Prospects of coal chemical industry
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What is the future of coal chemical industry? Is it in line with **industry policies? Does it still belong to the \"three high\" industries?
The coal chemical industry is likely to remain highly active in China for a long time to come. Just look at those large state-owned enterprises that constantly invest hundreds of billions to buy coal mines everywhere – it’s quite clear from that.
The prospects for the coal chemical industry can be described as promising, but reckless actions at present could lead to chaos within this sector, which is a source of concern. **New policies should be introduced promptly; those massive investments are being directed towards coal mines – the real goal isn’t the coal itself, right???
It has great potential for development; oil reserves are decreasing, while imports of oil remain high. Given China’s coal reserves, as long as proper efforts are made in terms of environmental protection, the prospects for coal chemical industry are very promising!
The coal-based olefin production by Datang and Shenhua has set a good example for the coal chemical industry; its prospects should be developed and strengthened in a similar manner. Become one of the top 100 companies in the chemical industry. Secondly, the industrial chain should be expanded, for example by increasing investment in equipment manufacturing and chemical instrumentation.
Energy consumption issues and environmental protection problems are also important factors that restrict the development of coal chemical industry
From a **strategic perspective**, both olefin production and oil production are worthwhile regardless of profits or losses. As for methanol and dimethyl ether, there is an overabundance of them produced by private enterprises!
We are currently producing 200,000 tons per year of coal-based methanol despite the financial crisis. We did this after conducting some market research; the coal chemical industry will remain prosperous in the coming years.
There’s no future in it; it only leads to loss of time and money. That amount of money would be better spent on the development of electric vehicles or in the field of renewable energy.
The future of coal chemical industry lies in capital-intensive industries, which will inevitably follow the 20:80 rule. 80% of the resources are held by 20% of the companies. Small and medium-sized devices and enterprises can only rely on flexibility to seek opportunities to earn some hard-earned money. The monopoly advantages of large enterprises are very evident; support in the form of resources, capital, technology, and policies all benefit them. In the long run, the coal chemical industry has a viable path ahead and a bright future, but given the current economic situation, I believe it will take at least 2–3 years for the industry to recover. The key indicators should be linked to international oil prices.
If oil prices do not rise above $60 per barrel and domestic demand remains low, the capacity generated by newly launched and under-construction projects will be sufficient to meet any increased market demand. Moreover, there is not necessarily a demand for “increase” at the moment.
I think it still has a promising future, after all, coal is the dominant energy source.
In the coal chemical industry, there are those who don’t understand chemistry but still insist on engaging in chemical activities; while those who do understand chemistry lack the necessary resources, so they turn to coal mining instead； How can production costs be controlled in two closely related industries? How can one compete with countries that are rich in natural gas and oil? In my opinion, if our country does not introduce policies and relevant regulations for the coal chemical industry as soon as possible, nor support key enterprises in these areas, the future of the coal chemical sector will see domestic companies competing against each other ； Foreign companies will be the ones to benefit. :'(