建筑与工程行业周报：新疆煤化工有望加速，关注建筑投资机会

Investment Rating - The report maintains a "Positive" investment rating for the industry [5]. Core Insights - The coal chemical industry is positioned for transformation in line with China's carbon peak and carbon neutrality goals, focusing on green and low-carbon energy development [6][13]. - Xinjiang, with its abundant coal resources and favorable policies, is expected to accelerate coal chemical projects, enhancing investment opportunities in the construction sector [7][30]. Summary by Sections Coal Chemical Industry - The coal chemical industry is categorized into traditional and modern sectors, with modern coal chemical processes being crucial for clean and efficient coal utilization [5][19]. - Traditional coal chemical processes include coking, coal-to-synthetic ammonia, and coal-to-methanol, while modern processes involve coal liquefaction and coal-to-olefins [19][21]. Xinjiang's Resource Advantage - Xinjiang holds approximately 2.19 trillion tons of coal reserves, accounting for about 40% of China's total predicted reserves, with a significant increase in coal production observed [6][29]. - In 2022, Xinjiang's coal production reached 459 million tons, a year-on-year increase of 11.1%, and the first half of 2023 saw a 13.4% increase in industrial raw coal production [6][29]. Policy Support and Investment - The "dual control" policy aims to reduce energy consumption per unit of GDP and control total energy consumption, which is critical for achieving carbon neutrality [6][26]. - In July 2023, 25 central enterprises signed contracts for 183 projects in Xinjiang, with expected investments nearing 940 billion yuan by the end of 2028 [7][30]. Beneficiaries in the Construction Sector - The construction sector is expected to benefit from the release of coal production and the implementation of coal chemical projects, with companies like China Chemical and others in the construction-related industry likely to gain [42].