Coal-to-ethanol is expected to usher in a period of rapid development

According to relevant plans, by 2020, the country will basically achieve full coverage of ethanol gasoline for vehicles
.
In addition to biofuel ethanol, the coal-to-ethanol industry in the coal chemical industry is also expected to benefit
.
Experts pointed out that coal-to-ethanol currently has certain cost advantages compared to biomass ethanol.
With the ever-widening gap in the supply and demand of fuel ethanol, the innovation of coal-to-ethanol technology is expected to open up a new path for the development of fuel ethanol, and it will usher in a rapid future.
Development period
.
?? Has cost advantages?? At present, there are two main process routes for domestic fuel ethanol: one is biomass fuel ethanol, which is expected to continue to enjoy the industry's growth dividend in the future; the other is coal-to-ethanol in the coal chemical industry, which is expected to become the next coal-to-oil , Coal-to-gas, coal-to-olefin, and coal-to-ethylene glycol, the next key development direction of coal chemical industry, and it will directly compete with biomass ethanol by virtue of its cost advantage
.
?? Orient Securities analysts believe that the cost advantage of coal-based fuel ethanol is obvious, which is 300 yuan to 800 yuan/ton lower than biofuel ethanol
.
Calculated at full cost, the cost of biomass ethanol is between 4700-5600 yuan/ton, and the cost of coal-based ethanol is generally between 4000-4200 yuan/ton
.
Even considering factors such as grain ethanol subsidies and consumption tax reductions, coal-based ethanol still has a significant cost advantage, with a cost difference of at least 300 yuan/ton, and a maximum of about 800 yuan/ton
.
Industry insiders predict that the future production capacity ratio of bioethanol and coal-to-ethanol will be about 3: 1.
China has abundant coal resources.
As of the end of 2016, the mineable coal reserves reached 1.
6 trillion tons, and the annual newly-proven reserves were 40 billion tons.
, With an output of 3.
36 billion tons, ranking among the top in the world
.
Considering the upgrading of refined oil quality and the goal of achieving full coverage of ethanol gasoline for vehicles nationwide by 2020, the demand for fuel ethanol will be effectively stimulated
.
The state adheres to the energy policy of "energy saving priority, domestically based, coal-based, and diversified development", vigorously develops the coal chemical industry, and lays the foundation for the future development of coal-to-fuel ethanol
.
The above-mentioned analysts believe that with the promotion of ethanol gasoline, the gap between the supply and demand of fuel ethanol will expand, which will effectively promote the standardization of coal-to-ethanol energy, and coal-to-ethanol will usher in development opportunities
.
?? Related companies benefit?? At present, the A-share company Xinghua Co.
, Ltd.
and the NEEQ company Zhongrong Technology are engaged in the coal-to-ethanol business
.
?? At the beginning of this year, the Shaanxi Yanchang Group's 100,000-ton/year syngas-to-ethanol industrial demonstration project opened up the entire process and produced qualified absolute ethanol
.
This is the world's first coal-based ethanol industrialization project jointly developed by the Dalian Institute of Chemical Physics of the Chinese Academy of Sciences and Shaanxi Yanchang Petroleum Group with independent intellectual property rights
.
This route uses non-precious metal catalysts, which is an environmentally friendly new technical route and lays a solid technical foundation for the development of fuel ethanol
.
?? Shaanxi Yanchang Group is the largest shareholder of Xinghua
.
The coal-to-ethanol plant of Yanchang Group has been operating stably for more than 6 months.
It adopts the dimethyl ether carbonylation route technology, which is far more economical than the previous acetic acid hydrogenation route.
Compared with the traditional grain-to-ethanol process, it has a cost advantage and a cost per ton.
Reduce by more than 35%
.
?? Zhongrong Technology began research and development of the acetic acid-to-ethanol project in 2009.
In July 2013, it put into production the first domestic production unit of 15,000 tons of acetic acid hydrogenation to ethanol, and it has been operating stably for more than 2 years
.
?? In August 2015, Zhongrong Technology began to build the first phase of the 100,000 tons production line of the 300,000 tons of acetic acid hydrogenation to ethanol project, and the second phase will build two 100,000 tons of absolute ethanol production lines, planned for 2018 It was completed and put into production in May of 2005
.
In December 2016, the company's self-developed project "Research and Industrial Application of Key Technologies for Efficient Utilization of Coke Oven Gas and Acetic Acid to Ethanol" passed the evaluation of scientific and technological achievements
.
?? The financial report shows that in 2016, the company produced 20,600 tons of absolute ethanol, with a sales volume of 20,500 tons.
The sales revenue of absolute ethanol was 95.
88 million yuan, and the gross profit margin was 24.
89%
.