Energy giant coal industry "enclosure" busy

With the announcement of Shaanxi Yanchang Petroleum Group Corporation, its subsidiary company, Shaanxi Xinghua Group, 300,000 tons/year coal-to-synthetic ammonia cogeneration 300,000-ton/year methanol technical transformation project is ready and will start construction before and after the Spring Festival. The four oil companies that have the right to explore and extract oil and gas in China have all been involved in the coal chemical industry. With the help of electric power companies and coal companies, the energy giant's “staking races” in the coal chemical industry are in full swing.
“China and the world’s oil and gas resources are increasingly depleted, mining is becoming more difficult, and coal resources are relatively abundant. It is only when developing petrochemicals that they lose no opportunity to develop coal chemical industry. The development of oil companies has no worries.” Talking about the advancement of oil companies The reason of coal chemical industry, said the person in charge of Shaanxi Yanchang Group.
Sinopec is the first major oil and gas company to enter the coal chemical industry. Since 2000, the company has spent huge sums of money on its four oil and fertilizer companies to "coal replace oil." Now, they clearly stated that it is necessary to shift some of their focus to the coal chemical business and hope to work hard in this relatively unfamiliar area. The coal chemical strategy formulated by Sinopec is "upstream and downstream integration," and for this reason, in addition to continuing to strengthen cooperation with domestic coal companies, they are also stepping up their independent "enclosures." In the future, they will invest more than 50 billion yuan in Xinjiang to develop coal. Mining and coal chemical projects.
In August of last year, PetroChina signed a letter of intent with Inner Mongolia Energy Corporation to jointly launch the Inner Mongolia Coal Chemical Project and become the second oil company to enter the coal chemical industry. A month later, CNOOC established the China Ocean Chemical Jincheng Joint Venture in Jincheng, Shanxi Province, and jointly invested 4 billion yuan to build a national single set of 600,000 tons/year of synthetic ammonia and 1.04 million tons/year urea projects; in October last year, CNOOC’s China Panhai Holding Co., Ltd., with a total investment of 22.8 billion yuan, started the large-scale coal chemical project of Tumerteyou Qi, Baotou City, Inner Mongolia. The phase 1 project reached 1.8 million tons of methanol annually.
The oil giants have fully advanced into the coal chemical industry, and the power giants are not far behind. In March 2006, Datang International Power Generation Co., Ltd. invested 16.2 billion yuan in the MTP project in Duolun County, Inner Mongolia, and started the first strike of the power company into the coal chemical industry. Since then, the five major state-owned power groups have entered the coal chemical industry faster than one.
In September last year, China Huaneng Group Xinjiang Energy Development Co., Ltd. was established. One of its goals was to accelerate the process of coal chemical projects in the eastern part of Junggar. Subsequently, Huaneng Group also launched several large coal projects with local governments and related companies in Jilin and Ningxia respectively. Chemical project; In November last year, China Power Investment Corporation signed an agreement with the government of Ningxia Autonomous Region, planning to invest tens of billions of yuan in the construction of coal chemical projects in Ningdong Energy and Chemical Industry Base from 2008 to 2015, and set up energy development in the Daxinganling area in December. The company was involved in the local coal chemical industry. At the end of last year, the Guodian Group's coal-based 300,000 tons/year synthetic ammonia and 520,000 tons/year urea projects were started in Chifeng, Inner Mongolia. Counting the coal chemical projects previously established by Huadian Group in Yunnan, Guizhou, and Ningxia, by the end of last year, all five state-owned power companies had “marriage” with coal chemicals.
Compared with the “distant relatives” of coal such as oil and electricity, the coal giant, which is a coal-to-professional chemical company, has shown great promise. In August 2004, the Shenhua Group's Inner Mongolia Ordos coal-to-oil project with a total capacity of 5 million tons/year started construction, which opened the prelude of coal giants to advance into coal chemical industry, which is also the largest coal-to-liquid project in China. Subsequently, Yankuang, Luan, Yitai and other coal companies also launched indirect coal-to-oil projects in Shanxi, Inner Mongolia, Ningxia, and Shaanxi. The large-scale coal groups such as Shanxi Coal, Lanzhou, Yongmei, Hebi, Pingmei, Datong, and Wanbei coal and electric power have all developed in depth in the field of coal chemical industry by means of restructuring, equity participation, holding, or direct investment and construction.
Shaanxi Coal Industry Group, the largest coal enterprise in Shaanxi Province, has currently included Shanxi Suihua Group, Shanhua Group, and Shaanxi Jiao Company under its leadership and established Shaanxi Coal Chemical Group Corporation. With the commencement of its coking coal production of 700,000 tons/year and 1 million tons/year of dimethyl ether, by 2010, the annual output of Shaanxi Coal Chemical Industry Group will exceed 5 million tons, and the annual sales revenue will exceed 500. Billion yuan will become the nation's leading coal chemical company.
A CEO of a coal company calculated a report for the reporter: A ton of coal priced less than 300 yuan, the price of a ton of methanol is as high as 3,000 yuan, even if calculated as 1.5 tons of raw coal, 1 ton of fuel coal to produce a ton of methanol, coal After making methanol, a ton of coal will also add more than 900 yuan. If we extend the industry chain, there will be more value added. "Since it is profitable, why do we only dig coal to sell coal instead of operating coal chemical products?" he said with a smile.

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