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Market Research Report on China's Coal Chemical
Industry in 2006
Table of contents
Published: Jan 6th,2007
Introduction
In recent years, with the rising prices of crude oil and natural
gas, a shortage of oil & gas resources and the increasing oil
importation, the Chinese energy industry is focusing on
accelerating the development of the coal chemical industry.
Traditional coal chemical industries such as coking and coal
gasification ammonia synthesis maintain a rapid momentum. New
coal chemical technologies such as Coal liquefaction synthetic
oil, coal gasification synthetic alcohol ether and coal chemical
cogeneration are also under way. With the start-up of the
industrialization of the coal chemical industry, China is bound
to be the largest country in this field.
Being the focus of medium-and-long-term national energy
development strategy, the new coal chemical industry mainly
occupies itself with production of clean energy and substitutes
such as diesel oil, gasoline, aviation fuel, liquefied petroleum
gas, the raw material ethene and polypropylene, alternative
fuels (methyl alcohol, dimethyl aether) etc., being the new
emerging industry with the combination technologies applied in
energy resources and chemical engineering.
The coal chemical industry will play an important role in the
sustainable development of China's energy resources in the next
twenty years, which will reduce alleviation of environmental
pollution caused by coal burning as well as reduce dependence on
oil importation. In a word, there will be
great demand and opportunities in China's coal chemical
industry.
Currently, some domestic coal-mining enterprises and regions are
taking advantage of abundant resources to bring about great
economic returns and regard new coal chemical engineering as the
top priority of the local economy. Great efforts have been made
in the adjustment of the industrial
structure based on the coal chemical industry to move forward
along new industrialization route.
Generally, new coal chemical industry is its early stages, which
requires huge investments and involves precision technologies.
So, overall planning, technical studies, new techniques
development and systematic optimization are needed to coordinate
the development in coal,chemical, oil and electric power. In
this way, the need of a fast-growing national economy will be
met.
*This report is also available in Chinese - please search our
website for further details
Table of Contents
1. The general development situation of coal chemical
industry in China
1.1 The structure of the China's energy reserves: rich in
coal, poor in oil
1.2 Coal's superiority in cost
1.3 Three main industry chains of coal chemical's
application
1.3.1 Traditional coking
1.3.2 Calcium carbide and acetylene chemical industry
1.3.3 Coal gasification and liquefaction
1.4 The development situation of global coal chemical
industry
1.5 Industrial support policy for coal chemical industry
development in China
2. Coal-to-oil technology, cost and project progress of
China's main enterprises
2.1 Development situation of international coal-to-oil
technology
2.2 Selection of coal-to-oil scheme
2.3 Profits analysis for coal-to-oil project
2.4 The general situation and progress of main enterprise
projects in China, such as Shenhua Group and YanKuang Group,
etc.
2.5 China's policy orientation towards coal-to-oil projects
3. coking and acetylene chemical industry
3.1 The development situation and market analysis of coking
and acetylene chemical industry in China
3.2 The development situation and market analysis of crude
benzene in China
3.3 The development situation and market analysis of calcium
carbide and acetylene chemical industry in China
3.3.1 Domestic consumption, cost and price of PVC produced
by calcium carbide process
3.3.2 Domestic demand, consumption, cost and price of
1,4-butanediol(BDO) produced by calcium carbide process
3.3.3 Domestic price and output of polyvinyl alcohol(PVA)
produced by calcium carbide process
4. The analysis of coal gasification technology, industry
chain market ,cost and price
4.1 Brief introduction to coal gasification
4.2 The major downstream industry chains of coal
gasification
