On July 14, the National Development and Reform Commission issued the “Circular on Strengthening the Management of Coal Chemical Industry Projects and Promoting the Healthy Development of Industriesâ€, and proposed restrictions on the scale of coal oil, methanol, dimethyl ether, and coal to olefin projects. The company quickly adjusted investment behavior to meet the requirements of the national coal chemical industry policy.
On July 20, the listed company Xindazhou announced that the company had registered and established Inner Mongolia New Energy Technology Co., Ltd. in Yakeshi, Inner Mongolia on January 6 of this year to carry out negotiations on local investment in energy projects, including coal Methanol project. However, after investigation by experts, it is believed that the project will face the situation of oversupply of products in the next few years, and the cost of transportation for building a factory in the local area is high and the competitive advantage is not obvious. Therefore, the negotiation of the project is terminated. At present, the company does not have a methanol project under construction. Previously there was news that the 1.2 million tons of methanol project in Xin Da Zhou was launched at the end of last year and it was one of the major coal-based new energy projects of listed companies in recent years.
On July 21, Hubei Encyclopedia Pharmaceutical Co., Ltd. issued an announcement on obtaining a 1 million-ton-per-year fuel-grade dimethyl ether record card, saying that when preparing the “Eleventh Five-Year Planâ€, the company will have 1 million tons of dimethyl ether. As a reserve project, the project applied for the record to the Jingmen Development and Reform Commission. Prior to this, the scale of the project announced by the company was 100,000 tons. From the scale of 100,000 tons to the scale of 1 million tons, it is apparent that this is related to the "Development and Reform Commission" that "generally should not approve" methanol and dimethyl ether projects with an annual output of less than 1 million tons.
According to industry insiders, it is wise for companies to quickly adjust their investment intentions according to the “Noticeâ€. Take methanol as an example. In 2005, China's production was 5.36 million tons (including 3.5 million tons of methanol from coal). Currently, the scale of methanol under construction is close to 9 million tons, and there are more than 10 million tons of planned and planned production capacity. If all these projects are put into effect, it will inevitably cause a large excess of production capacity. However, not all companies are so sensible. It is understood that some coking enterprises in Shanxi are still planning a coal tar processing project of about 100,000 tons.
It is understood that the listed companies in China currently involved in coal chemical projects include Shanxi Coking, Antai Group, Shanxi Three-dimensional, Yunwei Stock, Weiwei, Taigong Tiancheng, Liuhua, Hualu Hengsheng, Tianfu Thermoelectricity and Orchidaceae. Chuang et al. These companies are also considering the adjustment and rectification of the proposed and ongoing projects.
On July 20, the listed company Xindazhou announced that the company had registered and established Inner Mongolia New Energy Technology Co., Ltd. in Yakeshi, Inner Mongolia on January 6 of this year to carry out negotiations on local investment in energy projects, including coal Methanol project. However, after investigation by experts, it is believed that the project will face the situation of oversupply of products in the next few years, and the cost of transportation for building a factory in the local area is high and the competitive advantage is not obvious. Therefore, the negotiation of the project is terminated. At present, the company does not have a methanol project under construction. Previously there was news that the 1.2 million tons of methanol project in Xin Da Zhou was launched at the end of last year and it was one of the major coal-based new energy projects of listed companies in recent years.
On July 21, Hubei Encyclopedia Pharmaceutical Co., Ltd. issued an announcement on obtaining a 1 million-ton-per-year fuel-grade dimethyl ether record card, saying that when preparing the “Eleventh Five-Year Planâ€, the company will have 1 million tons of dimethyl ether. As a reserve project, the project applied for the record to the Jingmen Development and Reform Commission. Prior to this, the scale of the project announced by the company was 100,000 tons. From the scale of 100,000 tons to the scale of 1 million tons, it is apparent that this is related to the "Development and Reform Commission" that "generally should not approve" methanol and dimethyl ether projects with an annual output of less than 1 million tons.
According to industry insiders, it is wise for companies to quickly adjust their investment intentions according to the “Noticeâ€. Take methanol as an example. In 2005, China's production was 5.36 million tons (including 3.5 million tons of methanol from coal). Currently, the scale of methanol under construction is close to 9 million tons, and there are more than 10 million tons of planned and planned production capacity. If all these projects are put into effect, it will inevitably cause a large excess of production capacity. However, not all companies are so sensible. It is understood that some coking enterprises in Shanxi are still planning a coal tar processing project of about 100,000 tons.
It is understood that the listed companies in China currently involved in coal chemical projects include Shanxi Coking, Antai Group, Shanxi Three-dimensional, Yunwei Stock, Weiwei, Taigong Tiancheng, Liuhua, Hualu Hengsheng, Tianfu Thermoelectricity and Orchidaceae. Chuang et al. These companies are also considering the adjustment and rectification of the proposed and ongoing projects.
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