The Current Situation of Coal Chemical Projects in the Financial Crisis

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The Current Situation of Coal Chemical Projects in the Financial Crisis Relevant experts from the China Petroleum and Chemical Industry Association said that due to the continued decline in oil prices, China's dimethyl ether industry has been seriously affected. “Since December last year, about 40.3% of dimethyl ether units have stopped production, 45.8% of units are in a state of limited production or semi-stop production, and only 13.9% of units maintain normal production. In mid-December last year, the CIF price of imported liquefied petroleum gas to South China was already 2,880 yuan/ton, which made the price advantage of dimethyl ether no longer exist. ” “Independent coking enterprises must engage in coal deep processing projects such as methanol, coal tar, and dimethyl ether. ”A senior executive of Shanxi Antai Group said. “At present, the entire coal chemical industry is indeed at a low ebb of contraction, but in the long run, there is still a market for projects such as dimethyl ether and coal-to-olefins. ”said Wang Xiaofeng, deputy director of the Industrial Development Department of the China Petroleum and Chemical Industry Association. He pointed out that taking Inner Mongolia as an example, the construction of large-scale coal liquefaction, coal coking, methanol, dimethyl ether, methanol to olefins, and coal tar deep processing projects is currently being promoted. Although the coal chemical projects under coking companies are shrinking, coal companies are expanding. Shanxi Coking Coal Xishan Coal and Electricity Group has cooperated with Shougang Jingtang Company in Caofeidian, Hebei Province to build a coking project with an annual output of 4.2 million tons, and 2.2 million tons have been put into operation. In addition, in mid-January this year, Shanxi Jincheng Anthracite Coal Group's 10,000-ton industrial test device for methanol-to-gasoline technology with independent intellectual property rights completed industrial testing and obtained qualified gasoline products.