4.2.1 The industry chain of synthetic ammonia
4.2.2 Carbamide and other nitrogenous fertilizer
4.2.2.1 Market analysis of carbamide and other nitrogenous
fertilizer
4.2.2.2 Current cost and price status of carbamide and other
nitrogenous fertilizer
4.2.2.3 Future supply and demand trend of carbamide and
other nitrogenous fertilizer
4.2.3 Domestic capacity and price of nitric acid and nitric
ammonium
4.2.4 Methanol
4.2.4.1 The global market analysis of methanol
4.2.4.2 The main international methanol equipment in
progress
4.2.4.3 The forecast of future international methanol price
4.2.4.4 China's capacity expansion tendency
4.2.4.5 China's methanol consumption, price, material and
production cost
4.2.5 DME
4.2.5.1 Relevant policy for the generalize of DME in China
4.2.5.2 DME production process
4.2.5.3 DME investment and production cost
4.2.6 Acetic acid
4.2.6.1 Domestic acetic acid demand
4.2.6.2 Domestic acetic acid capacity
4.2.6.3 Analysis of acetic acid cost and price
4.2.7 Methanol-to-olefin (MTO) or methanol-to-propylene (MTP)
4.2.7.1 Cost analysis of MTO
4.2.7.2 Cost analysis of Methanol-to-olefin
4.2.8 The price of formaldehyde
4.2.9 Investment and cost analysis of Polygeneration based
on coal gasification
5. Analysis of coal chemical industry related enterprises
5.1 Shenhua Group Co., Ltd
5.2 Shandong Yankuang Group Co., Ltd
5.3 Lu'an Group Co., Ltd
5.4 Shandong Hualu Hengsheng Group Co., Ltd
5.5 Shanxi Sanwei Group Co., Ltd
5.6 Shanxi Coking Coal Group Co., Ltd
5.7 Shanxi Datong Coalmine Group Co., Ltd
5.8 Ningxia Coal industry Group Co., Ltd
5.9 Henan Pingdingshan Coal Group Co., Ltd
5.10 Anhui Huaibei Kuangye Group Co., Ltd
5.11 Tianji Coal Chemical Industry Group Co., Ltd
Figures
Fig. 1 Energy reserves and consumption structure in China
(calculated by heat value)
Fig. 2 The degree of crude oil dependence keeps growing in
China
Fig. 3 Energy reserves structure of different areas in the
world
Fig. 4 Historical price ratio of coal and crude oil in
America (tons coal/barrels crude oil)
Fig. 5 Distribution of coal downstream industries in China
Fig. 6 Applied industry chains of coal chemical industry
Fig. 7 Converse distribution of coal reserves and water
reserves in China
Fig. 8 Process flow diagram of direct liquefaction and
indirect liquefaction
Fig. 9 The convert crude oil price and commercial profit
margin of Sasol Company's coal-to-oil department for the
past years (FY1999¡«FY2006£©
Fig. 10 The average export price and output of coke in China
Fig. 11 The import quantity of refined benzene increases
greatly
Fig. 12 Price difference between refined crude benzene
products (pure benzene/ toluene/ dimethylbenzene) and crude
benzene
Fig. 13 The downstream utilization distribution of calcium
carbide in China
Fig. 14 The output of calcium carbide for the past years in
China
Fig. 15 PVC's apparent consumption and market price in China
Fig. 16 The capacity growth and utilization ratio of PVC in
China
Fig. 17 The growth of domestic BDO demand
Fig. 18 BDO downstream terminal distribution and the
apparent consumption of main downstream products
Fig. 19 Domestic BDO freight price
Fig. 20 Domestic PVA market price
Fig. 21 Domestic PVA output growth
Fig. 22 Major downstream Industry chain subdivision of coal
gasification
Fig. 23 The production cost of carbamide and the price of
natural gas have positive correlation in America
Fig. 24 Global synthetic ammonia is likely to keep booming
Fig. 25 The comparison between carbamide capacity and demand
growth for the next three years in China
Fig. 26 The output and growth rate of concentrated nitric
acid
Fig. 27 The downstream application of nitric acid
Fig. 28 Certain correlation of nitric acid, saltpeter
ammonium and carbamide's price
Fig. 29 Downstream application distribution of methanol in
worldwide and China
Fig. 30 Forecast of global methanol demand growth
Fig. 31 Forecast of international methanol price in the next
few years by CMAI
Fig. 32 The price of methanol, synthetic ammonia and nature
gas tend to synchronize in America
Fig. 33 Material distribution of methanol production in
China
Fig. 34 Apparent consumption and market price of methanol in
China
Fig. 35 Forecast comparison of methanol's newly increasing
