Shanxi Luan Chemical Co., Ltd. has recently been listed, and Shaanxi and other places are planning new coal chemical projects this year. The acceleration of investment in the coal chemical industry, analysts said that by 2020, China's coal chemical investment is expected to exceed 500 billion yuan.
Coal Chemical Investment Acceleration
After the establishment of Shanxi Luan Chemical Co., Ltd., it is mainly engaged in the production, transportation and sales of coal and coal chemical products. The company will select companies with transformation conditions and transformation needs both inside and outside the province as a cooperative transformation project. It will produce 800,000 tons of cobalt-based Fischer-Tropsch synthesis capacity and 400,000 tons of fully-synthesized lubricant base oil production capacity in 3 years or so. Lubricant production base. By the end of the “Fourteenth Five-Year Plan†period, the proportion of the chemical sector in the Luan Group and even the entire Shanxi economic scale has further increased.
Coal chemical industry is a coal-based raw material that has been converted into gas, liquid, solid fuel, and chemicals through chemical processing to produce a variety of chemical products. Coal chemical industry includes traditional coal chemical industry and new coal chemical industry. Traditional coal chemical industry includes coal coking, coal carbide, coal synthetic ammonia (fertilizer) and other fields. The new coal chemical industry includes coal to methanol, coal to olefins, coal to natural gas, lignite upgrading, coal to ethylene glycol and coal to oil.
Since last year, coal chemical industry investment has accelerated. Some coal-producing governments and enterprises have increased investment in coal chemical industry.
Shandong has announced that it will build Lunan National Coal Chemical Industry Demonstration Base. Shaanxi plans to start 10 new energy and chemical projects in 2018 with a total investment of over 100 billion yuan, mostly modern coal chemical projects.
Zongshang Securities analyst Wu Dongdong told the China Securities Journal that the coal chemical industry has picked up since last year and the number of reported projects has increased. Some orders for coal chemical equipment companies have increased significantly.
Wu Dongdong said that with the continuous increase in the prices of various chemical products and the upgrading of coal chemical technology, the economic efficiency of the coal chemical industry has been enhanced, which has attracted more investment. In addition, in the context of the coal companies' capacity reduction, the profitability of coal enterprises has improved, the company’s cash flow has improved, and it has also been able to carry out capital expenditures. Many factors contributed to the earthquake and prompted the coal chemical industry to accelerate investment.
Or meet the one hundred billion market
According to industry sources, there is a huge market gap for new coal chemical products. The methanol, olefins, natural gas, ethylene glycol, and oil products involved in the new coal chemical industry are all essential basic chemical products for economic development. Currently, these products are mainly prepared through domestic petrochemical and new coal chemical companies, as well as from abroad. import. Due to the shortage of oil resources in our country and the impact of rising oil prices, the new coal chemical industry will become the main force to fill the gap in domestic demand.
Wu Dongdong said that the order status of the coal chemical industry was very good last year, and it is expected that this year’s related businesses’ revenue and profits will increase significantly. Zheshang Securities expects that by 2020, China's coal chemical investment is expected to exceed 500 billion yuan. Coal chemical investment accounts for about half of the equipment, and future equipment investment will be nearly 300 billion yuan.
China Coal Energy's operating data for January showed that the company's polyethylene production in January was 56,000 tons, with sales of 61,000 tons, up 80.6% and 154.2% year-on-year; polypropylene production was 61,000 tons and sales volume was 56,000 tons, up 110.3% year-on-year, respectively. 229.4%.
Hangzhou Oxygen Co., Ltd. is one of the manufacturers of air separation equipment for the Shenhua Ning coal-to-coal oil project. The company's performance report showed that Hangzhou Oxygen Co., Ltd. achieved a net profit of 344 million yuan in 2017, which was a loss in the same period of last year. The company stated that with the recovery of the air separation equipment market in the second half of 2016, the company’s orders for air separation equipment undertaken in 2016 were significantly higher than those of 2015. As a result, operating revenue from air separation equipment in 2017 was significantly higher than that of 2016.
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