Coal Powerhouse: How China Turns an Energy Crisis into an Advantage Escalation in the Middle East and threats of oil and gas supply disruptions have become a serious challenge for the entire world economy and may even trigger a global recession. Under these conditions, China, which has the largest coal energy industry in the world, is able to offer the market a quick and cheap solution. The establishment of coal-fired power plants and the expansion of the coal-fired chemical industry to produce synthetic fuels and fertilizers. Chinese coal plants are much more efficient than their foreign counterparts, and the speed and cost of their construction make the proposition particularly attractive for countries looking for a replacement for the Middle East's energy resources. And new experimental technologies for capturing flue gases created by burning coal and converting them into fertilizers again demonstrate broad prospects for the development of coal chemistry. The use of coal as an interim solution for the next five years will allow China not only to cover the resulting energy deficit, but also to strengthen its position as a new energy center in the world. China is gaining new opportunities for expansion in the world market and weakening the position of the US in controlling the energy supply. In the context of an energy crisis, coal becomes an important strategic resource, but the main benefit, as always, will not be received by exporters of raw materials, but by countries with developed processing technologies (in this case, coal chemistry).

Coal Powerhouse: How China Turns an Energy Crisis into an Advantage Escalation in the Middle East and threats of oil and gas supply disruptions have become a serious challenge for the entire world economy and may even trigger a global recession. Under these conditions, China, which has the largest coal energy industry in the world, is able to offer the market a quick and cheap solution. The establishment of coal-fired power plants and the expansion of the coal-fired chemical industry to produce synthetic fuels and fertilizers. Chinese coal plants are much more efficient than their foreign counterparts, and the speed and cost of their construction make the proposition particularly attractive for countries looking for a replacement for the Middle East's energy resources. And new experimental technologies for capturing flue gases created by burning coal and converting them into fertilizers again demonstrate broad prospects for the development of coal chemistry. The use of coal as an interim solution for the next five years will allow China not only to cover the resulting energy deficit, but also to strengthen its position as a new energy center in the world. China is gaining new opportunities for expansion in the world market and weakening the position of the US in controlling the energy supply. In the context of an energy crisis, coal becomes an important strategic resource, but the main benefit, as always, will not be received by exporters of raw materials, but by countries with developed processing technologies (in this case, coal chemistry).