demand and capacity in the next few years in China
Fig. 36 Domestic output comparison among methanol, gasoline,
LNG, ethylene and propylene
Fig. 37 The relationship among methanol production cost,
coal price and equipment scale
Fig. 38 The price of ethanol and gasoline synchronize;
methanol price departs from the energy price tendency
Fig. 39 Downstream acetic acid demand distribution
Fig. 40 The variation and forecast of acetic acid apparent
consumption in China
Fig. 41 Forecast of global acetic acid's efficient capacity
utilization ratio
Fig. 42 The tendency of acetic acid price
Fig. 43 Formaldehyde price and the price difference between
formaldehyde and methanol
Fig. 44 Cost comparison between standalone system of
methanol production and polygeneration system for combined
heat, power and methanol production based on coal
gasification
Fig. 45 Investment and cost comparison between standalone
system of coal gas and polygeneration system for combined
heat, power, methanol production and gas
Fig. 46 The price of natural gas in different areas
worldwide (average in 2005)
Fig. 47 Price tendency comparison of crude oil, natural gas
and coal
Fig. 48 The negative correlation between practical coal
price and coal consumption in America
Fig. 49 The practical coal price in America is in a downward
tendency for a long term (no variation in USD since 2000)
Fig. 50 The development course of international coal
gasification technology
Fig. 51 Shell pulverized coal gasification flow diagram
Fig. 52 International programming sketch map of coal
gasification polygeneration
Fig. 53 Yankuang Group's programming sketch map of coal
gasification polygeneration
Tables
Table 1 Cost comparison of coal, natural gas and crude oil's
conversion into methanol
Table 2 Estimation comparison of world main chemical
industry company
Table 3 Estimate value table of chemical industry enterprise
highly concerned by CICC
Table 4 Price comparison of equal heat quantity energy
Table 5 Comparison of coal, crude oil and natural gas'
composition structure
Table 6 Coal-to-oil cost structure estimate offered by Sasol
Table 7 Technology and economic comparison between coal
direct liquefaction and indirect liquefaction by Shenhua
Group
Table 8 Domestic coal-to-oil equipments in progress
Table 9 Coking production probable share
Table 10 Comparison of Baosteel Group's two crude benzene
refinery equipment yield ratio
Table 11 Cost structure comparison between PVC produced by
calcium carbide process and ethylene process (when oil price
is 60 USD/ barrel and calcium carbide price is 2400 RMB/ton)
Table 12 Cost structure comparison between BDO produced by
calcium carbide process and maleic anhydride process (when
maleic anhydride price is 9200 RMB/ton and calcium carbide
price is 2500 RMB/ton)
Table 13 Domestic major enterprise in concentrated nitric
acid production
Table 14 Major international methanol equipments in progress
Table 15 Characters comparison between DME and other energy
Table 16 Investment cost comparison of DME (2.5 million
tons/year) produced by natural gas process
Table 17 Estimated cost comparison of two steps methanol
dehydrates to DME process
Table 18 Domestic acetic acid capacity and output in 2005
Table 19 Domestic acetic acid capacity in progress
Table 20 Comparison between UOP and Dalian Institute of
Chemical Physics
Table 21 Cost comparison of methanol-to- olefin (MTO),
petroleum cracking and ethane cracking
Table 22 China's formaldehyde consumption downstream
distribution in 2003
Table 23 Public companies related to coal chemical industry
Table 24 Adjusted profit forecast in 2007 offered by
Shandong Hualu Hengsheng Group Co., Ltd
Table 25 Financial data and forecast offered by Shandong
Hualu Hengsheng Group Co., Ltd
Table 26 Adjusted profit forecast in 2007 offered by Shanxi
Sanwei Group Co., Ltd
Table 27 Financial data and forecast offered by Shanxi
Sanwei Group Co., Ltd
Table 28 Parameter comparison of major international coal
gasification technology
Table 29 Fifteen equipments of Shell technology introduced
by China
Table 30 China's fifteen types of coal fit to direct
gasification (experiment data)
Table 31 China's methanol projects in progress or
programming
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