After experiencing the global energy shortage in 2021, at the beginning of 2022, the energy problem still affected people's hearts and won the hot word list in the capital market.
However, amid the voice of rising international energy prices, the news of ensuring people's livelihood, increasing production and stabilizing prices in China is also heard. Under the general direction of steady economic growth in 2022, China's energy market is facing the changeable international situation, and the phased supply-demand relationship is still complex.
What problems will China's foreign energy market face in the new year? Can the effectiveness of China's energy price stabilization policy finally appear? In the context of "double carbon", what is the progress and market impact of China's energy structure adjustment?
Recently, the reporter of securities times · e company actually explored the front-line coal mines and petrochemical enterprises, and communicated with industry listed companies and professional analysis institutions in many ways, in order to gain insight into the market pattern and pulse the trend of energy prices in advance.
After the Spring Festival, the signs of "restlessness" in China's coal market began to rise, and the "ballast" to regulate supply and stabilize prices followed closely.
The reporter of securities times · e company learned from the actual exploration of the front line of coal production after the festival that unlike the tradition of phased slowdown of supply at the beginning of the lunar calendar in previous years, coal enterprises maintained a normal production rhythm before and after the Spring Festival this year, and achieved remarkable results in ensuring supply.
Most coal industry enterprises and analysts believe that, despite the continuous news of "energy shortage" around the world, as an important energy source in China, the coal market will fluctuate steadily under the regulation of supply guarantee policy. Although the price will not decline sharply, it is difficult to see the previous abnormal rise in 2022.
at the beginning of the year of the tiger, the upsurge of coal mine supply guarantee continued
As an important watershed of the three major water systems of the Yellow River, the Huai River and the Yangtze River, Funiu mountain range stretches for more than 800 Li. It is a main mountain range extending from Qinling mountain to Henan Province. Shoushan mountain, located five miles south of Xiangcheng County, Henan Province, is named as the head of the cattle.
Shoushan not only carries a long history and culture, but also contains abundant coal reserves. Shoushan No. 1 coal mine, one of the 14 major coal mines under China Pingmei Shenma Group, is located here. The group and Baowu group jointly funded and established Henan pingbao Coal Industry Co., Ltd. (hereinafter referred to as "pingbao company") to plan the mining of local coal resources with recoverable reserves of 308 million tons.
Different from the tradition of "long holidays" of coal enterprises around the Spring Festival in previous years, the reporter of securities times · e company saw the scene of hot production in pingbao company just after the lunar year of the tiger.
Although it is Sunday, in the company building, the personnel of the production dispatching command center are busy communicating the mining progress; At the wellhead, the cage also continuously carries the front-line coal workers to and from the bottom of the well with a depth of 760 meters to perform work tasks; In the outfield, it can also be seen that the internal train slowly drives out to transport the fresh coal products from the coal bunker to the surrounding coking plants.
"Under the national production guarantee policy, and thanks to the results of the company's intelligent production reduction and efficiency increase in recent two years, the mine did not have a day off during the Spring Festival this year, maintaining the normal production level." On the first Sunday holiday after the festival, Zhang Guochuan, chairman of pingbao company, served as the general duty. He told the reporter of securities times · e company that in recent years, the company has reduced the coal mining team that originally needed more than 30 people to five people through the intelligent transformation of the coal mining process. If the number of people who needed to be on duty was large in the past and many employees were far away from home, it would be difficult to organize the production of the Spring Festival. During the Spring Festival in previous years, Shoushan No. 1 mine had at least three days for maintenance. After the Spring Festival holiday, the staff should also have a return to work process. They should fully resume normal production as soon as possible after the sixth day of the lunar new year. However, in order to ensure supply this year, the coal mine only carried out maintenance work on the first day of the new year, and guaranteed the planned production indicators on that day. The production situation at other times is the same as that on weekdays.
"Although the raw coal products produced by pingbao company are mostly used downstream as high value-added coking coal after coal washing and refining, in order to ensure the local power supply, the company has also guaranteed the production and supply of Xuchang local thermal power enterprises in recent years. 7000-8000 kcal of raw coal can be used for power generation production after doping and blending." He said.
The supply guarantee measures of Shoushan No. 1 coal mine are the epitome of the current efforts of China's coal enterprises and related industries to improve the production and supply capacity of coal energy.
