China's coal-chemical industry draft plan to be released to garner public opinion

China's chief economic planner will release a draft plan for the coal-chemical industry to garner public opinion, as per Asia Pulse. The draft plan will limit the development of China's chemical industry in major coal-consuming provinces in China, such as Shandong and Henan. This is because overheated investment in the coal-chemical industry in recently years has led to overcapacity in the traditional coal-chemical sector. Besides this, the draft plan will provide further details, corresponding to the regulations on access to the coal-chemical industry issued by the National Development and Reform Commission (NDRC) in March. NDRC will prohibit any coal methanol-to-olefin (coal-MTO) project with an annual capacity of no more than 500,000 tons; any coal-to-methanol project and coal derived DME projects with annual capacity of no more than 1 mln tons; any coal-to-gas project with annual capacity of no more than 2 billion cubic meters; and any coal-to-ethanediol project with annual capacity of no more than 200,000 tons.
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