|
|
 |
|
Viewing report
|
|
|
|
The Development of China's Coal-based Alcohol Ether Energy 2008
China Market Report, July 2008, Pages: 51
China's current energy resources are typified by a huge resource of coal, but a shortage of gas and oil. The total reserves of petroleum and natural gas amounted to 15.5 billion barrels and 1.88 trillion cubic meters by the end of 2007, accounting for only 1.3 per cent and 1.1 per cent of the world’s total reserves. The verified reserves of coal amounted to 114.5 billion tons, accounting for 13.5 per cent of the world’s total coal reserves.
The shortage of natural gas and petroleum in China indicates the important role that the coal chemical industry will play in China’s chemical energy market. Coal gasification, which has many sub-products and uses, is the core activity of the coal chemical industry. In effect, coal gasification synthesizes methanol and synthetic ammonia. In the industry chain of coal-based alcohol ether, methanol and organic chemical materials are the most important products as they produce formaldehyde, DMF, Amine, synthetic rubber, acetic acid, dimethyl ether etc.
With the recognition of methanol and dimethyl ether (DME) as new alternative energy resources, the development of coal-based alcohol ether is expected to increase rapidly in the coming years. Recently issued policies to support the development of coal-based alcohol ether are also expected to have a positive impact on the industry.
In 2007 10.76 million tons of methanol were produced in China, an increase of 42 per cent annually; consumption of methanol was registered at 11.05 million tons, an increase of 30 per cent annually. Therefore, the additional production of methanol in 2007 was 4.45 million tons. However, the actual output was 3.2 million tons, while the rate of output was 72 per cent. Based on these statistics, in 2008 the additional output of methanol in China is expected to reach 4.2 million tons, while the output of methanol will exceed demand by 2 million tons.
Furthermore, the demands of MH15 and its downstream products will increase China's consumption of methanol, and the annual average growth rate is expected to reach 16.6 per cent between 2008 and 2012. There is potential for the domestic methanol market to be oversupplied in 2008, but the impact of rising natural gas prices, the increasing price of coal in the Chinese market and the demands of MH15 following the introduction of new standards of MH15, are all factors expected to sustain high methanol prices in the domestic market.
From July 1st, 2008, China’s VAT of dimethyl ether reduced from 17 percent to 13 per cent, which is indicative of the State Council’s recognition of dimethyl ether as an alternative energy resource. China’s domestic production of dimethyl ether reached 445,000 tons in 2006. This jumped to 2.2 million tons in 2007, an increase of 394 per cent. Estimated figures for 2008-2010 are projected at 4.36 million tons for 2008, 7.84 million tons in 2009 and 14.84 million tons in 2010.
The current dimethyl-ether production capacity is approximately five million tons. This capacity could replace that of civil gas, while other planned projects will see the use of dimethyl-ether production as a substitute for diesel oil. Overall, it is forecasted that the supply and demand of the dimethyl-ether industry in China will be relatively equal from 2008 to 2010.
The development growth rates of Acetic acid are expected to remain unchanged in the next three years. The average annual growth ratio of consumption is estimated to remain at 14 per cent, while the average price of acetic acid will remain at over 6,500 yuan/ton in 2008.
Customers who bought this item also bought
China Methanol Industry Report, 2009-2010
China Methanol Industry Report, 2009-2010
China Coal Chemical Industry Report 2008
2008-2009 Report on China's Coal Chemical Industry
China Coal Chemical Industry, 2007-2008
China Coal-to-ethylene Glycol Industry Report, 2009
China Coal-to-ethylene Glycol Industry Report, 2009
2008 Report on China's Coal-to-Methanol Industry
Economic Efficiency Analysis of Coal-based Methanol and New Energy Products
2010 Deep Research Report on China New Energy Vehicles
|
|
|
|
