China’s Coal Giants Bet on Chemicals as War Curbs Oil Supplies

IndustriesEnergyChina’s Coal Giants Bet on Chemicals as War Curbs Oil SuppliesFacebookXLinkedInEmailLinkGiftFacebookXLinkedInEmailLinkGiftGift this articleContact us:Provide news feedback or report an errorConfidential tip?Send a tip to our reportersSite feedback:Take our SurveyNew WindowFacebookXLinkedInEmailLinkGiftBy Bloomberg NewsApril 7, 2026 at 1:30 AM UTCBookmarkSaveChinese coal companies are turning to chemicals manufacturing for growth, as war in the Persian Gulf constrains supply of the liquid fossil fuels more commonly used by the industry. The country’s vast coal deposits mean that, unlike oil and gas, it requires relatively fewer shipments from overseas. In the current climate, that abundance is becoming increasingly valuable to industries that would otherwise depend on crude oil for their feedstock.