Petrochemical industry continues to grow
China is currently the world’s sixth-largest economic nation. In 2005, its gross domestic product (GDP) has reached 2.23 trillion US dollars. If the calculation is based on the purchasing power standard (PPP), China’s economic status should rank second in the world, second only to the United States. Similarly, China's chemical market has grown rapidly, reaching a level of 264 billion U.S. dollars. According to reports, in 2005, China’s chemical production exceeded Germany, and its output value reached US$ 223 billion, making it the third largest chemical product market in the world, second only to the United States and Japan.
At present, the development of China's chemical industry has begun to gradually slow down, but compared with other countries in the world, it still maintains a strong growth momentum. According to statistics from the beginning of 2006, the average growth rate of China's chemical industry exceeded 16%. The growth rate in the entire Asia-Pacific region is less than 6%, and the global growth rate is less than 4%. It is predicted that from 2006 to 2016, if the surrounding areas in China and the world market continue to develop on an existing basis, the average annual growth rate of China's chemical industry will be 10.4%.
Chemical parks continue to emerge
The continuous development of China's petrochemical industry has led to rapid economic development in many parts of China. Regional chemical centers have continued to emerge. The appearance of Shanghai Chemical Industrial Park is very representative. At present, some of the world's leading foreign chemical companies, such as DuPont, Dow, GE Plastics, Bayer, and DSM, have established production plants and their own R&D centers in Shanghai. In September 2006, Bayer's Materials Science Group held an inauguration ceremony for a new plant in the industrial park. BASF also held the inauguration ceremony of Polyurethane Special Products Co., Ltd. on June 13 this year after the completion of the engineering plastics plant in Pudong, Shanghai.
Many of the world’s famous petrochemical companies have continuously increased their investment and expanded their production capacity with Chinese large-scale joint venture companies. At the same time, some companies even relocated all their business units to China.
Cracking of ethylene cracks
At present, China has large-scale expansion projects for olefins and derivatives. The total value of investment projects announced until 2010 has reached US$20 billion. Analysts expect that these projects will increase China's ethylene production capacity more than double to 15 million tons / year or so. Despite this, China will still import about 15 million tons of ethylene and derivatives and 8 million tons of propylene and derivatives each year before 2014.
At present, China's major ethylene production plants have adopted steam cracking technology imported from western petrochemical specialty companies. For example, the ABB-Lummus company's process flow is very popular in China's ethylene production plants, and more than half of the plants are in use. Other technology transfer companies include Stone & Webster, Mitsubishi, Kellogg and KTI.
The cooperation between China's ethylene production plants and foreign technology transfer companies has also been greatly promoted. In September 2006, ABB-Lummus Global Co., Ltd. and Sinopec Corp. jointly developed the ethylene recovery technology and used the technology to produce polymer grade ethylene at its first production site in accordance with the specifications. Maoming Petrochemical also used ABB-Lummus Global/Sinopec cracking furnace technology.
The 800,000-ton/year ethylene project of China Petroleum Chengdu Construction, the petrochemical integration project initiated by Fushun, and the 800,000-ton/year ethylene steam cracking facility constructed by Dushanzi and the planned Lanzhou ethylene cracker will all use steam cracking. technology.
The joint venture project of CNOOC and Shell Huizhou also cannot be separated from the ethylene cracker.
Coal-to-oil projects are on the rise
Since 2004, high oil and natural gas prices have prompted the Chinese government and the chemical industry to step up efforts to produce more chemicals through China’s cheapest and most abundant natural resource, coal. As a result, the production of chemical products produced from coal as raw materials has grown rapidly in recent years.
Uhde and Shell jointly developed the Shell Coal Gasification Production Process (SCGP). According to reports, at least 13 new coal gasification plants have been built in China and the SCGP production process is used. According to statistics, China has to build 18 major coal gasification projects between 2005 and 2007.
The Chinese government encourages the use of new technologies such as coal liquefaction to produce methanol and dimethyl ether to obtain clean fuel. Encouraging policies have prompted many small methanol and dimethyl ether projects in China's coal production areas. According to reports, China produced 5.4 million tons of methanol in 2005, of which 3.5 million tons was obtained through processing coal. At present, nearly 9 million tons/year of methanol plants are under construction in China, and another 10 million tons/year of capacity is being planned.
