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| China spending 80 bln yuan in coal chemical programs |
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| www.chinaview.cn
2006-10-30 20:34:22
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BEIJING, Oct. 30 (Xinhua) -- China's total investment in coal chemical
programs under construction reached over 80 billion yuan (10.1 billion US
dollars), the National Development and Reform Commission (NDRC) said Monday.
Due to price hikes in the international oil market, the coal chemical
industry has been growing rapidly with the demand for fuel products.
The programs under construction would raise annual production capacity by
8.5 million tons of methanol, 900,000 tons of olefin and 1.24 million tons of
coal-liquefied oil, said NDRC.
Total annual production would rise to 34 million tons of methanol, three
million tons of olefin and three million tons of coal-liquefied oil.
The coal chemical industry also produces coke, calcium carbide and
coal-developed fertilizers.
Last year, China's production of coke reached 232.83 million tons, calcium
carbide 8.95 million tons and coal-developed fertilizers 25 million tons, all
the highest in the world.
The NDRC issued a circular in July to stop ratification or registration
of coal chemical programs to prevent possible over-production.
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