 Home > Chemicals Industry > Rubber Plastic News > Inner Mongolia stops approving new coal chemical projects, what is the impact of Baofeng's 4 million tons of coal-to-olefins?

Inner Mongolia stops approving new coal chemical projects, what is the impact of Baofeng's 4 million tons of coal-to-olefins?

 Last Update: 2022-08-26
 Source: Internet
 Author: User

Tags

carbon colors

pure sodium

Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

During the "14th Five-Year Plan" period in Inner Mongolia, no new modern coal chemical projects will be approved, and some coal power units will be withdrawn by the end of 2023, and the construction of wind power and solar power generation bases will be promoted.

Baofeng's 4 million-ton coal-to-olefin project continues to advance, and photovoltaic power generation develops in parallel to meet the trend of carbon neutrality

Plastic Recycling and Energy Chemical Carbon Neutrality Forum 2021 will be held in Huizhou, Guangdong on March 26

——Inner Mongolia will no longer approve new coal chemical projects

Under the development trend of "carbon peaking" and "carbon neutrality", the Inner Mongolia Autonomous Region, the energy and chemical industry region, plans to transform during the "14th Five-Year Plan"

The Inner Mongolia Development and Reform Commission recently issued a public notice for public comments on the "Several Guarantee Measures to Ensure the Completion of the "14th Five-Year Plan" Energy Consumption Dual Control Objectives (Draft for Comments)"

——Coal power to reduce capacity

Speed up the elimination of backward and excess production capacity

Thermal power: single unit of 50,000 kW and below pure condensing coal power units that do not have the conditions for heating transformation, single unit of 100,000 kW and below pure condensing coal power units within the coverage of large power grids, and single unit of 200,000 kW and below within the coverage of large power grids Design Pure coal-fired power units at the end of their lifespans will, in principle, be withdrawn before the end of 2023

Implement the “Notice on Adjusting Electricity Price Policies and Electricity Market Trading Policies in Some Industries” issued by the Development and Reform Commission of the Autonomous Region and the Department of Industrial Information Technology (Nei Fa Gai Fei [2021] No.
115)
.

Increase the proportion of renewable energy consumption
.
Continue to promote the construction of wind power and solar power generation bases, promote the rapid development of centralized wind power and solar power generation, develop distributed solar power generation and decentralized wind power according to local conditions, and strive to exceed 100 million kilowatts of renewable energy installed capacity by 2025, and strive to consume renewable energy power.
Responsibility weights to achieve incentive goals issued by the state
.

Adhere to and improve the wind power and solar power generation consumption mechanism
.
Improve the scheduling and operation mechanism, promote self-provided thermal power units and heating and heating units to participate in peak regulation, implement a green certificate system for the purchase of thermal power units operating in isolated grids, and promote the formation of a matching price system that reflects the positive environmental benefits of wind power and solar power generation
.

——Baofeng's 4 million tons coal-to-olefin project continues to advance, and photovoltaic power generation develops in parallel

Under the current policy background, with a total investment of 67.
3 billion yuan, Baofeng's 4 million-ton coal-to-olefin project in Inner Mongolia has become the focus of attention
.
According to the research data of ASIACHEM, 1 ton of coal-to-polyolefin products will emit about 10 tons of carbon dioxide, which is higher than that of petrochemical routes
.
Baofeng's 4 million-ton coal-to-olefin project continues to advance, and photovoltaic power generation develops in parallel to meet the trend of carbon neutrality
.

Recently, the dynamic compaction project of Inner Mongolia Baofeng Coal-based New Materials Co.
, Ltd.
's 4×1 million tons/year coal-to-olefin demonstration project officially started in the sound of firecrackers
.
The project is located in Tuke Industrial Park, Sulige Economic Development Zone, Wushen Banner
.

In 2019, the "Several Regulations on Further Standardizing the Construction of Chemical Industry Projects in Inner Mongolia Autonomous Region" issued by Inner Mongolia clearly mentioned, "Three districts and three lines (ecological space, agricultural space, urban space, and ecological protection red line, permanent basic farmland, urban development boundary) No approval or filing of new (modified, expanded) chemical projects is allowed within the “Control Line, etc.
”
.
The further tightening this time shows that whether it is from the perspective of resolving excess coal chemical production capacity, or from the perspective of environmental protection or carbon emission reduction, Inner Mongolia has reached an urgent juncture for industrial transformation and upgrading
.

——Coal power to reduce capacity

Speed up the elimination of backward and excess production capacity
.
Guide the orderly withdrawal of restricted production capacity (equipment) in overcapacity industries, and implement capacity replacement and upgrading
.
Enterprises (equipment) that are listed in the "National Industrial Policy Guidance Catalogue" (2019 version) and have been suspended for more than one year in 2020 are not allowed to replace their production capacity
.
Specifically implemented according to the following principles:

——Baofeng's 4 million tons coal-to-olefin project continues to advance, and photovoltaic power generation develops in parallel

4×1 million tons/year coal-to-olefin demonstration projects include: coal gasification, shift, purification, methanol synthesis, methanol-to-olefin (including olefin separation), sulfur recovery, C4 to 1-butene, steam cracking, polyethylene, polymer Propylene and other production facilities, as well as supporting public works, auxiliary production facilities, storage and transportation facilities,
etc.

Product plan: The main products are polyethylene and polypropylene, while by-product sulfur, fuel oil, heavy C4, C5+, MTBE,
etc.
Baofeng Energy said that the first phase of the Inner Mongolia project is 2.
6 million tons/year, and the second phase is 1.
4 million tons/year
.
On July 28, 2020, Baofeng Coal-based New Materials Co.
, Ltd.
's 4×1 million tons/year coal-to-olefins demonstration project Phase I 2.
6 million tons/year project was approved by the Development and Reform Commission of Inner Mongolia Autonomous Region
.

