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    Home > Organic Chemistry Topics > Organic Chemistry Project > Shaanxi Black Cat’s original chemical coke-to-methanol coal-to-methanol pattern may be broken

    Shaanxi Black Cat’s original chemical coke-to-methanol coal-to-methanol pattern may be broken

    • Last Update: 2022-03-02
    • Source: Internet
    • Author: User
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    The pattern of coal-based methanol "topping the ground" may be broken
    On February 19, Shaanxi Black Cat issued a plan for non-public issuance of stocks (hereinafter referred to as the "fixed increase plan").
    The total amount of funds to be raised will not exceed 2.
    5 billion yuan.
    After deducting the issuance cost, it will be used for the first coking transformation demonstration project Period project

    The fixed increase plan shows that the above-mentioned project will achieve an annual output of 1.
    8 million tons of methanol, 210,000 tons of liquefied natural gas (LNG), and 160,000 tons of ammonium bicarbonate.
    The total investment of the project is as high as 5.
    012 billion yuan

    An insider of Shaanxi Black Cat told reporters that the total investment of the project is 5 billion yuan, part of which comes from the raised funds, and the remaining funds are raised by the company; and the 5 billion yuan investment is not all invested at once, but is invested in stages

    Shaanxi Heimao intends to invest 5 billion in chemical coke production of methanol and LNG.
    What has attracted the attention of the capital market is that Shaanxi Heimao does not use coal to produce methanol, nor does it choose natural gas to produce methanol, or coke oven gas to produce methanol, but uses chemical industry.
    Jiao Lai produces methanol and LNG; the insider said that this process route is the first in China

    Coking companies have a loss of 56%.
    Coke is one of the main businesses of Shaanxi Black Cat, with a production capacity of 6 million tons per year.
    It ranks among the top independent coking companies in the country.
    However, in the context of the overall profitability of the coking industry, Shaanxi Black Cat The coke business was also greatly affected, which dragged down the overall performance

    Shaanxi Black Cat previously issued an announcement stating that, after preliminary calculations by the company's financial department, it is expected that there will be a loss in 2015's annual operating results, and the net profit attributable to shareholders of the listed company will be about -258 million yuan

    In this regard, one of the reasons given by Shaanxi Black Cat is that due to the impact of the market environment in 2015, the market prices of major products have fallen

    From 2012 to 2014, the average market price of coke dropped from 1857 yuan/ton to 960 yuan/ton, a drop of 48.
    3%, and by early September 2015, it further dropped to 755 yuan/ton

    A few days ago, the China Coking Industry Association announced the average price of major coking products nationwide in January 2016, of which the price of main coking coal was only 534 yuan/ton.

    Cui Pijiang, President of the China Coking Industry Association, bluntly stated that the operating efficiency of independent coking companies is continuing to diverge, and the shortage of funds is showing a further deteriorating trend.
    The main contradiction of the industry is to resolve excess capacity; at the same time, serious excess capacity and severe market competition have prompted some The reluctance of enterprises to withdraw is the general trend and inevitable

    According to statistics, in 2015, the profits realized by enterprises above designated size in the coking industry dropped from 17.
    877 billion yuan in 2011 to a loss of 9.
    945 billion yuan from January to October 2015, and the company's losses reached 56%.
    Coal industry analyst Guan Dali, etc.
    Industry insiders told reporters that on the one hand, 85% of China’s coke products are used in the production of the steel industry.
    Due to the continued weakness of the downstream steel industry, the price of coke has continued to decline; on the other hand, as the main raw material for coke, the price reduction of coking coal lags behind and the rate of decline is lower.
    Coke has brought coking companies into a period of meager profit, and many coking companies have experienced cost inversions

    In order to reverse the profit and loss pattern of the original chemical coke production, coking companies are optimizing and upgrading their industrial structure.
    Shaanxi Black Cat is undoubtedly the vanguard of this transformation and upgrading army

    On February 19, Shaanxi Black Cat stated that it plans to raise no more than 2.
    5 billion yuan for the construction of the first phase of the coking transformation demonstration project.
    The total investment of the project is as high as 5.
    012 billion yuan; the initial construction site is Hancheng, Shaanxi.
    And the surrounding areas, because there are sufficient coking coal resources and coke production capacity

    An insider of Shaanxi Black Cat revealed to reporters that the company currently has 6 million tons/year coke production capacity, which is basically metallurgical coke.
    In the future, some metallurgical coke can be changed into chemical coke for the production of methanol.
    This technical difficulty is not high.
    However, this process route is a new type of process route, which is still the first in China

    It is understood that there are a large number of methanol production enterprises in China, but the industry concentration is low.
    About 65% of the production capacity is coal-based methanol, followed by natural gas-based methanol and coke oven gas-based methanol

    But these three process modes are encountering development bottlenecks

    Due to the continuous improvement of environmental protection and energy consumption standards, the state prohibits new coal-to-methanol projects with an annual output of 1 million tons or less, and coal-to-methanol projects with an annual output of more than 1 million tons are approved by the investment department of the State Council; and the national energy strategy also It is clearly stated that the proportion of coal consumption by 2020 should be less than 62%, which further limits the increase in coal-to-methanol production capacity

    At the same time, for natural gas to methanol, gas sources and gas prices have long restricted the development of its production capacity; and coke oven gas to methanol is also limited to front-end coke production due to its raw material gas, so it is difficult to form large-scale production

    Based on the above reasons, Shaanxi Black Cat has “developed a unique way” and adopted the pressure gasification of chemical coke to produce methanol and co-produced LNG.
    Shaanxi Black Cat said that compared with coal to methanol, it extracts by-products such as crude benzene and tar in the production process of chemical coke.
    , Chemical coke as raw material is cleaner than coal; at the same time, the gas water formed by coke gasification basically does not contain tar and phenolic substances, the raw gas purification process is relatively simple, and the solid dust produced by coke gasification is less In addition, compared with coal to methanol, it also has certain cost advantages, and the environmental protection situation is also better than that of the direct coal gasification process

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