Analysis of ten development trends of chemical industry under the background of carbon neutrality

07 Low-carbon new materials and degradable materials will benefit in the long run

For the future industry development of new chemical materials, Pingtou brother believes that it is attributable to two driving logic, one is the growth of consumer demand driven by dual-carbon policies, and the other is the policy-driven growth of low-carbon and degradable materials. Among them, low-carbon and degradable materials will be driven by policies to show explosive growth, and this trend can be seen from the rapid growth of PLA and PBAT industries under construction in the future.

The low-carbon and degradable materials mentioned here, such as PLA, PBAT, bio-based long chain dibasic acid, bio-based polyamide and other materials, are expected to have a booming development period of several decades in the future. In addition, the demand for new materials driven by new energy consumption, such as photovoltaic grade EVA, glass fiber reinforced modification, photovoltaic wind power coatings, etc., will be driven by consumption driven growth brought about by the general trend.

08 Coal chemical industry will open the process of high efficiency and low carbonization

As we all know, the coal chemical industry is a key industry under the general trend of carbon neutrality, because the coal chemical industry is an important carbon emission field of the chemical industry, and it is also a key transformation and upgrading industry in the future. Brother Pingtou believes that the future coal chemical industry will be a high-efficiency coal conversion and low-carbon production and operation industry, of which coal to gas is expected to be an important development direction.

As for the development trend of carbon neutrality in the coal chemical industry, the following development suggestions can be made. First, electrolytic hydrogen production after solar power generation can meet the demand for hydrogen in the coal chemical industry, such as coal to gas, coal to olefin, coal to methanol, etc., which can reduce the cost of hydrogen collection and reduce carbon emissions in the process of hydrogen production. The second is to improve the coal gasification process, enhance the carbon conversion rate, and reduce the coal consumption is an important direction of technical research in the coal chemical industry. Such as the use of advanced gas bed coal gasification process, the coal quality requirements are lower, higher carbon conversion rate.

Under the general trend of carbon neutrality, for the transformation of the coal chemical industry, Pingtou Brother believes that it will be the key change direction in the chemical industry, and it will also be a more in-depth reform of the industry.

09 The decarbonization of the power industry provides more abundant raw materials for coal chemical industry

Brother Pingtou learned that China's power industry is the first carbon emission of various industries, so the decarbonization of the power industry is an important reform direction to reduce carbon emissions. Regarding the decarbonization of the power sector, the important directions are photovoltaic power generation, wind power generation and other low-carbon power generation modes.

At the same time as the power industry continues to reduce its dependence on coal, the supply and application of coal in other industries is expected to increase significantly, resulting in a decline in the value of coal in the long run. Brother Pingtou believes that this will be conducive to the production of coal chemical industry with coal as raw materials, reduce the production cost of coal chemical industry, and drive the competitiveness of coal chemical production.

10. The decarbonization of maritime trade is imminent, which is good for LNG

In 2020, the global seaborne trade volume will reach 11.47 billion tons, of which the trade volume of coal will exceed 800 million tons, the trade volume of crude oil will exceed 2 billion tons, the trade volume of refined oil products will exceed 1 billion tons, the trade volume of LNG will exceed 300 million tons, and the total trade volume of energy will exceed 4 billion tons.

According to the changing trend of seaborne trade volume, the trade volume of coal, crude oil and refined oil products shows a gradual decline in the global seaborne market, excluding the factors of the decline in the overall trade volume due to the epidemic in 2020, which has a direct impact on the transformation of the energy structure brought about by the carbon neutrality of globalization. However, the volume of LNG trade is gradually increasing. Due to the low-carbon energy properties of LNG, the global consumption of LNG will gradually increase, thus driving the growth of global trade volume. Flathead believes this trend will continue in the global seaborne energy trade structure for decades to come.