China's Coal-to-Chemicals Enterprises Take on Carbon Reduction

Researched by Industrial Info Resources (Sugar Land, Texas)--In September 2020, Chinese President Xi Jinping called for a "green revolution" and said China has set a goal for carbon dioxide emissions to peak and for the country to become carbon-neutral before 2060.

China is the world's largest contributor of CO2 and uses more coal than the rest of the world combined. Coal, whether in coal-fired power plant or during the production of high value-added chemicals via the process of dry distillation or gasification, will produce a large amount of CO2. With the new carbon-reduction plans, people are wondering how China's coal-to-chemicals will reduce emissions.

At present, there are three main measures for these enterprises:

• Investment and solar and wind power
• The development of high value-added coal-chemical projects, including improved process technology, higher carbon conversion rates and lower energy consumption
• The development of hydrogen energy and energy storage

Some coal-to-chemicals projects in China have been suspended because of strict local energy consumption policies. And it is certain that there will be less new coal-to-chemicals projects and more upgrade projects than years before.

IIR is tracking 114 coal-to-chemicals projects in China, valued at more than $65 billion. If you subscribe to Industrial Info's Global Market Intelligence (GMI) Chemical Processing Database, click here for a list.

Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn.