After a few dormant years, from 2011, Shenhua Group's coal chemical business will come into commercial operation stage.
Newspaper was informed that in Baotou Shenhua Coal-to-Olefin (MTO) from January 1, 2011 start from the demonstration phase to the commercialization stage. At the same time, more representative of the Shenhua coal liquefaction project now has industrial production conditions, will soon put into commercial operation.
Now, in addition to coal oil, coal, ethylene, propylene Shenhua Coal is still (MTP), coal gas, coal and other coal chemical dimethyl ether to form the layout of the field. Shenhua coal chemical industry in the territory has been formed.
Shenhua Coal Chemical Industry on the layout, is actually driven by its internal reforms carried out. In recent years, China has been changing God's own economic growth, mainly in coal sales from the previous mainly to extend the industrial chain and increase the proportion of high value-added business change.
Commercialization path
Shenhua's coal-to-olefins project uses the MTO technology. The main technical path is first made of methanol, coal liquefaction, and then made into B methanol, propylene and other olefins products.
The project's main works include 180 million tons / year methanol unit coal, 30 tons / year polyethylene unit, 300,000 tons / year polypropylene unit.
November 23, Shenhua Coal Liquefaction Co., Ltd., said Zhu Ping, general manager of Baotou Shenhua Baotou 60 million tons / year coal-to-olefins project will be January 1 next year to enter commercial operation stage. The project is the "Eleventh Five-Year" period, the state approved only one coal-olefins project.
According to Zhu Ping, the total investment of 17.0 billion project, covering 250 hectares. Shenhua Baotou Coal-to-olefins project has set the world's first and largest coal-to-olefin plant. May this year, the project's petrochemical plant in the cross.
"This indicates that the project can achieve industrial application." One senior industry source said. As of September 29, Shenhua Baotou Coal-to-olefins project has produced 24 tons of olefins products.
Data obtained by this newspaper, from August 8 to September 30, Shenhua Baotou Coal-olefin plant produced a total of 23.7 million tons of methanol, 1,465 tons of sulfur, and 3.6 tons of polyolefins.
Currently, the methanol plant project 72-hour average load factor reached 94%, far higher than the design level; MTO plant load factor is as high as 83%; polyethylene unit load up to 95%; polypropylene unit load was 70%.
"This load level has fully equipped commercial operating conditions." Anonymity of the Petroleum and Chemical Industry Planning Institute, experts told reporters.
Said Zhu Ping, 6-10 months of this year, coal-to-olefins project spent a total of 3-4 billion yuan, sales income of 4.5 billion yuan, profit of 5,000 million.
Map of coal chemical industry
There are two more representatives of Shenhua coal liquefaction project meaning - Shenhua Ningxia Coal 300 million tons / year indirect liquefaction project and Shenhua Erdos (600,295, stock it) 500 tons / year of direct liquefaction project has entered commercial operation of the countdown.
Currently, the Erdos project a 180 million tons have been built a production line, and has produced oil, with a total investment of 10.8 billion yuan. Shenhua Coal Liquefaction branch chief engineer of the Ordos Song Shu-ping said, as of October 9, Erdos project has produced 380,000 tons of oil products in short supply.
According to Shu Song Ping, the project is expected to produce 70 million tons this year, product, and strive to achieve in 2011, 1.5 to 2 million profit. Shenhua coal liquefaction project is based on earnings, the company is full of coal oil cost only around 3,000 yuan, less than 50 international oil prices converted into U.S. dollars / barrel.
"Now the international oil price at 80 U.S. dollars / barrel and above, plus some other expenses, even if the Shenhua coal liquefaction project already has considerable income space." The Petroleum and Chemical Industry Planning Institute, experts said. In addition to these two coal liquefaction projects in Xinjiang Shenhua is also planning a 300 million tons / year of coal direct liquefaction project.
In addition, the Shenhua coal chemical industry and other key demonstration projects include: Ordos 20 million cubic meters / year coal gas project; Yulin 100 million tons / coal-to-Olefin (MTO) and Hulunbeier 60 million tons / year coal Olefin (MTO).
"Shenhua is the most complete layout of the coal chemical industry enterprise, and most companies only entered one field, or in a major breakthrough in two areas." Datang International Research Institute of Chemical Technology Co., Ltd., said insiders. Datang Group is currently in the country's coal chemical industry mainly focused on coal gas and coal to olefins areas.
Zhang Yuzhuo, general manager of Shenhua Group, announced on November 18, Shenhua Group plans to "second Five-Year" period, to achieve production of 300 million tons of oil, chemicals, production of 500 million tons, natural gas production 1.8 billion square, with a total investment 800 billion than the "Eleventh Five-Year" period of up to 60% increase of 500 billion yuan.
Business Transformation
For a long time, Shenhua's income mainly relies on "selling coal." At present, God, has already become the largest coal producer, is also the world's largest coal supplier.
However, this approach allows the development of extensive long-term alienation from Shenhua outside the world top 500 until 2010, only to operating income of $ 23,605,000,000 in the first Fortune 500 list of finalists, ranked No. 356.
This year, Shenhua to accelerate the internal "transformation of economic development," the pace of investment to increase coal chemical shift is also seen as an important measure of economic development is one way.
Zhang Yuzhuo, held this year in an internal meeting that should be a single low-level Shenhua high value-added products to enhance the diversification of products, increasing power, coal, chemicals, clean energy, the proportion of high value-added products.
"In the business ratio Shenhua Coal remains the main business of selling, but the proportion will be reduced; and coal chemical industry such as the use of deep processing of coal and the status of high value-added services will become increasingly important." Shenhua Group Insiders said.
With the coal oil, coal to olefins getting better and better profitability of the project, Shenhua Group is also planning the right time in the coal chemical industry will be injected into the business of China Shenhua (601088.SZ) of them.
Appeal insiders say the key is the timing of injection depends on the stability of coal chemical project equipment, which determines whether the project has a continuous profitability.
In addition to the gradual increase in the proportion of coal chemical business, but as also a "high value" of the power business segment has been taken seriously, to promote the power of God to the scale of China, professional direction of change.
Shenhua's goal is 2013, the proportion of deep-processed products and strive to achieve operating income 30%.
