Investment enthusiasm rises again and coal chemical industry urgently needs cooling

    With the new round of international oil prices running high, the original indifferent preparations for coal chemical industry bases once again boasted again. The provinces and cities of Shanxi, Anhui and Yunnan have thrown up Zhuang language and actively prepared to establish a world-class coal chemical industry base. With the new round of international oil prices running at a high level, there are once again a lot of indifferent preparations for setting up coal chemical bases everywhere. The provinces and cities of Shanxi, Anhui, and Yunnan have thrown up Zhuang language and actively established a world-class coal chemical industry base. This is obviously just wishful thinking. Because there are few approvers in many projects that are launched, unless the local governments or enterprises “simulate” Xinfeng Power Plant, they will be in a long queue.
    The investment enthusiasm rose again in March, and news of investing in coal chemical industry competed. On March 21, Hua Xia Bank and Yunnan Coal Chemical Group signed the "Comprehensive Strategic Cooperation Agreement." According to the agreement, the former will provide 4 billion yuan to the latter for financial support. On the same day, Fujian Thumb Industrial Group registered Dacheng Technology Co., Ltd. in Jimsar County, preparing to spend RMB 3 billion to invest in coal chemical industry in Xinjiang.
    Almost at the same time, Anhui Huainan coal chemical base was approved by the National Development and Reform Commission. According to the provincial plan, by the year 2020, a total investment of 71.2 billion yuan will be completed, forming a large-scale coal chemical base with an annual processing capacity of 25 million tons of raw coal. Three days later, Guanghui Co., Ltd. is also preparing to issue additional shares, raising total funds of 2.5 billion yuan to invest in an annual output of 1.2 million tons of methanol and 800,000 tons of dimethyl ether coal chemical projects.
    "The issue of coal chemical industry is very complicated and very few projects have been approved so far." Han Wenke, director of the Energy Research Institute of the National Development and Reform Commission, emphasized in an interview with reporters that many local governments and enterprises are trying to build a large-scale project. World-class coal chemical base, "This is just a good vision."
    Just in the second half of last year, the National Development and Reform Commission urgently halted the coal liquefaction project and raised the threshold for entry. Since then, the National Development and Reform Commission has issued an industrial policy on coal chemical industry, among which there are seven coal chemical industry bases. However, there are no detailed plans on how to implement the indicators of various places and companies.
    The original intention of the National Development and Reform Commission is to first observe the development of coal chemical industry in Shenhua and Yankuang, and then examine and approve the projects reported from all over the country. Investors apparently do not think so. Despite the prudence of the National Development and Reform Commission, the enthusiasm of investing in coal chemical industry has not cooled down. Instead, the international oil price has been operating strongly, especially if the oil price is higher than US$ 40 a barrel. Advocated, it has become increasingly fierce.
    The status quo of the swarm is no matter what the scale is, the places and companies are looking forward to it. They are looking forward to being approved by the National Development and Reform Commission, even if the financial strength of the investment subject is doubtful. Chen Yafei, a researcher at the Beijing Branch of the Institute of Coal Science and Technology, believes that "coal oil and olefins are not small and medium-sized enterprises that can do it. According to the national scale of not less than 3 million tons, a project needs at least 30 billion yuan. Therefore, only Shenhua and Hefei Mines and other large enterprise groups can really enter these areas."
    The Yunnan Coal Chemical Group, which has just received financial support from Hua Xia Bank, has a grand blueprint for development. The project is divided into five product lines: coking, chemical fertilizers and inorganics, carbon-fuels, fuel chemicals, synthetic materials, and methanol-to-olefins. Downstream integrated coal chemical base. Including 2 million tons of coking project, 2.5 million tons of methanol to olefins project and 200,000 tons of acetic acid project.
    “The National Development and Reform Commission is indeed very cautious in approving new projects. Therefore, we have increased investment according to existing projects.” When the reporter asked whether the coal chemical project that was launched had passed the approval of the National Development and Reform Commission, the above-mentioned group company office One of the staff members seemed to be particularly cautious.
    However, under the circumstances where the national coal chemical industry policy is not yet clear, many provinces and enterprises have begun to change their irrational situation and revisit the coal chemical industry. Wang Guoping, director of the Henan Provincial Environmental Protection Bureau, said: "From this year onwards, Henan Province will list potential projects with excess capacity for biofuels such as ethanol and coal chemicals as environmental admittance and strictly control the approval targets."
    In order to fundamentally eradicate the crisis, Henan Province has also placed a dose of potion. Henan will impose punitive measures of "regional limited approval" and "industry limited approval" for environmental violations that have not been approved for construction in advance or violate the "three simultaneous" system - where there have been more than two unlicensed prefectures (cities, districts). The construction of illegal construction projects will suspend the approval of all construction projects in the project location; in the provincial municipality, a violation of the national industrial policy will suspend the approval of all construction projects in the province's municipality where the project is located, until the rectification is in place.

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