The world's first coal-to-olefins project will start a total investment of 12.4 billion yuan
The site of the project is located in the newly planned industrial base in Haringer Town, Jiuyuan District, Baotou City. The overall project includes 1.8 million tons/year coal-to-methanol plant and 600,000 tons/year MTO (methanol to ethylene plus propylene process) plant. , 310,000 tons/year polypropylene plant, 300,000 tons/year polyethylene plant and other downstream products, and 224,000 standard cubic meters (oxygen)/hour air separation unit, etc. The project consumes 3.45 million tons of raw coal annually. 1.28 million tons of fuel coal. Its key technology will use the United States Global Oil Company's coal to olefins technology (MTO), a total investment of up to 12.4 billion yuan. It is planned that by 2020, it will develop to a scale of 30 million tons/year coal-to-oil, 3 million tons/year coal to methanol and derivative products.
According to analysis by industry experts, the continuous rise in international oil prices and the shortage of petroleum resources in China have become the bottleneck restricting the development of the national economy. It is imperative to seek new raw material routes for olefin products. China's coal resources are relatively abundant, coal reserves have exceeded 1 trillion tons, and the use of coal as raw material to develop the chemical industry has a reliable guarantee of resources. With the development of modern coal chemical technology, the process of producing ethylene and propylene from coal using methanol as raw material has matured technically, and has become increasingly competitive in the economy with repeated high oil prices. The start-up of the coal-to-olefins project of Shenhua Group is the need for a major strategic layout of the national energy and heavy chemical industry. It not only opens a new chemical route for the relief of China's oil shortage and ensures national energy security, but also extends the coal industry chain and realizes the coal industry. Sustainable development has a demonstration role and at the same time provides protection for the development of the national economy.