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Sinopec establishes coal-to-chemical unit

30 September 2012

Menafn. China Petroleum Corp. (Sinopec Group) formally established a coal-to-chemical unit in Beijing on September 28. Sinopec Great Wall Energy Chemical Co., Ltd. will take charge of the investment and operation of coal-to-chemical business of the parent company, construction of the coal-to-chemical projects, as well as professional management of the coal-to-chemical business.

The group planned to build six coal-to-chemical bases across the country from 2011 to 2015, with the bases spreading in Inner Mongolia Autonomous Region, Xinjiang Autonomous Region, Guizhou Province, Anhui Province, Henan Province and Ningxia Autonomous Region, each. And so far, it has made a substantial progress in five of them.

...The National Development and Reform Commission (NDRC), the top Chinese price planner, released several bans on blind expansion of coal-to-chemical projects in the past five years. However, judging from the current situation, it is moving the bans. An analyst with Guosen Securities pointed out that in order to fight against an economic slowdown and help the domestic economy shift, there is a need for the nation to launch some large-sized projects.

September 30, 2012 in Brief | Permalink | Comments (3) | TrackBack (0)

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Comments

Transforming large quantities of low quality coal into chemicals and liquid fuels will reduce crude oil imports and help to maintain a positive trade balance for China.

USA could do the same?

Will this increase or decrease air pollution?

There is no free lunch. It will increase pollution. Coal is basically carbon plus other junk. Anyway, if you had heat and water C + H20 -> CO + H2 which is generally called syn gas. Once you have syn gas, you can use different processes to get various chemicals or you could burn it a gas turbine. Part of the problem is you need to burn coal to get the heat.

@HarveyD,
Waste biomass and plastic recycling and paper recycling can serve the same purpose without taking more carbon from the ground and put it in our environment. Another important reason not to use coal is that it contains mercury and other harmful substances that would best be left alone. Air pollution is not affected by this type of coal utiization.

The Chinese said that this type of large-size project will help boost their economy, however, this would be harmful to the environment. The use of waste biomass and recycling of trash will even create even more jobs, yet will be far more environmentally sustainable than the use of fossil fuels.

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