1. Project Overview and Construction Progress
china Shaanxi Coal Group Yulin Chemical 15 million Tons/Year Coal Quality Separation, Clean and Efficient Conversion Demonstration Project Phase II Project is located in Qingshui Industrial Park, Yulin Yushen Industrial Zone, Shaanxi Province, China, with a total investment of 176 billion yuan. It is currently the largest single coal chemical project in the world. The project will be constructed in stages, with an area of 9200 mu in the first stage and an estimated investment of 62 billion yuan. Nine core domestic space furnaces have been hoisted in place in April 2026, and equipment piping and system installation are currently being carried out in an all-round way. The industry generally predicts the release of production capacity in 2028-2029, and there is no official approval period for production at the end of 2027.
Benefit calculation: after the completion of the first phase, the annual sales revenue is 20.7 billion yuan and the after-tax profit is 3.3 billion yuan; After the project is fully put into operation, the total annual revenue will exceed 90 billion yuan. The gasification unit is equipped with 9 3500-ton domestic aerospace pulverized coal gasifiers, with a single daily input of 3500 tons of coal, a daily processing of 31500 tons of coal at full load, and an annual conversion of over 10 million tons of coal. Equipment coal adaptability is wide, carbon conversion rate can reach more than 99%, relying on China's Shaanxi Yulin local coal resources to build cost advantages, to promote coal chemical industry to high-end new materials track extension.
2. High-end Product Layout and Industrial Upgrading Logic
the project jumps out of the development mode of traditional coal chemical industry that only produces basic raw materials, and plans a total of 45 products in four categories, focusing on EVA, POE, polycarbonate (PC), lithium battery electrolyte solvent (DMC/EC/DEC), polyether polyol, SAP and other high value-added new energy materials.
The transformation path of Yulin chemical industry of China Shaanxi Coal Group is clear: the world's largest coal-to-ethylene glycol plant will be built in the first phase, and the transformation from fuel-based coal chemical industry to basic chemical raw materials will be completed; The second phase anchors photovoltaic and lithium supporting new materials, keeps the development idea consistent with the "oil reduction and increase" of China's coastal refining and chemical enterprises, continuously increases the production capacity of high value-added new materials, and realizes leapfrog upgrading of coal chemical industry.
3. Reshaping the Competitive Landscape of China's Chemical Industry
for a long time, China's chemical industry has formed two development tracks: China's western coal chemical industry relies on coal resources to produce basic chemicals, China's eastern coastal refining with imported crude oil to produce EVA, POE, high-end engineering plastics and other new materials. China's Shaanxi Yulin this large-scale coal-based new materials project landed, breaking the industrial boundary, coal-based route directly to the standard oil-based refining, in photovoltaic materials, lithium-electric solvents, high-end polyolefin field to form a direct competition.
After the completion of the project, China will form a dual-core pattern of the eastern coastal oil-based new material cluster and the northwest Yulin coal-based new material base. The plant is close to the new energy industry cluster in northwest China, with the location advantage close to the end market, superimposed on the local coal cost advantage, in the global new material production capacity cycle with differentiated competitiveness.
4. Post-market Supply and Demand and Overseas Trade Tracking Suggestions
with the concentrated production of Yulin Chemical Phase II of China Shaanxi Coal Group and a number of 100 billion-level refining and chemical projects along the coast of China, popular new materials such as EVA, POE, PC and lithium electrolyte solvents will gradually shift from structural tight balance to loose production capacity. The core of future industry competition focuses on the three dimensions of raw material cost, process barriers and stable downstream channels.
Overseas trade and supply chain practitioners focus on: China Yulin plant capacity climbing rhythm, high-end new energy brand release progress, medium-and long-term China's domestic coal-based new materials will continue to compress the premium of imported products, change the trade flow in the Asia-Pacific region, can pay attention to China's northwest source procurement opportunities in advance, optimize the global procurement layout.
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