Coal chemical industry policy is unchanged in the short term

At the Fourth China High-tech Symposium on International Coal Chemical and Coal Conversion, Hou Shiguo, deputy director of the Industrial Policy Department of the Ministry of Industry and Information Technology, made it clear that China is long-term and will not change in the short term. With regard to the development of the coal chemical industry, the state still adopts an encouragement policy that requires the efficient use of energy and resources and the reduction of emissions.

It is understood that there are still a series of problems in China's coal chemical industry. There are fewer modern large-scale enterprises and many small and medium-sized enterprises. Each big coal-producing province competes on too many points, the added value of products is low, and subsequent application technologies have not kept pace.

Hou Shiguo stressed that the development of the coal chemical industry cannot be achieved overnight and must respect the objective laws of the market. The strategic layout of coal chemical industry should focus on large-scale, base, and integration in order to break the bottleneck of oil prices and coal prices.

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