The Wansheng Coal Chemical CO2-to-dry-ice project was successfully put into operation
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On July 20, the new dry ice production facility at Chongqing Wansheng Coal Chemical Co., Ltd. (abbreviated as Dongfang Hope Wansheng Coal Chemical), with an annual production capacity of 8,000 tons of food-grade carbon dioxide for dry ice production, began to manufacture qualified dry ice products. The carbon dioxide to dry ice project is an extension of the industrial chain for the project that recovers exhaust gases from the low-temperature methanol washing process at Wansheng Coal Chemical to produce 80,000 tons of carbon dioxide per year. It was established by Wansheng Coal Chemical in response to market demands and the company’s favorable production conditions. Construction of this project began in June of this year, and it was put into operation within just 1 month. The commissioning of this project has brought new economic benefits to Wansheng Coal Chemical, marking a solid step forward in the company’s efforts to expand its industrial chain and pursue transformation and upgrading toward higher quality and greater sophistication.
It’s just that the industrial chain becomes longer; carbon remains carbon, and emissions still occur, but they are now emitted by other companies.
Well, it’s this very issue – solving the problem of carbon capture
Is the price of carbon dioxide set to keep rising? Data from Longzhong shows that as of July 21, the average national price of carbon dioxide reached 670 yuan per ton, representing a 68.77% increase compared to the average price of 397 yuan per ton on July 1. Although some production facilities in the northern region have resumed operation in the past two days, thereby slightly easing market supply, upstream raw material gas plants such as Cangzhou RenGuo, Shandong Hualu Hengsheng, and Shandong Lianmeng have also entered maintenance periods recently. The additional shutdowns of carbon dioxide production facilities will once again affect market conditions. On the downstream side, there is an increase in the demand for oil displacement fluids in oil fields in Hebei and Shandong, and products such as dimethyl carbonate and propylene carbonate are in high demand. Industries such as dry ice-based cold chain transportation and the beverage and beer sector are also in their peak production periods, providing strong support for the carbon dioxide market. Overall, the carbon dioxide market is facing tight supply and rising demand, and it is likely to continue to show an upward trend in the near future.
As of July 22, the average domestic price of carbon dioxide was 620 yuan per ton, up by 40 yuan per ton compared to the previous weekend. In the Guangdong region, it has reached 1,100 yuan to 1,400 yuan per ton. Industry chain research shows that, due to rising temperatures and environmental regulations restricting production, there is a shortage of carbon dioxide feed gas supply. It is currently the peak season for the carbon dioxide industry, with strong demand from downstream industries. Huachuang Securities notes that, supported by strong demand from downstream sectors and manufacturers’ reluctance to sell due to low inventory levels, carbon dioxide prices are expected to continue rising.
By recycling and purifying the carbon dioxide generated in its production processes, Sinopec Shanghai Petrochemical supplies approximately 100,000 tons of food-grade carbon dioxide to society each year. Carbon dioxide is a by-product of the ethylene glycol complex plant in the company’s chemicals division. Since 1996, Sinopec Shanghai has attempted to collect waste carbon dioxide and transport it to Sinopec Shanghai Iwaki Gas Development Co., Ltd., where it is further purified to produce food-grade carbon dioxide with a purity of over 99.99%. Currently, Iwata has two food-grade carbon dioxide production lines, with an annual output of about 100,000 tons. Among them, Coca-Cola’s factory in Shanghai purchases around 10,000 tons of food-grade carbon dioxide from Sinopec Shanghai every year, which is sufficient to meet the production needs for 1.1 billion bottles of Coke. Meanwhile, another approximately 90,000 tons of food-grade carbon dioxide is used in the production of edible dry ice and other industrial applications. In the early part of this month, Shanghai Petrochemical’s approach to recycling carbon dioxide attracted media attention, helping to establish a positive public image for the company. (End)
Keeping pace with **policies, the 3060 plan. Additionally, if it is discharged directly into the atmosphere, that amount will be lost – 8,000 tons per year – and there would be no revenue generated.
Currently, there are around 40 CCUS demonstration projects in China; this was **planned a long time ago, and Sinopec Shanghai is outstanding in this regard**
Shanghai Petrochemical is a benchmark enterprise; it surely took action early, and it also has the support of its parent company