Shanxi Lists CBM and Modern Coal Chemicals as Strategic Emerging Industries

The Fifth Session of the Eleventh People's Congress of Shanxi Province was formally closed. The “Twelfth Five-Year Plan” outline of the province was reviewed and approved by the General Assembly. According to the planning outline, the total production value of Shanxi is expected to increase by 13% annually during the next five years. In terms of industrial development, it will build several metallurgical bases such as iron and steel, aluminum, magnesium and copper, and promote the development of emerging industries such as new energy, energy conservation and environmental protection, and biological and new energy vehicles. It is worth mentioning that as a major province of energy, Shanxi has for the first time included CBM industry and modern coal chemical industry in strategic emerging industries.
According to the “Twelfth Five-Year Plan” outline of Shanxi, Shanxi will vigorously promote industrial innovation based on the comprehensive reform pilot zone for national resource-based economy transformation, that is, make full use of high and new technology and advanced and applicable technologies to transform and upgrade traditional industries and realize traditions. Industrial optimization and upgrading, product replacement. Promote the breakthrough development of the “7+2” strategic emerging industries in Shanxi Province, based on the seven industries identified by the country: new energy, energy conservation and environmental protection, biology, high-end equipment manufacturing, new materials, new generation information technology and new energy vehicles. , increase the coalbed gas industry and modern coal chemical industry. According to the previous report from the Shanxi Development and Reform Commission, the modern coal chemical industry is also considered as a pillar industry in the future of Shanxi. At present, many listed companies in Shanxi have involved in these two areas.
In the coal industry, Shanxi will build China Taiyuan Coal Trading Center and Shanxi Coal Futures Exchange, and strive to build a national coal logistics platform. It will also improve the construction of the Shanxi-Jinan Coal Mine Transit Channel, complete the construction of the Central-South Railway Passage, the Taixing Railway, and the Taiyuan Hub Freight East-Rail Line, and will focus on the construction of six national-level integrated transport hubs in Taiyuan, Datong, Yuncheng, Linyi, Changzhi, and Lüliang.
The related projects of several listed companies or their parent companies have been listed as key targets for development in the “Twelfth Five-Year Plan” in Shanxi. For example, in the metallurgical aspect, the planning outline will focus on promoting the construction of the Taiyuan Stainless Steel Deep Processing Park at Taigang’s Luliang Steel Base. In heavy machinery, we will focus on the group of too heavy group, integrate industrial resources, build a national demonstration base for heavy equipment manufacturing with Taiyuan as the center, promote the construction of the alcohol industry park with Fengjiu Group as the leading, accelerate the effective integration of liquor resources in the province, etc. .

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