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LyondellBasell is increasing its investment in China.
At the end of 2019, it signed a memorandum of understanding with Sinopec, and plans to establish a new joint venture and build a second propylene oxide/styrene plant in Ningbo
.
In the first quarter of 2020, together with Polaris Chemical, the two parties will establish a Sino-foreign joint venture, Polaris LyondellBasell Petrochemical Co.
, Ltd.
, which will operate an ethylene cracker with an annual capacity of 1.
1 million tons and related polyolefin derivatives.
product
.
LyondellBasell, headquartered in the Netherlands, is one of the world's largest plastics, chemical and oil refining companies, the world's largest producer of polymer modifiers and polyolefin technology licensor, and No.
1 in the 2019 Fortune Global 500.
316, with a market value of over 100 billion
.
Do you have a feeling that LyondellBasell is going to grab the mainland high-end polypropylene market?
Now many foreign giants are looking to the mainland for their investment.
This is an idyllic pastoral song that must not be abandoned
.
LyondellBasell's polypropylene production capacity reaches 7.
745 million tons per year, and it is also the world's largest PP modified production enterprise, with a production capacity of PP compounds exceeding 1.
3 million tons per year
.
LyondellBasell's main polypropylene products have a total of 432 grades, including 6 major types of polypropylene, metallocene polypropylene, high crystalline polypropylene, random copolymer polypropylene, special polypropylene, homopolymer polypropylene, and impact copolymer polypropylene.
acrylic
.
LyondellBasell's polypropylene composites business is placed in the High Performance Polymer Solutions (APS) division, which has further developed its polyolefin composites business after developing into the world's largest PP company
.
PP modification technology has doubled the mechanical properties of composite materials, making PP expand from general plastics to the field of engineering plastics
.
LyondellBasell's APS division is mainly built around modified polypropylene
——In 2015, LyondellBasell acquired the PP modified assets of two modified polypropylene companies in India, SJSPlastiblends Pvt.
Ltd.
and Zylog Plastalloys Pvt.
Ltd.
in Pune, including Sennar and Chennai factory
.
The acquisition will double LyondellBasell's automotive customer base and will make it the third largest PP compounding company in India
.
——In 2018, on the basis of the acquisition of A.
Schulman, the High Performance Polymer Solutions Division (APS) was established to produce and sell composite materials and solutions, including polypropylene compounds, engineering plastics, Masterbatches, pigments and powders, engineered composites and advanced polymers, including Catalloy and polybutene-1 polyolefin resins, polypropylene compounds
.
——In October 2019, announced the launch of the fifth polypropylene compound production line (Polypropylene Compounds) in Knapsack, Germany, adding 25,000 tons of production capacity, and the total production capacity reached a new high of more than 200,000 tons.
The production base has now become the largest in the world.
Polypropylene compounding plant
.
An important application area for these polypropylene products is lightweight components for automobiles, and this material is expected to have great potential in battery packs and under-hood application components for electric vehicles
.
From the perspective of downstream applications, the focus is basically on automobiles, which are estimated to account for more than 90%
.
From the perspective of specific products, auto parts account for about 45%, auto exteriors account for 33%, and bumpers account for 19%.
Two products are provided for battery cases
.
LyondellBasell's APS business continues to develop
.
How to divide the imported polypropylene of less than 5 million tons per year in China?
South Korea, the Middle East, Singapore, and Thailand are the main sources of polypropylene in China, and it is still a long way to go to lock the source of imported goods at home and abroad
.
At present, domestic polypropylene products that still rely on overseas imports mainly include: high-transparency polypropylene, high-transparency packaging and high-end fibers, fine-denier and ultra-fine-denier polypropylene fibers, high-speed stretched BOPP film, heat-sealing film, high crystallization and high rigidity Products, thin-walled injection molding, special materials for household appliances, special materials for automobiles and other high-end materials
.