Shanxi Lanhua Sci-Tech Venture Co.Ltd(600123) the relevant person in charge told the reporter of the securities times · e company that in previous years, the Spring Festival holidays of the front-line production departments of coal mines were mostly about 20 days, but this year, in order to complete the production task of guaranteed supply, they did not stop production for one day.
People from Wintime Energy Co.Ltd(600157) also mentioned in an interview with the reporter of the securities times · e company that the coal production of the company's mines was normal before and after the Spring Festival and Winter Olympics this year. Since September 2021, the coal enterprises affiliated to the company have guaranteed the supply of 25000 tons of washed and blended coal for local power plants and 50000 tons of washed and blended coal for subordinate power plants every month. The relevant national guarantee policies will continue to be implemented in 2022.
In order to ensure the supply of production, in 2021, 98 coal mines to be increased by nuclear power in Shanxi Province were listed as guaranteed supply coal mines. Under the condition of ensuring safety, relevant coal mines can produce according to the production capacity after the proposed nuclear power increase in the fourth quarter, and start the handling of nuclear power increase procedures at the same time. Jintaiyuan coal mine and sendayuan coal mine under Wintime Energy Co.Ltd(600157) are also listed.
The company previously announced that its coal mining enterprises, jintaiyuan coal mine and sendayuan coal mine, were listed as guaranteed supply coal mines in Shanxi Province in 2021. In the fourth quarter of 2021, under the condition of ensuring safety, they can organize production according to the proposed increased capacity. At present, the approved capacity of jintaiyuan coal mine and sendayuan coal mine is 2.1 million tons / year, the proposed nuclear increase capacity is 3 million tons / year, the net increase capacity is 900000 tons / year, and the output increase forecast in the fourth quarter of 2021 is 225000 tons. After the subsequent completion of the above coal mine nuclear increase procedures, the total capacity of the main coking coal and coking coal mines in production owned by the company will be increased from the current 9.3 million tons / year to 10.2 million tons / year.
"The increase in production of these 98 coal mines is in addition to the previously approved production capacity. At present, the company's coal mines have not been included in this batch of guaranteed supply coal mines, but they may also have a certain increase compared with the previously approved production capacity." The person in charge of Jinneng Holding Shanxi Coal Industry Co.Ltd(601001) also said in an interview with the reporter of securities times · e company.
supervision and supply of "ballast stone" has achieved remarkable results
The "extraordinary play" of China's coal enterprises' production is based on the global energy supply shortage since 2021.
Affected by global decarbonization, the transformation of energy structure is accelerated and the supply of traditional energy is reduced. In the post epidemic era, energy demand has increased steadily since 2021, which leads to the mismatch between supply and demand of traditional energy and the price continues to rise.
Among them, coal, as an important basic energy, has occupied an absolute weight in China's primary energy consumption structure for a long time. Under the global energy shortage in 2021, China's coal price also rose abnormally. The annual average price of thermal coal reached 1030 yuan / ton, a record high, and set a new historical extreme value of 2587.5 yuan / ton on October 20, 2021.
in the face of high coal prices, many relevant national departments have introduced measures to ensure supply and stabilize prices. after September 2021, China's coal market began to face regulation at the policy level. Whether it is to relax the procedures for applying for nuclear increase in production capacity of coal mines or postpone the market of joint commissioning of coal mines, relevant departments have effectively released part of the production capacity through various ways, alleviated the early shortage of China Shipbuilding Industry Group Power Co.Ltd(600482) coal supply, and the prices of power coal and coking coal have been cut back in the short term.
However, in 2022, the global energy shortage continues, the supply of coal is tight, and the news of high prices is also heard.
On the last day of 2021, the Indonesian government suddenly announced that due to the shortage of coal supply for Chinese power plants from January to February, it would stop coal export from January 1 to January 31, 2022, so as to alleviate the power crisis caused by China's coal supply shortage.
Due to the shortage of supply and the escalation of tensions between Russia and Ukraine, the global coal price rose by more than one third in January, approaching the record high set in October 2021, and the benchmark Newcastle coal index rose to US $262 per ton.
Just after the lunar new year, the National Bureau of statistics released data showing that coal prices generally rose in late January 2022 compared with mid January. Among them, the price of Shanxi mixed coal (5000 kcal) increased by 13.3%, the price of Datong mixed coal (5800 kcal) increased by 11%, and the price of coking coal (main coking coal) increased by 1.6%.
