The project mentioned above plays a crucial role in the rapid development of the chemical industry, and many companies see it as a key strategy for growth. However, in the past, the focus was primarily on market demand, whereas today, that approach is no longer sufficient. Companies must now take into account the stability of energy supplies—such as coal, electricity, gas, and oil—and assess the potential risks of project failure.
In recent years, as China's economy has grown rapidly, energy supply tensions have become increasingly severe. The frequency of "oil shortages," "coal shortages," and "electricity shortages" has risen significantly. As one of the most energy-intensive industries, the chemical sector has been heavily impacted. Many large-scale energy-consuming projects already in operation are struggling under strict environmental and resource constraints, leading to production halts and declining profitability.
Moreover, with rising living standards, per capita energy demand is growing rapidly, intensifying conflicts between residential and industrial energy use, as well as between domestic and commercial consumption. The government’s core principle of "governing for the people" is deeply embedded in public consciousness. When there is a conflict between civil and industrial energy needs, local governments often prioritize public welfare over industrial operations. Recent cases of "gas shortages" and "electricity shortages" have clearly demonstrated this tendency.
Unfortunately, many companies remain unaware of these challenges and continue to push forward with large-scale projects. Some may be aware of the risks but remain optimistic, believing they can find solutions that others cannot when resources become scarce. Today, numerous chemical projects are being launched with investments reaching hundreds of millions, even billions of dollars. The scale of energy consumption involved is staggering. Yet, during feasibility studies, companies tend to focus only on the promising market outlook, while ignoring or deliberately overlooking the risk of supply disruptions.
Failing to consider both market demand and energy security leads to high chances of financial loss once the project is operational. Similarly, neglecting energy supply planning and underestimating the risk of disruption can result in similar negative outcomes. Therefore, we urge all chemical companies currently pursuing such projects: Are you truly prepared for the risks involved?
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