This podcast episode explores the prospects of the Chinese coal chemicals industry in an increasingly carbon constrained world. The episode discusses the importance and history of the coal chemical sector in China, its key players and geographical distribution, and the challenges it faces in light of China's ambitious carbon neutrality goals. The future of the industry is divided into conventional and modern coal chemical industries, and the potential of green hydrogen and carbon capture, utilization, and storage (CCUS) in decarbonizing the sector is also explored. The episode further discusses the challenges and opportunities for CCUS and emissions trading system (ETS) in China, the impact of overcapacity in the manufacturing industry, and the uncertain future of the coal chemical industry due to changing policy drivers.