"After the policy regulation at the end of 2021, the price of China's coal market has dropped significantly. However, in 2022, especially around the Spring Festival, there is an upward impulse in the power coal market. The highest closing price of the port recently appeared around February 5, reaching 1170 yuan / ton." Chen Shoujuan, an analyst at the business agency, told the reporter of the securities times · e company that just after the Spring Festival, in the face of the changing trend of the coal market, the relevant state departments quickly started to lower the price, and indeed achieved remarkable results. At present, the average closing price of the monitored port is about 1030 yuan / ton, which has fallen back from the previous high.
According to Wintime Energy Co.Ltd(600157) people, in January 2022, affected by Indonesia's coal export restrictions, the paralysis of China's intervention policies, the decline of coal mine production near the Spring Festival holiday and other factors, China's coal prices rose sharply again, broke through the price limit, and continued to rise. In this regard, the national development and Reform Commission and the Energy Administration held consecutive meetings after the Spring Festival, requiring coal production enterprises to speed up the restoration of normal production and supply, strictly implement the national policy requirements of ensuring supply and stable price of coal, and further study and take measures such as investigation and accountability if they still fail to rectify after being reminded; Interview some enterprises that buy and sell coal at high prices and disrupt the market order. From February 10, the pit mouth prices of some coal mines began to decline gradually. It is expected that they may reach the expected target of the national development and Reform Commission after late February.
On the afternoon of February 9, the national development and Reform Commission held a video conference on arranging the work of stabilizing the coal market price, which clearly required that the port price be stabilized below 900 and the pit price be stabilized below 700. In addition to price control, after a period of supply guarantee measures, China's coal supply is also in a loose situation as a whole.
On February 8, the national development and Reform Commission announced that since February 3, coal production in various regions has rebounded rapidly, and has basically returned to the pre holiday level. The coal storage of national unified dispatching power plants remains above 165 million tons, an increase of more than 40 million tons over the same period last year. With the accelerated recovery of coal production, the demand for coal in superimposed heating season has decreased, and the guarantee capacity of coal supply will be further enhanced.
According to the data released by China National Railway Group, as of February 3, 363 railway direct supply power plants in China had stored 66.95 million tons of coal, an increase of 27.96 million tons or 72% year-on-year. The number of days of coal storage can be more than 18 days, creating the best record in history.
the downstream cost of high coal prices is still under pressure
Although under the background of policy regulation, China's coal price has dropped significantly from the high point in 2021, it is still at a relatively high price compared with the same period in previous years, and the performance of coal enterprises is still considerable.
"When the coal market was bad a few years ago, who would be willing to come to our place. But with the rise of coal prices in the past two years, the benefits of enterprises will naturally be better and more people will pay attention to it." In the interview, the coal mine staff revealed their pride in their words. They joked that the past 2021 was the best year in the history of the coal industry. Even in the third and fourth tier cities, it was easy for front-line employees to earn more than 200000 yuan a year.
As the most profitable mining enterprise under China Pingmei Shenma Group, pingbao company achieved a sales revenue of 2.53 billion yuan in 2021, with a year-on-year increase of 31.45%, and its output, profit and other indicators also reached a record high. In January this year, the company's raw coal output also reached 198700 tons, and the total monthly profit reached 140 million yuan, realizing a "good start".
With the high coal price, the power cost rises, and the power supply situation tends to be tense, which undoubtedly has a chain impact on the downstream manufacturing production.
According to the data previously released by the Environmental Planning Institute of the Ministry of ecological environment, in 2019, the total coal consumption of China's four key industries of thermal power, steel, cement and coal chemical industry accounted for 86% of the total national coal consumption, of which the coal consumption in the power industry accounted for the largest proportion, reaching 54%, followed by the steel, coal chemical and cement industries, accounting for 17%, 9% and 6% respectively.
"Coal prices continue to be high, and the cost pressure of power generation enterprises can be imagined. The most important thing for thermal power enterprises is the cost of coal. Each kilowatt hour of electricity equivalent to 7500 kcal of standard coal needs about 300-350 grams." A person from a listed company involved in power generation production told the reporter of the securities times · e company that the company generates power through its own power plant and mostly uses the power coal purchased on the market. In 2021, the price of power coal will be more than 2000 yuan / ton. Even if it is so high, it is not easy to purchase.