ASIACHEM's coal-to-olefin related research report shows that the recent main process nodes of Baofeng coal-to-olefin project are as follows:

On July 2, 2020, Ningxia Baofeng Energy Group Co.
, Ltd.
issued the "Announcement on Proposed Foreign Investment and Establishment of Subsidiaries"
.
According to the announcement, Baofeng Energy plans to set up a subsidiary in Inner Mongolia with RMB 950 million and Ningxia Baofeng Energy Group Olefin No.
2 Plant Co.
, Ltd.
, a wholly-owned subsidiary of the company
.
The announcement shows that the newly established subsidiary is tentatively named Inner Mongolia Baofeng Coal-based New Materials Co.
, Ltd.
with a registered capital of 1 billion yuan
.
Among them, Baofeng Energy invested 950 million yuan, holding 95% of the shares; the second olefin plant invested 50 million yuan, holding 5% of the shares
.

On July 6, Inner Mongolia Baofeng Coal-Based New Materials Co.
, Ltd.
announced the social stability risk assessment of the 4×1 million tons/year coal-to-olefin demonstration project
.
The project is located in the Tuke Industrial Project Zone of Sulige Economic Development Zone, with a total area of 640.
3 hectares and a total investment of 67.
3 billion yuan
.
On July 28, Baofeng Coal-Based New Materials Co.
, Ltd.
's 4×1 million tons/year coal-to-olefins demonstration project Phase I 2.
6 million tons/year project was approved by the Development and Reform Commission of Inner Mongolia Autonomous Region
.

On September 1, 2020, in order to promote the construction of Baofeng's 4 million tons of coal-to-olefins project, the review meeting of "Industrial Development Plan (Revision) of Sulige Economic Development Zone in Ordos, Inner Mongolia" was held in Hohhot
.
The meeting was organized by the Industrial Park Division of the Industry and Information Technology Department of the Autonomous Region to organize the participation of members of the industrial park construction leading group such as the Development and Reform Commission of the Autonomous Region, the Department of Ecology and Environment, the Department of Water Resources, the Department of Natural Resources, the Department of Emergency Management, and the Department of Commerce
.
The revision of the industrial plan of the park includes the Baofeng 4 million tons coal-to-olefin project and other major projects implemented in the park's "14th Five-Year Plan", which plays an important role in promoting the approval and implementation of the project
.

On September 4, Ren Deqi, Secretary of the Party Committee and Chairman of Bank of Communications, and Yin Jiuyong, Vice President of Bank of Communications, on behalf of the Head Office of Bank of Communications, signed a 20 billion trusted strategic cooperation agreement with Dang Yanbao, Chairman of Ningxia Baofeng Energy Group
.
The 20 billion yuan credit granted by Bank of Communications will effectively guarantee the smooth construction of Baofeng Energy's new projects
.

On November 30, 2020, Inner Mongolia Baofeng Coal-based New Materials Co.
, Ltd.
announced the social stability risk assessment of the 4×1 million tons/year coal-to-olefin demonstration project and the second phase of the 1.
4 million tons/year project
.
On December 18, Inner Mongolia Baofeng Coal-based New Materials Co.
, Ltd.
's 4×1 million tons/year coal-to-olefin demonstration project, the public participation in environmental impact assessment was announced for the second time
.

In addition, Baofeng's photovoltaic new energy business has accelerated its development and plans to go public
.
On February 22, the Ningxia Securities Regulatory Bureau issued a notice on agreeing to accept the IPO guidance filing of Ningxia Baofeng New Energy Technology Co.
,
Ltd.

4×100/：、、、、()、、C41-、、、，、
。

：、，、、C4、C5+、MTBE
。，260/，140/
。2020728，4×100/260/
。

，：

202072，《》
。，9.
5
。，，10
。，9.
5，95%；5，5%
。

76，4×100/
。，640.
3，673
。728，4×100/260/
。

202091，400，《（）》
。、、、、、
。，400“”，、
。

94，、，，200
。200，
。

20201130，4×100/，140/
。1218，4×100/，
。

，，IPO
。222，
。

2016224，12，、、、、、、、、
。，35.
06%
。

In May 2019, Ningxia Baofeng Photovoltaic Power Generation Co.
, Ltd.
was transferred to Baofeng New Energy; in September 2020, Ningxia Baofengyuan Photovoltaic Power Generation Co.
, Ltd.
was transferred to Baofeng New Energy; in December 2020, Ningxia Huifengxiang Distributed Photovoltaic Power Generation Co.
, Ltd.
has changed its investor, and newly added Baofeng New Energy as a sole shareholder
.
At present, Huifengxiang Photovoltaic has become a company mainly engaged in distributed photovoltaic power generation under Baofeng New Energy.
The company was established in May 2017.
The power generation project was connected to the grid on December 30, 2017, with an installed capacity of 4.
24MWp
.

In order to comply with the development trend of the energy market, actively expand the clean energy market, and promote the integrated development of the modern coal chemical industry and new energy, Baofeng Energy has also launched a demonstration project of solar energy electrolysis for hydrogen production and comprehensive application
.

This article is an English version of an article which is originally in the Chinese language on echemi.com and is provided for information purposes only. This website makes no representation or warranty of any kind, either expressed or implied, as to the accuracy, completeness ownership or reliability of the article or any translations thereof. If you have any concerns or complaints relating to the article, please send an email, providing a detailed description of the concern or complaint, to service@echemi.com. A staff member will contact you within 5 working days. Once verified, infringing content will be removed immediately.