China Domestic Production of Dimethyl Ether is Expected to Reach 4.36 Million Tons in 2008 and 7.84 Million Tons in 2009 and 14.84 Million Tons in 2010
DUBLIN, Ireland--(Business Wire)--
Research and Markets
(http://www.researchandmarkets.com/research/f21cb5/the_development_of)
has announced the addition of the "The Development of China's
Coal-based Alcohol Ether Energy 2008" report to their offering.
China's current energy resources are typified by a huge resource
of coal, but a shortage of gas and oil. The total reserves of
petroleum and natural gas amounted to 15.5 billion barrels and 1.88
trillion cubic meters by the end of 2007, accounting for only 1.3 per
cent and 1.1 per cent of the world's total reserves. The verified
reserves of coal amounted to 114.5 billion tons, accounting for 13.5
per cent of the world's total coal reserves.
The shortage of natural gas and petroleum in China indicates the
important role that the coal chemical industry will play in China's
chemical energy market. Coal gasification, which has many sub-products
and uses, is the core activity of the coal chemical industry. In
effect, coal gasification synthesizes methanol and synthetic ammonia.
In the industry chain of coal-based alcohol ether, methanol and
organic chemical materials are the most important products as they
produce formaldehyde, DMF, Amine, synthetic rubber, acetic acid,
dimethyl ether etc.
With the recognition of methanol and dimethyl ether (DME) as new
alternative energy resources, the development of coal-based alcohol
ether is expected to increase rapidly in the coming years. Recently
issued policies to support the development of coal-based alcohol ether
are also expected to have a positive impact on the industry.
In 2007 10.76 million tons of methanol were produced in China, an
increase of 42 per cent annually; consumption of methanol was
registered at 11.05 million tons, an increase of 30 per cent annually.
Therefore, the additional production of methanol in 2007 was 4.45
million tons. However, the actual output was 3.2 million tons, while
the rate of output was 72 per cent. Based on these statistics, in 2008
the additional output of methanol in China is expected to reach 4.2
million tons, while the output of methanol will exceed demand by 2
million tons.
Furthermore, the demands of MH15 and its downstream products will
increase China's consumption of methanol, and the annual average
growth rate is expected to reach 16.6 per cent between 2008 and 2012.
There is potential for the domestic methanol market to be oversupplied
in 2008, but the impact of rising natural gas prices, the increasing
price of coal in the Chinese market and the demands of MH15 following
the introduction of new standards of MH15, are all factors expected to
sustain high methanol prices in the domestic market.
From July 1st, 2008, China's VAT of dimethyl ether reduced from 17
percent to 13 per cent, which is indicative of the State Council's
recognition of dimethyl ether as an alternative energy resource.
China's domestic production of dimethyl ether reached 445,000 tons in
2006. This jumped to 2.2 million tons in 2007, an increase of 394 per
cent. Estimated figures for 2008-2010 are projected at 4.36 million
tons for 2008, 7.84 million tons in 2009 and 14.84 million tons in
2010.
The current dimethyl-ether production capacity is approximately
five million tons. This capacity could replace that of civil gas,
while other planned projects will see the use of dimethyl-ether
production as a substitute for diesel oil. Overall, it is forecasted
that the supply and demand of the dimethyl-ether industry in China
will be relatively equal from 2008 to 2010.
The development growth rates of Acetic acid are expected to remain
unchanged in the next three years. The average annual growth ratio of
consumption is estimated to remain at 14 per cent, while the average
price of acetic acid will remain at over 6,500 yuan/ton in 2008.
