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Before 2014, the price of crude oil was high, and China was limited by the types of resources rich in coal, poor in oil and little in gas, resulting in a high investment in domestic coal-to-olefin projects in recent yea.
In 2019, following the official production of Jiutai in Inner Mongolia, another coal-to-olefin project, the Zhongan United Coal Chemical Integration Project, was put on the agen.
According to the statistics of Zhongyu Information, until the Zhongan United PE plant is put into operation, the domestic coal-based PE production capacity will reach about 17 million tons, accounting for about 27% of the total domestic PE production capaci.
From the perspective of production capacity distribution, coal (methanol) to olefins are mostly concentrated in the northwest region, and in recent years, there have been installations in coastal are.
From the perspective of production structure, coal-based PE production adjustment is more flexib.
So, after the Zhongan United plant is put into operation, what has changed in the domestic PE pattern? From the geographical point of view, Zhongan United is located in East China, and the consumption of PE in East China ranks first in the count.
Zhong An United is about to join the coal-based polyolefin te.