ZT coal-to-oil production is set to enter a period of rapid development
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This post was last edited by jordan569 on 2013-1-6 21:40. Xinhua Net, Jinan, March 19, 2010 – The low-carbon economy and environmental protection policies have driven rapid development of petroleum alternatives as fuels. Jiang Xinmin, an associate researcher at the Energy Research Institute of the National Development and Reform Commission, analyzed on the 18th in Shandong that China’s coal-to-oil industry is set to enter a period of rapid development, but it is necessary to avoid reckless investment. As an important pathway for alternative energy to oil, coal-to-oil, along with methanol and dimethyl ether, are among the key products of coal-based alternative liquid fuels. Since 2006, the surge in international oil prices has greatly spurred trials and commissioning of coal-to-oil projects in China. Shenhua Group first established a 1 million tons per year direct liquefaction technology demonstration project in the Inner Mongolia Autonomous Region; this was the world’s first large-scale industrial facility for the direct liquefaction of coal. Currently, Shenhua Group is establishing coal-to-oil projects in Ningxia, Shaanxi, Xinjiang, and other regions. Given the trend in recent years where major coal-producing provinces and large enterprise groups in China have planned to launch coal-to-oil projects, the National Development and Reform Commission has requested investment authorities at all levels to suspend such projects until the development plan for coal liquefaction is finalized. Especially since 2009, with the sharp drop in international oil prices, the cost advantage of coal-to-oil production has become less significant. Based on a coal price of 400 yuan per ton, 20-year depreciation of fixed assets, and an interest cost of 7%, the ex-plant cost of coal-to-oil production corresponds to an oil price of around 60 dollars per barrel. However, Jiang Xinmin predicts that China’s oil demand growth rate will rebound in 2010, with oil consumption reaching 430 million tons, a year-on-year increase of 5.4%. It is for this very reason that the development of oil alternatives, including coal-to-oil, has seen a revival. (Reporter Lu Fuming). Note: $ # , $ $
**When will the media liquefaction development plan be finalized?
This man is from the National Development and Reform Commission! Previous news reports on restrictions on the development of coal chemical industries always emphasized issues such as \"blind investment\" and \"excessive investment,\" etc. This report states that the Development and Reform Commission requested investment authorities at all levels to suspend coal liquefaction projects until the development plan for coal liquefaction was finalized. It also compared the oil price trends in 2009 and this year. While reading it, it seems as though the message is to relax regulations in the field of coal chemistry. The **coal liquefaction development plan mentioned in the text – is this the responsibility of the Development and Reform Commission or the Energy Committee? If it is the responsibility of the National Development and Reform Commission, I believe work on it should have started many years ago.
The executive office of the Energy Committee is located in the Energy Bureau, which is merely a department under the National Development and Reform Commission. So there’s no difference anymore.
It seems there are many people involved in coal-to-gas production these days
That’s good; it seems everyone is going to flock over.
1# qjmengedward At present, coal-to-oil production is simply a scenario involving high costs and low returns; this is especially true for direct coal liquefaction. Shenhua’s coal-to-oil projects result in losses. While it can serve as a technical backup in case oil and gas resources run out in the future, it is not cost-effective as a means of production at present.
Inner Mongolia Autonomous Region is set to become an important base for coal chemical industry
“What does “ZT” stand for? 1# qjmengedward
With more projects, it can help solve employment issues and increase everyone’s income