Key Topics Covered:
1 The circumstance of the development of China's Coal Chemical
Industry
2 The classification of China's coal Chemical Industry
2.1 The main classification of coal chemical industry
2.2 Support of policy
2.2.1 Coal Coking
2.2.2 Coal Liquefaction
2.2.3 Coal Gasification
3. Coal-based alcohol ether
3.1 Methanol
3.1.1 The supply and demand of global methanol market
3.1.2 The price of China methanol market
3.1.3 The supply and demand of Chinese methanol market
3.1.4 The additional production of methanol in China
3.2 Dimethyl-ether
3.2.1 Demand
3.2.2 Capacity
3.2.3 Price
3.3 Acetic acid
3.3.1 Consumption
3.3.2 Global capacity
3.3.3 The supply and demand of China acetic acid market
3.3.4 The future demand of its downstream products
3.3.5 Price of Chinese market
4. Key companies
4.1 Shandong Hualu-Hengsheng Chemical Co., Ltd
4.1.1 Ownership Structure
4.1.2 Business constitute
4.1.3 Main business: urea and DMF
4.1.4 Future development
4.2 LiuZhou Chemical Industry Co., Ltd
4.2.1 Performance
4.2.2 Analysis of products
4.3 Yunnan Yunwei Group Co., LTD
4.3.1 Production
4.3.2 Performance
4.4 Inner Mongolia Yuanxing Energy Co., LTD
4.4.1 Performance
4.4.2 Coal chemical project
List of Figures
The distribution of world's energy (proven reserves)
The structure of China's energy consumption
The industry chain of coal chemical industry
The development goal of China's coal chemical products
The global demand of methanol based on regional
The global supply of methanol based on regional
The trade map of methanol in Asian market
The price of natural gas and methanol in global market
The domestic price trend of methanol 2006-May 2008
The domestic consumption structure of methanol 2007
The growth of domestic methanol production and consumption
Forecast of China's methanol demand 2008-2020
The consumption and imports of liquid gas in China
The price of domestic liquid gas
The price of domestic DME
The global production capacity and rate of operation of acetic
acid
The distribution of global capacity of acetic acid 2006
The consumption structure of acetic acid in China 2006
The production and consumption of acetic acid in China
The domestic price of acetic acid 2004- May 2008
The ownership structure of Shandong Hualu-Hengsheng Chemical
The industry chain of Shandong Hualu-Hengsheng Chemical
The growth of production capacity of Shandong Hualu-Hengsheng
Chemical
The revenue of main business of Shandong Hualu-Hengsheng Chemical
The profit of main business of Shandong Hualu-Hengsheng Chemical
The rising price of global urea
The price of urea in Chinese market
The narrowing gap of price between DMF and methanol
The growth of main business revenue of LiuZhou Chemical Industry
The growth of main business gross profit of LiuZhou Chemical
Industry
The proportion of main products' revenue of LiuZhou Chemical
Industry 2007
The proportion of main products' gross profit of LiuZhou Chemical
Industry 2007
The gross profit margin of LiuZhou Chemical Industry by products
The industry chain of coal chemical of Yunnan Yunwei Group
Comparison of gross profit ratio of coke manufacturers
Proportion of products' revenue of Yunnan Yunwei Group
Proportion of products' gross profit of Yunnan Yunwei Group
List of Tables
The output of coke in China 2007
The under-construction projects of China's coal liquefaction
The output, apparent consumption volume, import and export of
methanol in China 2000- Apr 2008
Forecast of new additional capacity methanol
Forecast of domestic consumption and demand of DME
Comparison of the cost of methanol and DME between different coal
prices
The existing and under-construction projects of DME projects
The Forecast of global consumption and demand of acetic acid
2005-2010
The capacity and expansion plan of China acetic acid industry
2007-2009
The major Chinese enterprises and capacity of DMF 2007
The capacity and expansion of coke of domestic listed companies
The sales of main products and forecast of Yunnan Yunwei Group
The expansion of methanol capacity of domestic listed companies
Profitability of Inner Mongolia Yuanxing Energy
Companies Mentioned:
-- Shandong Hualu-Hengsheng Chemical Co., Ltd
-- LiuZhou Chemical Industry Co., Ltd
-- Yunnan Yunwei Group Co., Ltd
-- Inner Mongolia Yuanxing Energy Co., Ltd
For more information visit
http://www.researchandmarkets.com/research/f21cb5/the_development_of.
Research and Markets
Laura Wood, Senior Manager
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press@researchandmarkets.com
Copyright Business Wire 2008