In 2021, with the coal price rising month after month, the cost of thermal power generation is under pressure and the supply is tightening. Since the middle of May, there has been a shortage of power supply and demand in Guangdong and Yunnan, and some regions have to take peak shifting power rationing measures. In order to alleviate the production pressure of power enterprises and ensure the people's livelihood, while the relevant national departments ensure the supply and stabilize the coal price, the national development and Reform Commission also issued the notice on further deepening the market-oriented reform of on grid electricity price of coal-fired power generation in October 2021, which has taken a leap forward in the history of China's power market-oriented reform. With the response of many local provinces, the rise of market electricity price has been implemented one after another.
However, the above-mentioned enterprises involved in power generation production said that although the price of thermal coal has dropped significantly from last year's high, it is still at a high level compared with the average price of 500 or 600 yuan per ton in previous years, and thermal power generation is still at a loss. "After the expansion of the range of electricity price, there has indeed been a certain increase, but it still can not cover the production cost. At present, the local price of electricity per kilowatt hour is 0.45 yuan, but the power generation cost of the company is still 0.48 yuan. The company's own coal blending itself can reduce some costs, and the overall power generation cost control is better than that of coal purchasing enterprises in the same region." He said.
At the same time, Wintime Energy Co.Ltd(600157) , which owns the business of coal and electric power, also feels the significant impact of the market.
"At present, the company's self-produced coal is mainly coking coal. Affected by the market situation, the coal sector has performed well, which has greatly improved the company's performance. The power generation coal of the company's power plant is mainly power coal, and its price rise has led to serious losses in the coal power industry, affecting the power supply in some areas in time." The above Wintime Energy Co.Ltd(600157) person said that the fluctuation of coal price did not affect the power demand, and the power demand of Jiangsu and Henan provinces where the company's power plant is located has increased significantly. However, the rise of coal price has greatly increased the cost of the company's power sector (the average price of q5000 power coal in Qinhuangdao in 2021 increased by more than 80% compared with that in 2020; the average price of imported power coal q3800 in Indonesia increased by more than 120% compared with that in 2020), which has greatly exceeded the affordability of coal power enterprises, and the operation of coal power enterprises is extremely difficult. In the short term, the coal for power generation of the power plant still mainly depends on external procurement. Under the pressure of high coal price and power supply guarantee, the company also tried every means to open up transportation and other links, supply some coal washing by-products to Henan regional power plants, make up for the coal gap, overcome many difficulties, give all-round support such as power plant funds, effectively complete the task of power supply guarantee, and effectively ensure social stability and normal development of local economy.
Similarly, affected by the cost price of coal, the cement market has reached a record high price in the past 2021, but the industrial efficiency has shown a downward trend year-on-year.
In 2021, the cement industry achieved an operating revenue of 1075.4 billion yuan, a year-on-year increase of 7.3%, and a total profit of 169.4 billion yuan, a year-on-year decrease of 10%.
Chen Bolin, Deputy Secretary General of China Cement Association and President of digital cement network, pointed out in an earlier interview with the reporter of securities times · e company that the abnormally high coal price has had a profound impact on the cement industry. Generally, the coal cost accounts for about 40% of the total cost of cement, and it will certainly account for a higher proportion at present. The capital pressure of bulk price increases on the downstream has slowed down the construction progress of the downstream. In previous years, September to November was the peak season of production and sales in the southern market, and nearly one-third of the production and sales were realized in the fourth quarter. However, in the fourth quarter of 2021, the demand of Guangdong and Guangxi was almost halved, and the market demand side was significantly weakened compared with previous years.
In 2021, the annual coal cement price ratio was 2.27:1. In 2022, the coal price fell back and the price ratio fell to 2.02:1, but the current price ratio relationship is still higher than that in normal years. In 2018-2020, when the benefits of the cement industry are the best, the coal cement price ratio is below 1.4:1.
it is difficult to reproduce China's "coal crazy" in 2022
"According to the spirit of the recent meeting of the national development and Reform Commission, the coal pit price of 5500 cards can not exceed 700 yuan / ton, and the port closing price can not exceed 900 yuan / ton. At present, there is still room for downward coal prices." Chen Shoujuan said that the current port closing price is still above 1000 yuan / ton, and it is difficult for downstream thermal power and other industries to make profits. Under the policy repression, there is a price reduction expectation in the market, and the price of thermal coal may not rise sharply in 2021, which will return to a reasonable space.
