New projects get together and competition intensifies - Panjin Changchun plans the third phase of epoxy resin project

On May 9, the online approval and supervision platform for investment projects in Liaoning Province released the results of the third phase of the 55,000-ton/year epoxy resin project of Changchun Chemical (Panjin) Co.
,
Ltd.

According to the data, Changchun Chemical (Panjin) Co.
, Ltd.
is a subsidiary invested and constructed by Taiwan Changchun Group in Panjin in May 2011.
The factory is located in Liaodong Bay New District, Panjin City.
It mainly produces high-tech chemical products for electronics, and its business scope covers high-tech electronics.
Chemicals, air-cooled materials, engineering plastics, adhesives, spandex materials, civil engineering materials, solvents and other products
.
The existing capacity of the first phase is 50,000 tons and the second phase is 50,000 tons of basic liquid epoxy resin.
There are also 100,000 tons/year chlor-alkali (liquid alkali) plant, 60,000 tons/year isopropanol plant, 18,000 tons/year lithium Battery copper foil project, 12,010 tons/year cement grinding aid project,
etc.

In 2021, the total domestic epoxy resin production capacity will be about 2.
5 million tons per year, including the newly-launched production capacity of 175,000 tons that has been expanded or technically transformed by companies such as Baling Petrochemical, Panjin Changchun, Shandong Deyuan, and Shandong Sanmu
.

Benefiting from the hot epoxy resin market and huge profits in 2020-2021, the domestic epoxy resin production capacity is expanding rapidly.
The production capacity under construction and planning is nearly 3 million tons.
The new production capacity includes Sanmu, Hongchang Electronics, Shandong Deyuan, Tongling Existing companies such as Hengtai have expanded their production, and there are also new entrants such as Qingdao Gulf, Zhejiang Haobang, and Zibo Feiyuan
.
This part of the huge production capacity will be gradually released between 2022-2025, especially in 2022-2023, the pressure on the industry will increase sharply
.
After losing the major policy benefit of wind power rush installation, the increase in downstream demand for epoxy resin is expected to be relatively flat, and the supply contradiction of epoxy resin will become particularly obvious in the short term
.

In order to facilitate relevant enterprises to understand the production status of the epoxy resin industry chain at home and abroad in 2021, the progress of new projects, the introduction of key enterprises, import and export, downstream market segment consumption, future consumption forecast and other industry information, China Petroleum and Chemical Industry Federation epoxy resin The Resin and Application Professional Committee and Beijing Guohua New Materials Technology Research Institute jointly launched the "Epoxy Resin Market Annual Monitoring Report (2022 Edition)", "Epoxy Curing Agent Market Annual Monitoring Report (2022 Edition)", "Epoxy Curing Agent Market Annual Monitoring Report (2022 Edition)" Bisphenol A Market Annual Monitoring Report (2022 Edition)", "Epichlorohydrin Market Annual Monitoring Report (2022 Edition)"
.