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China Market Insider Coal Chemistry in China – A Great Future with a Small Catch?
Coal chemistry has "great potential" in China, says China's president. Xi Jinping makes this statement - which makes climate activists around the world sit up and take notice - during a visit to one of the traditional coal provinces of the People's Republic. The most powerful politician in the country, which consumes the most coal in the world, visited coal chemical companies at the Yangjiagou Revolutionary Base in Yulin, Shaanxi province. PROCESS' China Market Insider explains what these statements mean.
Beijing/China – Shaanxi in northwest China is one of the strongholds of coal mining and coal chemistry in the People's Republic. China's all-powerful party and state leader thus deliberately chose a fitting stage for his statements on the future of coal chemistry.
"He emphasized that coal chemistry has great potential and great promise," reported the state-run energy trade portal Shiyou Huagong Luntan. Indeed, China has been investing heavily in the coal-to-olefins industry for several years, and coal is currently a relatively small but fast-growing feedstock sector for the country's chemical industry.