The world's largest "green hydrogen+" coal to olefin project was approved

The green development of China's modern coal chemical industry is expected to usher in a new round of industrial expansion under the background that the new renewable energy and raw material energy consumption are not included in the total energy consumption control policy. On November 24, Baofeng Energy, the leading domestic coal to olefin enterprise, released the Announcement on the Approval of the EIA for the 3 Million Tons/Year Olefin Project in Inner Mongolia, and the Inner Mongolia Olefin Project of Baofeng Energy was officially approved. When completed, the project will become the largest "green hydrogen+" coal olefin industrial base in the world for a single plant, and the only large-scale project in the world to produce high-end chemical products using green hydrogen instead of fossil energy.

It is understood that the project is located in Tuke Industrial Park, Ordos, Inner Mongolia, with an olefin production capacity of 3 million tons/year, and the construction period is expected to be 18 months. Baofeng Energy said that after the project is put into operation, the company will form a development pattern of "Ningdong+Ordos" double centers.

In the construction of the project, Baofeng Energy, led by scientific and technological innovation, introduced the world's top modern coal chemical technology, and reduced the methanol consumption by 10% on the existing basis, which is expected to further reduce the cost of coal to olefin raw materials in the future, highlighting the cost advantage.

At the same time, Baofeng Energy adheres to the new path of high-quality development oriented by ecological priority and green development, innovatively uses "wind and rain complementary" renewable energy to generate green electricity to produce green hydrogen, directly supplies chemical plants to produce high-end chemical products, and realizes hydrogen for coal, carbon reduction and efficiency increase. In the current plan of the project, 400000 tons/year of olefins will be produced by replacing coal with green hydrogen. In the future, the production scale of Fengfeng Green Hydrogen will continue to increase, and the olefin capacity will continue to be integrated and improved to create a new model for the modern olefin industry.

The insiders believe that since this year, the global energy pattern has undergone tremendous changes due to the overseas energy crisis. On the basis of low-carbon and environmental protection, the local production capacity with high costs will be eliminated from the market at an accelerated pace. Energy enterprises have already stood at the crossroads of the times. Baofeng Energy Inner Mongolia Project was approved at this time, which fully proves that enterprises with zero carbon and low cost advantages are rising against the trend. Relying on their own strong strength, they are inferior to the foundation of green and high-quality development, improve the total factor productivity of enterprises by doing, accelerate China's energy consumption digestion and clean energy production process, ensure national energy security and stable green supply, and vigorously consolidate the "basic plate" of stable economic progress and quality improvement.

Source: China Chemical News