China is currently the world’s sixth-largest economic nation. In 2005, its gross domestic product (GDP) has reached 2.23 trillion US dollars. If the calculation is based on the purchasing power standard (PPP), China’s economic status should rank second in the world, second only to the United States. Similarly, China's chemical market has grown rapidly, reaching a level of 264 billion U.S. dollars. According to reports, in 2005, China’s chemical production exceeded Germany, and its output value reached US$ 223 billion, making it the third largest chemical product market in the world, second only to the United States and Japan.
At present, the development of China's chemical industry has begun to gradually slow down, but compared with other countries in the world, it still maintains a strong growth momentum. According to statistics from the beginning of 2006, the average growth rate of China's chemical industry exceeded 16%. The growth rate in the entire Asia-Pacific region is less than 6%, and the global growth rate is less than 4%. It is predicted that from 2006 to 2016, if the surrounding areas in China and the world market continue to develop on an existing basis, the average annual growth rate of China's chemical industry will be 10.4%.
Chemical parks continue to emerge
The continuous development of China's petrochemical industry has led to rapid economic development in many parts of China. Regional chemical centers have continued to emerge. The appearance of Shanghai Chemical Industrial Park is very representative. At present, some of the world's leading foreign chemical companies, such as DuPont, Dow, GE Plastics, Bayer, and DSM, have established production plants and their own R&D centers in Shanghai. In September 2006, Bayer's Materials Science Group held an inauguration ceremony for a new plant in the industrial park. BASF also held the inauguration ceremony of Polyurethane Special Products Co., Ltd. on June 13 this year after the completion of the engineering plastics plant in Pudong, Shanghai.
Many of the world’s famous petrochemical companies have continuously increased their investment and expanded their production capacity with Chinese large-scale joint venture companies. At the same time, some companies even relocated all their business units to China.
Cracking of ethylene cracks
At present, China has large-scale expansion projects for olefins and derivatives. The total value of investment projects announced until 2010 has reached US$20 billion. Analysts expect that these projects will increase China's ethylene production capacity more than double to 15 million tons / year or so. Despite this, China will still import about 15 million tons of ethylene and derivatives and 8 million tons of propylene and derivatives each year before 2014.
At present, China's major ethylene production plants have adopted steam cracking technology imported from western petrochemical specialty companies. For example, the ABB-Lummus company's process flow is very popular in China's ethylene production plants, and more than half of the plants are in use. Other technology transfer companies include Stone & Webster, Mitsubishi, Kellogg and KTI.
The cooperation between China's ethylene production plants and foreign technology transfer companies has also been greatly promoted. In September 2006, ABB-Lummus Global Co., Ltd. and Sinopec Corp. jointly developed the ethylene recovery technology and used the technology to produce polymer grade ethylene at its first production site in accordance with the specifications. Maoming Petrochemical also used ABB-Lummus Global/Sinopec cracking furnace technology.
The 800,000-ton/year ethylene project of China Petroleum Chengdu Construction, the petrochemical integration project initiated by Fushun, and the 800,000-ton/year ethylene steam cracking facility constructed by Dushanzi and the planned Lanzhou ethylene cracker will all use steam cracking. technology.
The joint venture project of CNOOC and Shell Huizhou also cannot be separated from the ethylene cracker.
Coal-to-oil projects are on the rise
Since 2004, high oil and natural gas prices have prompted the Chinese government and the chemical industry to step up efforts to produce more chemicals through China’s cheapest and most abundant natural resource, coal. As a result, the production of chemical products produced from coal as raw materials has grown rapidly in recent years.
Uhde and Shell jointly developed the Shell Coal Gasification Production Process (SCGP). According to reports, at least 13 new coal gasification plants have been built in China and the SCGP production process is used. According to statistics, China has to build 18 major coal gasification projects between 2005 and 2007.
The Chinese government encourages the use of new technologies such as coal liquefaction to produce methanol and dimethyl ether to obtain clean fuel. Encouraging policies have prompted many small methanol and dimethyl ether projects in China's coal production areas. According to reports, China produced 5.4 million tons of methanol in 2005, of which 3.5 million tons was obtained through processing coal. At present, nearly 9 million tons/year of methanol plants are under construction in China, and another 10 million tons/year of capacity is being planned.
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