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On August 26, the executive meeting of the State Council examined and deployed the suppression of overcapacity and redundant construction in some industries, and coal chemical industry was included in industries that need to strengthen guidance. This is the first time that the country has included coal chemical industry in the ranks of overcapacity and structural adjustment.
It is understood that, in view of this situation, the relevant national ministries and commissions have already formulated the adjustment plan for the production capacity of coal chemical industry according to the requirements of the "Detailed Rules for the Adjustment and Revitalization of the Petrochemical Industry" previously announced by the State Council.
However, for some sluggish sub-sectors, the state will also introduce policies to provide support to help the industry solve difficulties. The newspaper learned from the Petrochemical Industry Association that the two industry standards for "vehicle fuel methanol" and "vehicle methanol gasoline (M85)" will be implemented on November 1 and December 1 this year. Li Tongsheng, director of the Petroleum Ether Fuel Committee of the China Petroleum & Chemical Industry Association, told the newspaper: “The implementation of the two standards will strongly stimulate the methanol consumer market and ease the current difficulties facing methanol.â€
Coking industry may face three-year new project approval order
It is reported that coke, as a traditional sub-sector of coal chemical industry, will face a three-year new project "restricted approval order" due to structural overcapacity.