On the 18th, Wang Xiaofeng, deputy director of the Industrial Development Department of the China Petroleum and Chemical Industry Association, told reporters: “Not all coal chemical projects are surplus. However, according to the actual operation results of Huiguan and other demonstration projects, we can judge whether we should promote coal on a large scale. Natural gas commercial projects."
The Huieng Project is the first coal-to-natural gas project approved by the National Development and Reform Commission and the second one officially approved by the National Development and Reform Commission following the 4 billion cubic meters/year coal-based natural gas project of Datang Inner Mongolia’s Keshiketengqi. Large-scale coal-to-gas projects. The total investment of the project is 8.87 billion yuan, and the design and production of synthetic natural gas is 1600 million cubic meters per year. The construction site is located in Ejin Holo Banner, Ordos City, Inner Mongolia.
The report submitted by the Ordos Development and Reform Commission in 2008 shows that the construction period of the project is two years. Hui Neng will raise RMB 2.81 billion as project capital, and the remaining RMB 6.56 billion will apply for bank loans. It is estimated that after the project is completed and put into production, the average annual sales income will be 2.28 billion yuan, and the average annual profit will be 510 million yuan.
Hui Neng Group is a private enterprise in Ordos, Inner Mongolia. In 2008, the production and sales volume of coal reached 15 million tons, achieving a total sales income of 6.8 billion yuan. It has now formed a coal production capacity of 23 million tons/year, plus the 8 million tons/year of production capacity under construction, will reach a production capacity of 31 million tons/year in the near future.
In fact, the Huineng Group had already got a “road†last year. As one of the three demonstration projects included in the national plan, the NDRC issued a document authorizing it to carry out its preliminary work. However, people familiar with the matter told reporters that in the three demonstration projects, the speed of progress of the Huineng project is not fast. In Ejin Holoqi, Huineng Group is not the only company that intends to go to coal to make natural gas.
People familiar with the local coal chemical industry said that in Erdos and Inner Mongolia, there are not a few companies that have similar plans. Taking the Shenhua Coal-to-Natural Gas Project as an example, although it has not been formally approved by the National Development and Reform Commission, it was laid in April this year.
As early as four months ago, the 4 billion cubic meters/year coal-based natural gas demonstration project of Inner Mongolia Datang International Power Generation Co., Ltd. has been approved. The project is located in Hexitengqi, Chifeng City, Inner Mongolia. The total investment of the project is approximately 25.7 billion yuan, of which the project capital is 7.71 billion yuan.
The statistics of Asia and China show that there are about 15 coal-to-synthetic natural gas projects planned in China and some of them have already started construction.
Coal chemical projects or "songkou" Not all chemical projects are surplus
On December 17, according to the government office of the Ejin Holo Banner, Erdos, Inner Mongolia, it was disclosed that the National Development and Reform Commission has approved Huinong Group's annual production of 1.6 billion cubic meters of coal-based natural gas projects. Under the condition that the coal chemical industry is cooling down, it seems that many project companies waiting in line to wait for the approval of the Development and Reform Commission seem to have seen the light.