According to an announcement previously made by Inner Mongolia's natural alkaloids, it will exchange assets with the largest shareholder, Inner Mongolia Boyuan Investment Group Co., Ltd., and hold a 51.2% stake in Boyuan Lianhua Chemical Co., Ltd., which mainly produces and sells methanol and its downstream products. The company is building 1 million tons of natural gas methanol production base.
“The company will gradually shift from inorganic chemicals to organic chemicals, from natural alkalotic industry to natural gas industry, and eventually to the energy industry. It plans to use the 1 million-ton methanol project to occupy the top spot in the domestic coal chemical industry similar projects.†The future development plan for natural alkaloids is very clear.
Analysts at Galaxy Securities pointed out that through the series of measures such as share swaps, issuance, and asset replacement, Petronas is vigorously developing its methanol business. By 2008, the methanol business will account for more than 80% of its profits.
According to the statistics, the methanol business that focuses on the future development of natural base is also facing a broad market prospect. From 2000 to 2006, the domestic demand for methanol increased at a rate of 46.5%. Based on this, the demand for methanol in China will reach about 9.6 million tons in 2007. In addition, in order to reduce the high incidence of ophthalmology in economically developed regions such as the Yangtze River Delta and the Pearl River Delta, the National Development and Reform Commission issued the “Notice†beforehand, and does not approve methanol projects with an annual production scale of less than 1 million tons. Exit the production of methanol. This undoubtedly provides better market space for existing methanol producers including trona.
It was also learned that after investigations with relevant parties, trona could receive preferential gas prices ranging from 0.32 yuan/cubic meter to 0.48 yuan/cubic meter. Therefore, the company's current average cost of methanol production is only 1,500/tonne to 1600 yuan/tonne. The production cost of 2300/ton in the coastal area is lower by 700 to 800 yuan/ton, and the cost advantage is obvious.
“The company will gradually shift from inorganic chemicals to organic chemicals, from natural alkalotic industry to natural gas industry, and eventually to the energy industry. It plans to use the 1 million-ton methanol project to occupy the top spot in the domestic coal chemical industry similar projects.†The future development plan for natural alkaloids is very clear.
Analysts at Galaxy Securities pointed out that through the series of measures such as share swaps, issuance, and asset replacement, Petronas is vigorously developing its methanol business. By 2008, the methanol business will account for more than 80% of its profits.
According to the statistics, the methanol business that focuses on the future development of natural base is also facing a broad market prospect. From 2000 to 2006, the domestic demand for methanol increased at a rate of 46.5%. Based on this, the demand for methanol in China will reach about 9.6 million tons in 2007. In addition, in order to reduce the high incidence of ophthalmology in economically developed regions such as the Yangtze River Delta and the Pearl River Delta, the National Development and Reform Commission issued the “Notice†beforehand, and does not approve methanol projects with an annual production scale of less than 1 million tons. Exit the production of methanol. This undoubtedly provides better market space for existing methanol producers including trona.
It was also learned that after investigations with relevant parties, trona could receive preferential gas prices ranging from 0.32 yuan/cubic meter to 0.48 yuan/cubic meter. Therefore, the company's current average cost of methanol production is only 1,500/tonne to 1600 yuan/tonne. The production cost of 2300/ton in the coastal area is lower by 700 to 800 yuan/ton, and the cost advantage is obvious.
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