China's hottest coal olefins continue to develop,

2022-08-08
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With the continuous development of coal olefins in China, considering the technology output, the use of coal chemical technology in China has become an important source of plastic raw materials. Analysts raised the possibility of technology output at the recent industry conference held in Singapore

in some remote areas with rich coal reserves in China, coal chemical enterprises have successfully converted coal into olefins at the price of US $per ton, but the environmental impact of this technology is still controversial, and there are also problems about how to deliver it to product enterprises located in coastal areas at a low cost through logistics

at least this is the consensus reached by industry representatives and analysts at the Asian chemicals conference hosted by IHS chemicals in Singapore on November 5-6

Pang Xiongying, vice president of IHS chemicals in Greater China, said that China has 10.1 billion pounds [4.58 million tons] of coal to olefin plants put into operation, and another 15.3 billion pounds [6.96 million tons] of capacity is under construction, which is scheduled to be put into operation in the next two years. In addition, it plans to add another 33.1 billion pounds [15 million tons] of capacity

he said that by 2020, 40% of China's olefin production will come from unconventional raw materials, such as methanol, coal and propane dehydrogenation

he said: "this will be higher than 20% in 2015. Just five years ago, 2. Model: jb-w300cyz almost had few olefins from unconventional sources."

he said that even though crude oil prices have fallen sharply, China's coal chemical plants are still operating at full capacity and profitable, resulting in cheaper hydrocarbon raw materials

Pang Xiongying said that he visited almost all coal to olefin plants in China, which were clean and tidy, but he admitted that he was worried about carbon dioxide emissions

he also raised the possibility of China's export of coal to olefin technology. Other participants believed that this view was consistent with China's plan to develop a new Asian infrastructure investment bank as a source of technology export

delegates proposed that Asian countries rich in coal resources, such as Indonesia, and some countries in Eastern Europe, would benefit from improved Chinese technology

According to this analysis, the Chinese government takes this technology as a means to help relatively backward economies avoid debt payment default and indirectly help them solve their financial problems

a Western analyst attending the meeting, who declined to be named because of the sensitivity of the Asian investment bank, said that coal chemical industry can be regarded as a good way to help countries reduce energy imports

in an interview with plastics during the meeting, Pang Xiongying said that China's investment in coal based liquids and chemicals may slow down

in his prepared comments, he mentioned that IHS believed that romeodecastro, global product marketing manager of unconventional NVIDIA engineering plastics, said that olefin investment would hit a new high this year, with a total project volume of more than 20billion US dollars

some delegates also raised questions about the environmental impact of coal to olefin technology, including the disposal of sludge from CTO plants, but these speakers declined to be named because it would be too sensitive to make such remarks publicly on behalf of their companies

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