, with a total investment of more than 80 billion yuan, and new production capacity of 8.5 million tons of methanol, 900,000 tons of dimethyl ether, 1 million tons of olefins, and 1.24 million tons of coal-to-liquids. The registered production capacity of methanol projects reaches 34 million tons, olefins 3 million tons, and coal-to-liquids 3 million tons. In view of blind investment and redundant construction in the coal chemical industry, previously * * Relevant departments have introduced some restrictive policies and raised industry entry barriers. Hou Shiguo believes that China is a country short of oil and rich in coal. * * , it is unrealistic to produce major chemical products entirely from petroleum as raw material, and the development of coal chemical industry is in line with the actual development direction of our country. * * Policies generally support it. Although the current sharp drop in international oil prices has made many coal chemical projects no longer have an advantage in energy price parity, this temporary change has not been considered in the policy. When answering questions, Hou Shiguo said that two key policies for the coal chemical industry, the "Coal Chemical Industry Development Policy" and the "Medium and Long-term Development Plan for the Coal Chemical Industry", have been formulated. However, during the process of soliciting opinions, some issues were controversial and no consensus has been reached, so it has not been officially released. Sub-sectors have different experiences. Hou Shiguo pointed out that the current development of my country's coal chemical industry is still facing a series of problems. For example, the structure is unreasonable. There are more small and medium-sized enterprises in the industry, but there are fewer large-scale modern high-tech enterprises. ; There are too many locations, and major coal-producing provinces are rushing to launch coal chemical projects, resulting in similar industrial trends. ; The added value of the product is low, and the subsequent application technology of the product has not kept up. For different sub-industries of coal chemical industry, according to their different characteristics, * * policy tendencies are also different. According to reports, my country's coke, calcium carbide, coal-to-methanol, dimethyl ether and other industries are currently facing a situation where production capacity exceeds demand, and subsequent application technology is not perfect. * * These industries have set higher entry standards and policies to eliminate backward production capacity. For example, the coke access conditions are stipulated that coke ovens must be above 4.3 meters tall and have a production capacity of over 600,000 tons, and coke ovens below 4.3 meters tall will be phased out in recent years. As for the coal-based fertilizer industry, although domestic fertilizer production capacity is currently sufficient, * * The establishment of large-scale fertilizer production bases in areas rich in coal resources is still encouraged, and through the construction of these large-scale production enterprises, small coal-based fertilizer enterprises will be gradually phased out. Regarding the development of the coal-to-liquids industry, Hou Shiguo believes that there are currently problems such as huge investment in production equipment, unverified technical reliability, lack of successful cases, large energy loss, and large water consumption. Therefore, policies have been adopted to strictly control and not support large-scale development. (Li Yangdan)

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