In the interview, Pingdingshan Tianan Coal Mining Co.Ltd(601666) the relevant person in charge also believed that under the general trend of steady growth, China's infrastructure will develop in 2022, the macroeconomic situation will still be good, and the demand for steel and electricity in the downstream of coal is still strong expectations. However, China's policy of ensuring supply and price stability has been implemented in place. It is difficult for China's coal price to fluctuate sharply in 2022, but there will be no obvious price decline, and the overall situation will be high shock.
\u3000\u3000 "With the centralized resumption of work and production of small and medium-sized coal mines in the producing areas, China's coal supply will gradually increase. At the same time, the recovery of coal production will be accelerated, the demand for coal in the superimposed heating season will decline, and the guarantee capacity of coal supply will be further enhanced. However, in terms of supply, the supply of coal is still tight, especially the high-quality coal source is extremely tight; the output begins to rise gradually, which is difficult to achieve in the short term Supply and demand balance; Due to strong policy intervention, prices fell, but the actual transaction was limited. " Wintime Energy Co.Ltd(600157) people believe that due to the state's coal price policy regulation after the Spring Festival, the prices of imported coal and domestic trade coal are upside down, and the price linkage between international and China is decoupled. However, the sharp rise in global natural gas prices has prompted users to turn more to coal.
The continued deterioration of the situation in Russia and Ukraine will have a negative impact on the global coal market, while the pressure on China's coal price policy regulation will increase.
According to Bloomberg news, American coal miners have basically sold out of coal in 2022. It is expected that it will still be difficult to liberalize the import of Australian coal in 2022. After Australian coal is limited, Russian coal has become the main imported coal source of China second only to Indonesian coal, but the increment of Indonesian and Russian coal is very limited. It is expected that the imported coal market will still be in short supply in 2022. Therefore, judging the price of imported coal may often be upside down with the price of domestic coal.
Since the fourth quarter of 2021 and the implementation of a series of coal supply and price limiting measures such as the new "long-term coal price mechanism" in 2022, the country has vigorously promoted the return of coal prices to rationality, indicating that the country has raised energy security to a new height and is determined to stabilize commodity prices, which has strong policy guiding significance for the future trend of coal prices. In 2022, under the situation of increasing coal production and ensuring supply, the tension between supply and demand in the power coal market will be alleviated compared with 2021. However, due to the frequent occurrence of extreme weather, the shortage of imported coal resources, the continuous growth of demand and other factors, the seasonal and regional tension between supply and demand still exists. In 2022, the price of thermal coal is expected to gradually return to a reasonable range, but it depends on the rigid binding capacity and effect of medium and long-term coal contracts.
In addition, the current coking coal inventory is at a low level as a whole. If the supply and demand is slightly lower or higher than expected, the price may fluctuate greatly. Due to the low inventory, it takes time to accumulate the inventory. In addition, the annual long-term association benchmark price of thermal coal in 2022 is significantly higher than that of the previous year, the focus of coking coal price may also be significantly higher than that in 2021, and the tense relationship between Russia and Ukraine will also push up the coking coal price. It is noteworthy that in December 2021, the national development and Reform Commission issued a notice requiring the medium and long-term coal contracts in 2022 to be entered and summarized in the national coal trading center, so as to realize the closed-loop management of coal supply and demand, production and marketing, volume and price, performance and integrity.
In 2022, the signing volume of medium and long-term coal contracts increased significantly year-on-year. The increment of medium and long-term railway contracts exceeded 150 million tons. The medium and long-term contract volume through the port around the Bohai Sea accounted for more than 90% of the water volume, and the signing rate of medium and long-term supply and demand contracts for coal for power generation and heating reached 100%. In addition, in early February, the one month ban on Indonesian coal export was finally lifted.
