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China Drying Network News In the first three quarters of 2011, the national methanol plant operating rate was only about 50%, which was only ten percentage points higher than in 2009. The cumulative increase in methanol production in the first quarter of this year reached 17.5%, 2.3 percentage points higher than the apparent increase in consumption.

In fact, as early as three years ago, coal chemical industry was included in the list of redundant construction and overcapacity by the government. In 2009, the “Notice on Suppressing Some Opinions on Overcapacity in Some Industries and Duplicate Construction and Guiding the Healthy Development of Industries” issued jointly by the Development and Reform Commission and other departments (Gufa [2009] No. 38, hereinafter referred to as “Document No. 38”) pointed out: In the next three years We will stop approving coke and calcium carbide projects that simply increase production capacity. In principle, we will no longer arrange new pilot projects for modern coal chemical industries, and adopt large-pressure and small-capacity replacement technologies for ammonia and methanol.

The introduction of restrictive measures did, to some extent, reduce a certain amount of excess capacity. After 2009, small enterprises with an annual output of less than 200,000 tons of methanol in Yulin were eliminated.

However, the “2011 China Petroleum and Chemical Industry Economic Operation Report” released by the China Petroleum and Chemical Industry Federation at the beginning of this year pointed out: “In 2011, the operating rate of methanol, calcium carbide, polyvinyl chloride, and urea was still not high, and methanol and calcium carbide The expansion of production capacity such as urea has not stopped."

On the one hand, the overcapacity of traditional coal chemical products is still serious. On the other hand, new coal chemical industries such as “coal natural gas, coal-to-olefins, coal-to-oil, and coal-to-coal ether” with high added value and technical requirements are in short supply. At the same time, they are facing the risk of overheating investment.

Zhang Shaoqiang, vice president of the China Coal Processing and Utilization Association, told the First Financial Daily that methanol production is simple and production capacity is growing fast. Methanol, one of the most important raw materials for basic chemical products, is more prone to overcapacity. At the same time, many coal chemical companies have launched new coal chemical industries with high added value when the technology is still immature, but in the process, the technology has failed to lead to an excess of methanol in the intermediate product.

Shaanxi Yulin Natural Gas Chemical Co., Ltd. was acquired by Huadian Coal Group Co., Ltd., a subsidiary of China Huadian Group, and renamed Huadian Yulin Natural Gas Chemical Co., Ltd. (hereinafter referred to as “Yulin Tianhua”). In 2007, it established 1.4 million tons of coal for methanol production. The project, while also supporting 1.2 million tons of methanol-methyl dimethyl ether project. Now that the methanol project is about to be put into production, the late DME project has not started. The company’s internal staff explained to the media reporter that the project did not take into account market acceptance. Later, it discovered that the performance of the dimethyl ether blended product in the liquefied gas was unstable, and the product acceptance was limited. The project has been abandoned.

At the same time, more and more coal chemical companies, even coal and coal and electricity companies, are beginning to get involved in the new coal chemical industry. In northern Shaanxi, Yulin has laid out a coal chemical industry chain with a total investment of more than 300 billion yuan, and it is surrounded by new coal chemical projects of large state-owned enterprises such as Shenhua, Yankuang, Huadian, Shaanxi Coal, Datang, and China Coal. Shenmu Chemical's employees revealed that the company will launch a methanol 2PH (polypropylene heptanol) project next year.

Li Ye, director of the Energy Conservation and Technology Equipment Division of the National Energy Administration, publicly stated that the National Development and Reform Commission has received 104 coal chemical projects reported from all regions. If all of them start construction during the “Twelfth Five-Year Plan” period, the scale of investment will be as high as RMB 2 trillion. yuan. Many people in the industry believe that the new coal chemical industry will soon be blowout.

An employee of the Longmei Coal Group told reporters that the development of coal chemical industry by enterprises is a bit of a “snacks”. "For the sake of long-term consideration, we must first take down the project, and wait until conditions such as technology and capital are mature to develop."

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