Key Industries' Energy Efficiency Baselines Updated: Policy of Industry Upgrading 2023 Edition
Source: Mysteel
Oct 19, 2023 16:28
1. Summary
- In July 2023, NDRC issued the "Energy Efficiency Baseline and Benchmark Levels in Key Areas of Energy Intensive Industries (2023 Edition)" (hereinafter referred to as the "2023 Edition"), as an update to the "2021 Edition". The new edition expands the range of key areas and classifies newly built and existing projects for renovation and upgrade. Projects that fail to meet the standards within the specified time limit will be eliminated. Compared with the 2021 Edition, most indicators remain unchanged, but the baseline requirements for projects such as coal-to-methanol, coal-to-ethylene glycol, and ferrosilicon alloys have become stricter.
- Among existing projects, the capacities that do not meet the energy efficiency baseline in sectors like naphtha-to-ethylene, coal-to-ethylene glycol, and ferrous metal smelting are larger than others, and tasks of renovation and upgrade are heavier.
- The "Guiding Catalogue for Industrial Structure Adjustment (2023 Edition)" (Draft for Comments) issued by NDRC in July proposed that new projects that fail to reach the advanced benchmark level of "Energy Efficiency 2023 Edition" should be referred to restriction management whose investment are prohibited, while existing capacities are allowed to complete renovation and upgrade within the time limit and continue to receive support from financial agencies.
2. Energy Efficiency Levels
-- Petrochemical & Chemical
-- Ferrous & Non-ferrous
3. Updated Industrial Structure Adjustment Catalogue (2023 Edition)
The "Guiding Catalogue for Industrial Structure Adjustment (2023 Edition)" (Draft for Comments) issued by NDRC in July proposed that new projects, which fail to meet the advanced benchmark level specified in the latest "Energy Efficiency 2023 Edition", should conform to restriction management whose investment are prohibited, but allows existing capacities to complete renovations and upgrades within the specified time limit, and continue to receive support from financial agencies.
Specific indicators are as follows:
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Written by the GL Consulting team (Mysteel's consultancy arm on energy transition): glconsulting@mysteel.com
Edited by Navy Liu: liuchuanjun@mysteel.com
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