Joey, an analyst at cctd China coal market network, believes that the most tense period of coal supply has passed, and the effective supply of coal from later producing areas will increase steadily. During the important meeting, the industrial power demand in some regions will be limited periodically. In addition, Indonesia's coal export has basically returned to normal, and the purchase demand of Chinese terminals for market coal will be squeezed. At the same time, in terms of policy, the recent "price stabilization" regulation at the policy end has been frequent, the regulation policy has achieved remarkable results, and the coal prices at the origin and port have shown a callback trend. It is expected that under the guidance of this round of "price stabilization" policy, the coal prices of producing areas and ports will return to a reasonable level. With the more obvious pattern of strong supply and weak demand in the later stage, the inventory of transit links will gradually accumulate. It is expected that the market coal price will still be under pressure in March.
Although analysts generally believe that China's coal market will not reproduce abnormally high prices in 2022, they are still optimistic about the overall improvement of the price center, driving the performance growth of enterprises in the coal industry.
"The shortage of coal supply in 2021 is a short-term imbalance between supply and demand in the market under the dual carbon policy. However, with the continuation of China's supply guarantee policy, the coal market has cooled significantly. Even if the market will be affected by the short-term news, China's coal price will remain at a reasonable high level in 2022, and the consolidation logic will not change." Cheng Xiaoyong, director of Baocheng futures Finance Research Institute, believes that,
In the past, every round of rapid rise in commodity prices was accompanied by sharp decline, but this is not expected to happen in the market in 2022. The rise in the price of raw materials will inevitably lead to the inhibition of consumption, which is an inevitable economic law. Therefore, the market is not particularly optimistic about the global macro economy in 2022. "The market may show a pattern of further deepening stagflation. Therefore, even if commodity prices fall, there will be no significant decline." He said.
Zhou Tai, chief analyst of Minsheng securities energy industry, also told the reporter of securities times · e company that the coal price rose very fast in 2021, and the price change of listed companies was slower than the market price, especially in the stage of sharp price rise in October. Listed companies did not raise prices as much as the market price, so the profit growth rate of listed companies was weaker than that of port prices. It is estimated that the fluctuation range of port price in 2022 is weaker than that in 2021. At the same time, the benchmark price of Changxie is expected to increase from 535 yuan / ton to 700 yuan / ton, and the coverage of Changxie is also improved, which means that the profit center of listed companies is expected to rise. With the rise of profit center and the enhancement of profit stability, the industry valuation is also expected to rise.
during the transformation of coal enterprises under the goal of global "decarbonization"
The periodic mismatch between supply and demand brought about by the process of energy transformation has ushered in an unprecedented boom time for the coal industry. However, the goal of global clean energy remains unchanged, China's determination to achieve "carbon peak and carbon neutralization" remains unchanged, and the upstream and downstream of the coal industry is still facing the general trend of energy-saving and green transformation.
In order to control carbon emissions, recently, some media reported that Cemex, the world's major cement manufacturer, and synhelion, a Swiss photothermal technology enterprise, announced that they had successfully produced clinker with concentrated solar radiation for the first time. In the traditional process, fossil fuels are usually used to heat and emit carbon dioxide. It is reported that completely replacing fossil fuels with Cecep Solar Energy Co.Ltd(000591) is an important measure for the industry to achieve carbon neutrality by 2050.
Facing the continuous "decarbonization" measures in the downstream, the transformation ideas of coal enterprises are different.
\u3000\u3000 "The coking process produces a large amount of hydrogen by-product. In order to make better use of the added value of the main business of coal coke, the company actively transforms and upgrades from traditional energy to hydrogen energy, cooperates with the coal coking industry, and forms a two wheel drive development strategy. At present, the layout of the whole hydrogen energy industry chain has been completed, the hydrogen production, storage, transportation and processing industry chain has been built in the upstream, and the membrane electrode fuel cell stack and system integration have been built in the midstream The core equipment industry chain of vehicle manufacturing; The downstream promotes six regional development strategies, namely, the Great Bay area of Guangdong, Hong Kong and Macao, the Yangtze River Delta, Beijing Tianjin Hebei, the Bohai rim, the golden energy triangle and the central region. " One of the largest independent coke producers in China, Shanxi Meijin Energy Co.Ltd(000723) has started transformation and development in the early years, explored the "hydrogen energy life cycle" innovation ecological chain from R & D, production and manufacturing to commercial application, and built a hydrogen energy industry cluster with independent intellectual property rights. In an interview with the reporter of securities times · e company, the relevant person in charge of the company said that in addition to exploring the transformation of production business, Meijin carbon asset operation company established by the company will conduct inventory, summary and continuous monitoring of carbon emission sources and emissions from production, office and other links, and cooperate with Shanghai Environment Group Co.Ltd(601200) energy exchange Deloitte enterprise consulting service company and other professional institutions have formed action plans for carbon emission reduction and carbon neutralization. In the future, it will also actively participate in carbon trading and carbon finance innovation after the national carbon emission trading market is mature. In the future, Shanxi Meijin Energy Co.Ltd(000723) will still seize the major development opportunities of China's hydrogen energy industry in the context of double carbon, promote the transformation of energy structure and accelerate green and low-carbon development.
