The 13th Coal-to-Olefin and New Materials Forum 2021 will be held in Ordos, Inner Mongolia in September. The carbon neutral program and ideas of olefin and new materials projects will be an important topic.

The meeting will also arrange inspections of coal-to-olefins and new materials industry bases.

On August 2, investors asked Baofeng Energy: Inner Mongolia released in February 2021 "Several Safeguard Measures for Ensuring the Completion of the Energy Consumption Dual Control Objectives of the 14th Five-Year Plan (Draft for Solicitation of Comments)", except for the national plan. Except for modern coal chemical projects in the autonomous region that extend and supplement the chain, in principle, no new modern coal chemical projects will be approved during the "14th Five-Year Plan" period. I would like to ask: Is the company's 4 million tons polyolefin project affected by this?

The company’s answer: The company’s 4 million tons/year olefin project in Inner Mongolia is a modern coal chemical project with a national planning layout and an autonomous region’s extension and replenishment of the chain. "Development Layout Plan" is a key demonstration project among the four modern coal chemical industry demonstration zones planned and laid out.

Previously, Baofeng Energy disclosed that relevant ministries and commissions are adjusting relevant industrial policies in accordance with the national "carbon peak and carbon neutral" target. In accordance with the new requirements of the Ministry of Ecology and Environment, the company has added a special chapter on carbon emission reduction in the EIA report of the Inner Mongolia olefin project and has been submitted for review. The company’s environmental report has added content in accordance with the new requirements, and it will take some time to report according to the procedures. However, the relevant state departments have not stopped the review work, but actively guided the company to add special articles on carbon emission reduction in accordance with the new requirements, and actively strengthened the inter-ministerial Coordination to promote the review progress of major projects. Therefore, the progress of the project's environmental impact assessment has not been hindered, and it is still proceeding smoothly as required by the policy.

—Baofeng Energy's hydrogen production project by electrolysis of water was put into production

In April 2021, the "National Comprehensive Demonstration Project for Hydrogen Production by Solar Water Electrolysis" implemented by Baofeng Energy was officially put into operation, becoming China's first industrial enterprise that uses new energy to replace fossil energy to truly achieve a "carbon neutral" path.

According to Wang Jirong, the person in charge of Baofeng Energy's hydrogen energy project, the project introduced a single set of electrolyzers with a production capacity of 1,000 square meters per hour, gasification separators, hydrogen purification and other equipment systems, and its advanced nature has reached the domestic advanced level. After the project is fully put into operation, the project will reduce coal resource consumption by 254,000 tons and carbon dioxide emissions by approximately 445,000 tons per year. The social benefits are significant. At the same time, the company will actively cooperate with scientific research institutions to conduct in-depth research on the application of solar and wind energy and the manufacture of hydrogen energy. , Storage and transportation, and multi-field and multi-scenario market applications.

Baofeng Energy has a forward-looking layout, accelerated the transformation and upgrading of the enterprise, and launched the development strategy of replacing fossil energy with new energy. Based on source governance, implement a national-level solar water electrolysis hydrogen production project, use solar energy to produce green electric energy, and then use green electric energy as a power source, produce "green hydrogen" and "green oxygen" through water electrolysis, and replace coal with "green hydrogen". As raw materials, "Green Oxygen" replaces coal as a fuel, and directly supplies hundreds of high-end chemical products such as polyethylene and polypropylene to the chemical system, marking the start of Baofeng Energy's entire line of "carbon neutrality".

According to the person in charge of Baofeng Energy, the projects put into production this time include a 200,000 kilowatt photovoltaic power generation device and an electrolyzed water hydrogen production device with a capacity of 20,000 standard cubic meters per hour. They are global in terms of single plant scale and single production capacity. Forefront, the comprehensive cost can be controlled at 1.34 yuan per bidder.

