my country's coal chemical investment is expected to exceed 500 billion yuan in 2020

"Global Coatings Network News"

"Global Coatings Network News"

The modern coal chemical industry, which has been quiet for a long time in China, has made a lot of movement again.

In addition to the 600,000 tons/year methanol-to-olefin project of Jiutai Energy (Zhungeer) Company, the 1.

Hubei Energy's 4 billion cubic meters/year coal-to-gas project was included in the national "13th Five-Year Plan" key project.

The most striking thing is that the national energy group, the leader of coal chemical industry, announced in a high profile that it will start the construction of the second and third direct coal liquefaction production lines in the near future to expand the scale of clean and efficient use of coal.

So, what is the difference between the second investment of modern coal chemical industry and the first round of investment boom at the beginning of this century? As we all know, modern coal chemical industry in China came into being and rose rapidly with the rapid rise of international oil prices at the beginning of this century.

But now the situation has changed.

There is also an international environment factor that should not be underestimated.

According to this logic, in the past ten years or so, out of considerations of environmental protection, water resources, technology, etc.
, the country has been restraining and suppressing the development of modern coal chemical industry.
However, with the sudden change of the international environment, whether the policy will make relatively large adjustments, it is fascinating.
Recently, modern coal chemical projects have been approved and released in a centralized manner.
Will the policies on taxes, fees, resources, innovation, etc.
be followed up later? Let us wait and see.

What needs to be pointed out is that in the new round of modern coal chemical investment boom, coal (methanol) to olefins dominates, which is the market's choice.
In the later period, if oil prices continue to rise, coal-to-ethylene glycol, coal-to-gas, coal-to-aromatics, and coal-to-ethanol will also bloom for the second time and move toward the foreground.

What needs to be pointed out is that in the new round of modern coal chemical investment boom, coal (methanol) to olefins dominates, which is the market's choice.
In the later period, if oil prices continue to rise, coal-to-ethylene glycol, coal-to-gas, coal-to-aromatics, and coal-to-ethanol will also bloom for the second time and move toward the foreground.

Modern coal chemical industry is a sharp weapon for China to hedge against international oil risks.
What's more, after more than ten years of hard work, modern coal chemical industry has changed from the past in terms of technology and technology, safety and environmental protection, economy, and product performance.
Therefore, "being confident before investing and making money after investing" is likely to become a new label for this round of modern coal chemical investment boom.