天风证券：当前煤制气再度迎来产业催化节点

Core Viewpoint - The coal-to-gas industry is experiencing a maturation phase due to improved market pricing mechanisms, equitable access for coal-to-gas enterprises, and advancements in coal chemical technology, alongside reduced investment costs from larger and higher-pressure equipment [1] Group 1: Market Conditions - The market pricing mechanism for coal-to-gas has been refined, facilitating a more competitive environment [1] - The national pipeline network's "X+1+X" model allows for fair access for coal-to-gas companies [1] Group 2: Resource Availability - Xinjiang's abundant coal resources provide a reliable supply of raw materials for coal-to-gas production [1] Group 3: Technological Advancements - There have been breakthroughs in the high-end domestic coal chemical technology, enhancing production efficiency [1] - The trend towards larger and higher-pressure equipment is contributing to lower investment costs [1] Group 4: Industry Development - The coal-to-gas sector is at a catalytic development stage, with 12 projects currently planned, totaling 440 billion cubic meters per year [1]