[Haichuan Chemical Salary Updates] Installation of 4 cycle gas heat exchangers for the capacity expansion project of Ningmei’s 4 million tons/year coal indirect liquefaction facility carried out by China National Chemical Sixth Construction Company
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From April 2 to 16, the four large-scale cycle gas heat exchangers for the capacity expansion project aimed at improving the coal indirect liquefaction process at Ningxia Coal Industry of the Energy Group, a project undertaken by the Northwest Branch of China National Chemical Engineering Corporation Sixth Construction Co., Ltd., were successfully installed in place.
Located in the Ningdong Coal Chemical Industry Base in Yinchuan, Ningxia, this project is a demonstration project for the industrialization of coal-to-oil production that was approved for construction during the 12th Five-Year Plan period by the **National Development and Reform Commission. It is also currently the largest chemical project in the world’s petrochemical and coal chemical industries in terms of initial investment scale. The project was completed and put into operation at the end of 2016; this construction work involves technical upgrades and repairs to certain processing units, and so far LiuHuaJian has completed 60 such upgrades.
Located in the Ningdong Coal Chemical Industry Base in Yinchuan, Ningxia, this project is a demonstration project for the industrialization of coal-to-oil production that was approved for construction during the 12th Five-Year Plan period by the **National Development and Reform Commission. It is also currently the largest chemical project in the world’s petrochemical and coal chemical industries in terms of initial investment scale. The project was completed and put into operation at the end of 2016; this construction work involves technical upgrades and repairs to certain processing units, and so far LiuHuaJian has completed 60 such upgrades.
Each piece of equipment to be lifted weighs 283.5 tons when empty, with a lifting weight of 325 tons; it has a diameter of 3.5 meters, a skirt base height of 20.2 meters, and an overall lifting height of 38.745 meters. Due to the limited working space, high difficulty, and the need to lift components while production is in progress, the lifting process is particularly challenging. To ensure smooth construction, Liuhua Construction has repeatedly studied and formulated lifting plans, made preparations for the arrival of equipment and machinery as well as for the lifting process itself, and strictly controlled every aspect related to safe production. The four units were successfully lifted on April 2, 3, 15, and 16 respectively, thus meeting the construction schedule on time.
It seems that with the wonders seen in crude oil prices last night, it’s unclear what the future holds for coal-based chemical industries and coal-to-oil production
Production remains unchanged while demand has shrunk significantly; the impact of delivery on the settlement date ============================== The price difference between current and forward contracts for crude oil is already higher than the historical average. Countries and even refineries are taking advantage of low oil prices to build strategic reserves and make purchases, but there is a limit to the amount of storage available. Analysts estimate that storage capacities around the world are either already full or about to be filled. Previously, the U.S. Energy Department reported that storage levels in Cushing were 69%, up from 49% four weeks earlier, and the pace of filling up the storage tanks was slower than the pace of oil production. Can it be placed on large oil tankers used for transporting oil? The rent for oil tankers capable of storing 2 million barrels of crude oil has risen sixfold, to $150,000 per day, with an average daily rent of $100,000. That is, assuming it’s still available for booking. The market now believes that refineries, storage facilities, pipelines, and ocean-going tankers are largely saturated. At the end of March, about 109 million barrels of oil were stored at sea, while the figure as of last Friday was 141 million barrels.
Without abolishing the fuel tax, coal-to-oil has no market competitiveness.
Should the fuel tax be removed only for coal-to-oil? ? Is this levied during the production stage? ?
Is there any idea that once alternatives to crude oil such as coal-to-oil products account for a certain proportion, fluctuations in crude oil prices will have little impact on the overall economy? ? For example, in 2008, crude oil prices remained above $100 for much of the time, reaching a peak of $150
Yes, no tax is imposed on coal-based chemical products, but fuel taxes are required for coal-derived petroleum products.