Indeed, now there has been a big explosion in hydrogen energy technology in China, becoming the largest country in the world's coal-to-hydrogen industry, and has formed a very complete industrial chain so far, from upstream coal-to-hydrogen to fuel cell products to downstream hydrogen fuel cell power stations to fuel cell vehicles have formed a huge industrial scale.

Driven by the coal-to-hydrogen project, Rabbit has also developed in the coal chemical industry in China.

After all, modern coal chemical industry and petrochemical industry are only different raw materials, and the product structure is attributed to the petrochemical product chain such as oil, olefins, and aromatics, and the competition in the market will be the same.

Moreover, the coal-to-hydrogen project is only a project of the coal chemical industry, and by-products such as coke and tar can also be obtained after the preparation of hydrogen, and these by-products can also be further processed to obtain greater benefits.

The traditional coal chemical industry generally includes the calcium carbide acetylene product chain with coal as raw material, the methanol carbon chemical product chain with coal as the raw material, and the familiar fertilizer industry chain of coal gasification and ammonia synthesis.

The modern coal chemical industry refers to the use of coal as raw materials to use advanced technology and processing means to produce alternative petrochemical products and clean fuel industry, there are coal-to-liquid, coal-to-hydrogen, coal-to-olefins, coal-to-ethylene glycol, and in the past two years, it has further developed coal-to-aromatics, coal-to-ethanol, etc.

In recent years, China has established modern coal chemical industry demonstration zones in many large coal regions in China, and breakthroughs have been made in modern coal chemical technology, and the level of some key technologies such as coal-to-liquid, coal-to-hydrogen, coal-to-olefins, and coal-to-aromatics has reached a very high level.

After all, the coal-to-hydrogen project alone can create a lot of revenue, and other ancillary projects are profitable, so these coal chemical companies are very happy to increase coal chemical projects in addition to coal-to-hydrogen projects.

At the beginning of the domestic hydrogen production project, many equipment were imported from overseas, but with the sharp increase in domestic coal-to-hydrogen projects, many equipment has now begun to be replaced with domestic equipment, which has greatly reduced production costs.

In fact, such great progress can be made in the coal chemical industry in China, which is also related to the cooperation with the South African Chemical Group to introduce complete coal chemical technology and equipment.

Because of the international embargo on South Africa in the last century, South Africa is rich in coal resources because of the serious lack of crude oil, and has no choice but to develop its own coal chemical industry.

In terms of coal chemical industry, it can be said that South African Chemicals Group has the strongest technical strength in the world, and it is the region in the world that still has coal indirect liquefaction plants, with three large synthetic liquid fuel plants and a total of about 49.5 million tons of coal processed annually.

The production of gasoline, diesel, jet fuel and other oil products alone has more than 7 million tons, a total of 113 kinds of chemical products, with an output of hundreds of thousands of tons.

Of course, Rabbit has also carried out various studies in the coal chemical industry in the past, and has accumulated a lot of technical reserves, mainly because the resource endowment of China and South Africa is characterized by more coal, less oil and less gas.

However, after the opening up of the rabbit country in the 80s, it was able to import petroleum resources from overseas, and only carried out technical research in the coal chemical industry, and the scale of the coal chemical industry was not large.

This is mainly because compared with the petrochemical industry, the cost of coal chemical preparation of oil products is too high, requiring a large amount of water and gas synthesis, and the cost of raw materials per barrel of oil is as high as about 200 US dollars.

However, after the rise of the domestic coal-to-hydrogen industry, the cost of large-scale coal-to-hydrogen can be controlled at 0.5 yuan to 0.8 yuan per cubic meter, and now the domestic price of hydrogen fuel is stable between 5 and 6 yuan per liter, which is lower than the price of gasoline.

Because Huaxing Technology Group has increased the hydrogen adsorption capacity of hydrogen fuel to 100 liters, which can adsorb more than 10 kilograms, it can be said that hydrogen fuel power plants are much cleaner and more efficient than thermal power plants, and the cost is much lower.

These domestic coal chemical companies are naturally motivated to carry out other coal chemical projects after making a lot of profits from coal-to-hydrogen projects.

Now the price of hydrogen in other countries is very expensive, the price of hydrogen in these Western countries is more than 70 yuan per kilogram, and the carbon tax in China has reached more than 100 yuan, so China is now exporting a large amount of hydrogen fuel to these Western countries.

And because of the outbreak of hydrogen energy in China, domestic oil imports have grown very slowly in recent years, and the amount of imported petroleum refining products has even shrunk a lot, and now it is mainly turning to petrochemical industry.

Domestic fuel cell vehicles have become the mainstream, accounting for more than 40% of the internal combustion engine vehicle market.

At present, domestic automobile brands, including Zhongyuan Automotive Technology Group, will launch more than 4 million fuel cell vehicles into the domestic market a year, and no country in the world has such a huge new energy vehicle market.

Although a lot of fuel cell models have been launched, the share is very small, and most of them have been snatched away by these domestic car manufacturers.

Huaxing Technology Group Co., Ltd. has accumulated the most fuel cell vehicle technology, and naturally it has made countless profits.

After all, in less than ten years, the domestic hydrogen production has increased from less than 10 million tons to more than 200 million tons, which can be said to be a miracle.

In terms of hydrogen production potential, based on the domestic coal resource holdings of 1.95 trillion tons, assuming that only 10% is used for coal gasification hydrogen production, the hydrogen energy potential is about more than 240 billion tons, which is enough for domestic use for many years.

Coal-to-hydrogen accounts for less than 20% of the world's hydrogen sources on average, while China now accounts for 70% of this proportion, and from now on, coal-to-hydrogen is the most reliable and cheapest way to supply hydrogen.

Now the outbreak of domestic hydrogen energy in the rabbit makes Europe and the United States extremely envious and jealous, and the media in these countries are also grasping the matter of carbon dioxide emissions from domestic coal-to-hydrogen projects, attacking these coal-to-hydrogen plants in China to produce "gray hydrogen", which emits a large amount of carbon dioxide into the atmosphere and causes the greenhouse effect, which is not a green environmental protection industry at all.

The high-level management is not turning a blind eye to these accusations, the coal-to-hydrogen project is not a heavily polluting industry, and basically all the by-products of coal-to-hydrogen can be recycled and reused, and there is almost no pollution to the environment.

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