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12th Five-Year coal chemical investment will reach 500 billion
Release time:
2012-11-19
CICC released a new coal chemical industry report on the 15th, optimistic about the future investment of the new coal chemical industry.
The report believes that with the gradual emergence of the benchmarking effect of demonstration projects and the maturity of key technologies, China's new coal chemical industry is expected to usher in a real investment boom in the next five years. It is expected that the new coal chemical industry will continue the policy path of "upgrading demonstration and total amount control" during the "Twelfth Five-Year Plan" period, but the total investment scale of demonstration projects will reach nearly 500 billion yuan, a substantial increase of nearly 400 billion yuan from the "Eleventh Five-Year Plan.
CICC's specific reasons for being optimistic about the coal chemical industry include: coal-to-natural gas will become an important supplement to the regular gas source during the "Twelfth Five-Year Plan" period. The plan is expected to launch 15 new coal chemical demonstration projects, 9 of which involve coal-to-gas. "The recent success of Sinopec's new Guangdong and Zhejiang pipelines has been achieved by the National Development and Reform Commission, which is undoubtedly a positive signal."
Source: Oriental Morning Post
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