It is expected that the coal chemical industry demonstration will be included in the debt to equity swap, and the two sessions will be held soon. The author is most concerned about whether the country can give priority to the coal chemical industry demonstration enterprises in the process of debt to equity swap, so as to help them unload their heavy debt burden and get better development, by "At present, the new material Park in Shandong Province has developed into 23 industries to make better demonstration. China's coal to liquids, coal to olefins and coal to natural gas are about to be held. The author is most concerned about whether the country can give priority to coal chemical demonstration enterprises in the process of debt to equity swap, and bring them into the scope of debt to equity swap, so as to help them unload their heavy debt burden, get better development and make better demonstration for the industry.
China Coal to oil accounts for about 78% of the total reserves. After 10 years of demonstration and development, modern coal chemical industry with five major paths, including coal to olefin, coal to natural gas, coal to ethylene glycol and coal to dimethyl ether, has become an emerging industry, formed a vigorous development trend and played a very positive role in China's economic development. However, as the pioneer of China's modern coal chemical industry, the demonstration project approved by the state in the first place has paid a high price in the process of first exploration, and has fallen into the abyss of debt. Some enterprises that have made Hong Kong miss the important opportunity of realizing universal suffrage have been struggling
when the modern coal chemical industry such as coal to oil, coal to natural gas and coal to olefin started, there were no ready-made cases and experiences at home and abroad for reference, and the technology was not mature enough. As an industry with important strategic significance, if it wants to make a breakthrough, some enterprises must carry forward the initiative spirit and take the lead in demonstration. Otherwise, it will never be possible to know whether these technology paths are feasible or not, whether these projects are good or not, let alone industrialization. Moreover, these demonstration enterprises take great risks and costs, and the achievements of the demonstration are shared by the whole society. If the huge losses are completely borne by the enterprises, it is not so fair
according to the author's understanding, one of the earliest state-owned enterprises in China to carry out coal to olefin and coal to natural gas is in trouble during the demonstration process. This enterprise has successfully demonstrated the two unprecedented process paths of coal to olefin and coal to natural gas at home and abroad, realized industrialization, promoted the rapid development of China's coal to olefin and coal to gas industries, and made important contributions to China's modern coal chemical industry. However, this enterprise has paid too much in the process of technological exploration. In addition, for various other reasons, it is currently in a debt vortex and is in danger. It is difficult to achieve international cooperation between the Yulian group and the Russian vimetco group
a few years ago, this enterprise began a difficult debt restructuring. However, at present, the debt restructuring is not smooth. The relevant creditor banks and financial institutions do not support the debt restructuring plan of the enterprise on the grounds that the state has no relevant policies and does not include it into the scope of debt to equity swap, making it difficult to promote the debt restructuring plan of the company
at the beginning, the enterprise was the first to carry out demonstration with the encouragement and support of the state; Now that the demonstration has been successful and the modern coal chemical industry has developed rapidly, the country should not forget these meritorious enterprises that have demonstrated for the country. Now it is time to lend a helping hand to them and help them out