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2020 China Coal To Olefins Need To Invest 250 Billion Yuan

November 23, in the second session of the coal to olefins economic and technical seminar

, China Shenhua Coal Liquefaction Co.,CAS 3391-83-1, Ltd., said a high-level, according to the relevant national development plan (draft), 2020 China's coal industry will olefins the formation of 10 million tons / year production capacity. According to the plan if the implementation of investment potential, need to invest 250 billion yuan.

He said that at present China's coal liquefaction, indirect coal liquefaction, coal, methanol / dimethyl ether, coal-to-olefin (MTO / MTP), ethylene glycol coal,Musk R-1 supplier, coal gas, IGCC and other technical line item, are construction large-scale demonstration project, as the project gradually put into trial operation, proven, will have application conditions.

"China Coal Chemical Industry has been incorporated into the national long-term development plan, announced by the Chinese government," the coal industry, "Eleventh Five-Year" development plan "clearly put forward to steady progress in coal chemical demonstration projects. Large-scale, base and specialized Construction of business model will become the development trend of coal chemical industry now. "the senior source said.

In addition, he also said that by 2010, will add nearly 8.6 million tons of methanol production capacity / year, 1.48 million tons of coal oil / year, 1.55 million tonnes of coal to olefins / year.


The source said that China has become the largest methanol production and consumption growth in the country, currently under construction device, approved to be built, plans to build the capacity of the total 57.21 million tons / year, if these items can be fully implemented,Musk R-1 price, will be close to the current total world production capacity.

He said that by 2010 China's methanol production capacity will reach 37.2 million tons, estimated at 85% capacity utilization, output will reach 31.6 million tons. Net consumption of 1,070 tons of traditional 2.45 million tons of gasoline and methanol,Musk R-1, DME production consumed 4.3 million tons, consumed 5.15 million tons of methanol to olefins, there are 900 million tons of surplus.

He believes that an oversupply of Chinese methanol market trends, the development of methanol to olefins can develop downstream products chain of coal chemical industry to achieve an extension of the petrochemical industry.

Source: http://www.mhcfm.com

by: ddew
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