The future of calcined calcium carbide

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According to the latest updates from the evening of February 19, China’s State Council reviewed and approved in principle the plan for the adjustment and revitalization of the petrochemical and light industry sectors, deciding to increase credit support for petrochemical enterprises. The plan states that approval will be stopped for coal chemical projects such as coke and calcium carbide that merely aim to expand production capacity. The meeting noted that the petrochemical industry is resource- and capital-intensive, has high levels of industrial interconnection, and generates a large economic volume; it plays a crucial role in promoting the upgrading of related industries and driving economic growth. While doing so, it accelerates structural adjustment, optimizes the industrial layout, focuses on improving innovation capabilities and management levels, and continuously enhances the competitiveness of the industry. 　　First, it is necessary to maintain the stable operation of the industry. Implement comprehensive measures such as **expanding domestic demand, revitalizing key industries, and increasing food production to boost the consumption of petrochemical products. Strengthen import and export supervision and improve the price formation mechanism for energy products. 　　Second, it is necessary to improve the capacity to ensure agricultural inputs. Adjust the production structure of fertilizers and pesticides, optimize resource allocation, reduce costs, and increase supply. Improve the system for strategic stockpiling of chemical fertilizers, and strengthen the development of the supply network for agricultural diesel. 　　Third, it is necessary to coordinate the layout of major projects and vigorously promote technological upgrades. Accelerate the implementation of major oil refining and ethylene projects under construction to strengthen the momentum for industrial development. Promote the comprehensive utilization of resources and waste recycling technologies. Develop a circular economy. 　　Fourth, it is necessary to control the total volume and phase out outdated production capacity. Stop approving coal chemical projects such as coke and calcium carbide that merely aim to expand production capacity, and resolutely curb the uncontrolled growth of the coal chemical industry. 　　Fifth, it is necessary to increase policy support. Urgently implement refined oil reserves, improve tax policies, increase investment in technological upgrades, and provide greater credit support to petrochemical enterprises. 　　Sixth, it is necessary to improve the corporate governance structure, strengthen scientific decision-making, enhance risk prevention and control capabilities, and raise the management level of petrochemical enterprises. 　　According to sources familiar with the plan for revitalizing the petrochemical industry, the key products mentioned in the appendices of this plan relate mainly to the types of products for which backbone and key enterprises are supported, as well as the types of high-end alternative products that are intended to be promoted. 　　The individual identified two key points regarding the appendix: the first is to support the products of key enterprises; therefore, the products of Sinopec and CNPC are likely to be included in the planned appendix ； Second is replacing imports; for products that are highly refined, cutting-edge, and have high added value, this will be given emphasis in the planning. For example, engineering plastics were previously imported in large quantities and had a high added value; products of this kind will be encouraged to be developed in order to replace those imports as much as possible. (