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Baofeng Energy launched the hydrogen energy industry layout in 2019, and gradually increased investment in scientific research, and strengthened the integration of related businesses with the company's original industrial chain. In order to continue to cultivate the growth momentum of green innovation, Baofeng Energy initiated the establishment of Beijing Baofeng Carbon Neutrality Research Institute on the same day. "The next step is to increase the conversion rate and reduce production costs through technological innovation. Baofeng Energy will use all depreciation funds and part of the profit funds to realize the cost of solar power generation at 0.068 yuan per kilowatt-hour, and the cost of green hydrogen production at 0.7 yuan per bid square." The person in charge said.

It is understood that Baofeng Energy is a domestic leader in high-end coal-based new materials, and has now built a national leading circular economy industrial cluster integrating "methanol, olefins, polyethylene, fine chemicals, and new energy". According to data recently disclosed by the company, in the first quarter of 2021, Baofeng Energy achieved operating income of 5 billion yuan, a year-on-year increase of 38%; net profit attributable to shareholders of listed companies was 1.7 billion yuan, a year-on-year increase of 110%.

Pictures The 13th Coal-to-Olefin and New Materials Forum 2021 hosted by ASIACHEM will be held in Ordos, Inner Mongolia on September 16-17. It will discuss China's olefin and new material industrial policies; MTO process and catalyst technology improvement; plant operation optimization Competitiveness of a large-scale coal-to-olefin plant with a capacity of 800,000-1 million tons per year; comparison of the competitiveness of coal-to-olefin/large-scale refinery/PDH/ethane cracking to olefin; development direction of high-end chemical industry chain; metallocene poly Olefin technology and industry trends; high-value utilization of by-products and environmental protection; "carbon neutral" ideas and programs for coal-to-olefins and new materials, etc. The meeting will also visit a large coal-to-olefin demonstration plant.

1. China's coal-to-olefins and new materials industrial policy under the background of "carbon neutrality"

2. CTO/large refining/PDH/ethane cracking: olefin capacity expansion trend 2021-2025

3. New technologies and new projects of coal-to-olefins and new materials

4. The competitiveness of a single set of 800,000-1 million tons/year larger coal-to-olefin plant

5. Coal-to-olefins and new material industry chain development

6. Planning of high-end and differentiated products for downstream olefins (mPE, mPP, EVA, etc.)

7. Metallocene polyolefin process and catalyst

8. High-value utilization of C4-C6 by-products

9. The latest technology of air separation, coal gasification, synthesis gas purification, MTO, new materials

10. Operational optimization and smart factory

11. Project environmental assessment and environmental protection solutions

12. Carbon-neutral customized solutions for coal-to-olefins and new materials

13. Industrial tour: large-scale coal-to-olefin and new material industrial base

The 4th CO2 Capture, Storage, Utilization and Carbon Neutrality Forum 2021 will be held in Chengdu, Sichuan on September 9-10. The conference will discuss China’s “dual carbon” policy and the development trend of the chemical industry, carbon emission trading market analysis and forecast, low-cost and high-efficiency CO2 capture, enrichment and transportation technology, CO2 to methanol, olefins, aromatics, synthesis gas, Technology and demonstration progress of high-value products such as ethanol, gasoline and degradable plastics, CCUS demonstration project operation experience, CCUS whole industry chain project planning, carbon neutral configuration plans for high-carbon emission enterprises and new energy and chemical projects, etc.

1. Carbon peak carbon neutral policy and action plan

2. Analysis and forecast of the national carbon emission trading market

3. Low-cost and high-efficiency CO2 capture, concentration and transportation technology

4. Demonstration experience and application practice of CO2-EOR to enhance oil recovery

5. CO2 produces high-value chemicals-methanol, olefins, aromatics, formic acid and synthesis gas

6. CO2 hydrogenation to produce liquid fuels-ethanol, gasoline or polyalcohols

7. CO2 biodegradable plastic technology and project progress

8. New CCUS whole industry chain demonstration project planning

9. Coupling application of green hydrogen cost, technology, project and CCUS

10. Carbon neutral emission reduction path for high-carbon emission companies

11. Carbon neutral configuration plan for new chemical projects

12. Industrial visits and business visits