\u3000\u3000 "In 2021, the company reached strategic cooperation agreements with central enterprises such as Three Gorges power company and Guoneng Shandong new energy company to establish joint ventures to jointly develop new energy projects. At present, the company is actively promoting and tracking distributed photovoltaic, ground centralized photovoltaic and integrated smart energy projects, has completed the filing of some distributed photovoltaic power stations, and will promote construction in the next step Make. In addition, the company is participating in the expansion of energy storage, battery technology route and other fields. It is one of the first batch of "frequency modulation + energy storage" demonstration projects of Jiangsu thermal power company, and it is expected to be one of the first batch of "frequency modulation + energy storage" projects in the field of "energy storage" in 2021. It is one of the six auxiliary energy storage projects of Zhangjiagang in 2022 People from Wintime Energy Co.Ltd(600157) said that 2021 is the starting year for the company's layout to new energy. By 2030, the scale of new energy and energy storage projects invested, constructed and operated will reach 10 million KW, and the goal of more than half of the total installed capacity of new energy will be achieved. In 2021, the company has reached strategic cooperation agreements with central enterprises such as Three Gorges power company and Guoneng Shandong new energy company, and established joint ventures to jointly develop new energy projects.
At present, the company is actively promoting and tracking distributed photovoltaic, ground centralized photovoltaic and integrated smart energy projects, and has completed the filing of some distributed photovoltaic power stations. The construction will be promoted in the next step. In addition, the company is participating in the expansion of energy storage, battery technology route and other fields. In December 2021, the company's Zhangjiagang Shazhou power cooperated with Shanghai Electric Group Company Limited(601727) to build the energy storage auxiliary frequency modulation project. The project has been listed as one of the first six demonstration projects of Jiangsu power grid. It is a new exploration for the company to adopt the "thermal power + energy storage" mode and develop into the field of new energy storage. It is expected to be implemented in 2022. At the same time, Wintime Energy Co.Ltd(600157) coal sector is actively promoting the development of mining automation and intelligence of its mines. At present, it has a set of thin coal seam intelligent coal mining face; The power plants in the power sector are distributed in the load centers of Jiangsu and Henan provinces, and are the main power plants of the provincial power grid; The generating units are basically the most advanced ultra supercritical units and gas-fired units in China, with high parameters and low coal consumption; And all achieve ultra-low emission, and the emission parameters are far lower than the national emission standards.
For China Pingmei Shenma Group, which is located in the "Central Plains coal bunker", the idea of promoting the "large clean coal strategy" in the coal sector in recent years is to maximize the comprehensive benefits of coal by continuously optimizing the product structure and improving the production technical efficiency.
"In the middle of January this year, the company's underground mobile monitoring system was officially launched. In the next step, we will promote the track transportation system of underground - 600 lanes to realize unmanned intelligent driving. In the future, the main system of coal mine will realize full coverage of wireless network, and many technologies such as AI data analysis and big data calculation will be gradually integrated into safety production." Referring to the ideas and measures for the transformation and development of modern coal mines, Zhang Guochuan, chairman of pingbao company, introduced that in recent years, the company mainly focuses on improving production efficiency and optimizing costs and resources through intelligent transformation of all production links. The company has built the first intelligent coal mine in Henan Province, the first coal mine using 5g technology, the first high-efficiency underground cooling system, the first intelligent unattended high-efficiency gas extraction pump station, etc. It has successfully reduced the pressure of the coal face that previously required more than 30 people to 5 people, increased the probability of intelligent follow-up to more than 95%, increased the moisture content of coal by more than 2.87%, and reduced the coal dust by more than 60%. Only the implementation of on-site recycling of well water can save 42000 yuan of electricity per month.
