Since the beginning of the year, several sets of large vinyl have been announced!

On March 22, Sinopec and Hunan Province signed a cooperation framework agreement on the ethylene refining and chemical integration project in Yueyang, jointly opening a new chapter of enterprise-local cooperation
.
The construction of the 1.
5 million t/a ethylene refining and chemical integration project in Yueyang is in line with the development strategy of Sinopec and the industry development trend of reducing oil and increasing chemicals
.
Sinopec ranks the project among the top three ethylene projects to be implemented during the "14th Five-Year Plan"
.
Since the beginning of the year, central refining and chemical enterprises, including Sinopec, have started a wave of capacity expansion, and successively announced multiple sets of large ethylene
.

Central enterprises set off a wave of expansion

On March 16th, Tianjin Nangang Ethylene Project "National Four Sets" plant started construction.
The project cluster consists of 11 projects, including Tianjin Nangang 1.
2 million tons/year ethylene and downstream high-end new material industry cluster, Beijing Chemical Research Institute pilot base, etc.
key projects
.
Nangang Ethylene is expected to be completed in 2023, and the project cluster is expected to be completed in 2025
.

Saudi Aramco announced on March 10 that it has made a final investment decision and will cooperate with North Industries Group Corporation and Liaoning Panjin Xincheng Group to develop a large-scale integrated refining and chemical complex in northeastern China
.
The project was originally designed to produce 300,000 barrels of crude oil per day (70% of Saudi Aramco's supply), with an additional annual production of 1.
5 million tons of ethylene and 1.
3 million tons of paraxylene
.

On the same day, Fujian Zhongsha Petrochemical Co.
, Ltd.
, a joint venture between Fujian Nenghua Group and the global petrochemical giant Saudi Basic Industries Corporation (SABIC), was officially registered and established.
10,000 tons of ethylene plant, while supporting the construction of a series of downstream production plants
.

Not long ago, in the "List of Major Provincial Projects in 2022" issued by Jiangsu Province, the comprehensive utilization of light hydrocarbons and new material transformation projects of Nanjing Yangzi Petrochemical Co.
, Ltd.
were included
.
The project will build a 1 million tons/year steam cracking ethylene plant, a 350,000 tons/year HDPE unit, a 300,000 tons/year LLDPE unit, and a 400,000 tons/year PP unit
.
The project is scheduled to start construction before March 30, 2022, and the third phase of the project will be completed and put into production in December 2027
.

On February 8, the transformation and upgrading project of PetroChina Jilin Petrochemical Company, one of the key projects in the "14th Five-Year Plan" of PetroChina and Jilin Province, was launched in Jilin City
.
The main contents include: building 21 sets of refining and chemical plants including 1.
2 million tons/year ethylene and 600,000 tons/year ABS, renovating 9 units, and shutting down 7 units including 150,000 tons/year ethylene
.

In addition, during the "14th Five-Year Plan" period, Sinopec has a number of large ethylene projects (please refer to: Another million tons of ethylene! Who will dominate the refining and chemical competition?)
.

10 million tons of new production capacity will be put into operation within two years

In 2021, China's ethylene production capacity will be 41.
68 million tons per year, the output will be 37.
47 million tons, and the ethylene equivalent consumption will be 58.
32 million tons, with a self-sufficiency rate of about 64%
.
Although the newly added production capacity has set a historical record, the degree of external dependence is still high
.
As of the end of 2021, there are about 60 ethylene production enterprises in China.
From the perspective of participating entities, a production competition pattern has been formed in recent years, led by Sinopec and PetroChina, with other enterprises actively participating
.
In 2021, China's ethylene import and export volume will increase simultaneously
.
In 2021, China's ethylene imports will increase by 4.
6% year-on-year; exports will increase significantly, with an increase of 103.
2%
.
China remains a net importer of ethylene
.

China's ethylene consumption structure is diversified
.
In 2021, polyethylene will still be the largest product consumed by domestic ethylene demand, and it is the core area of ​​driving ethylene consumption, followed by ethylene glycol, ethylene oxide, styrene and other fields
.

From 2022 to 2023, 12 new ethylene plants will be put on the market in China, with an additional capacity of nearly 10 million tons per year
.

After Zhejiang Petrochemical, Shenghong Refining and Chemical, Hengli Petrochemical and other large private refining and chemical enterprises have accelerated their entry into the market, the market share of "two barrels of oil" has been gradually eroded.
Will the new capacity expansion plan of central enterprises trigger a new round of washing in the refining and chemical industry? Card?

Committed to seizing the high-end market

In the fierce market competition, Sinopec has also increased the development of high-end special materials
.
The development directions of special materials for several major companies in 2021 are as follows:

Development direction of Shanghai Petrochemical polyethylene special material in 2021 (5):

●Film: special material for matte film MH902, special material for linear low-density heavy packaging film, and soft packaging film for battery;

●Hollow: medical hollow material;

●Pipe material: large diameter pipe black material YGH041T;

In 2021, the development direction of Yanshan Petrochemical polyethylene special material (3):

●Cable: mPE E332H, special material for metallocene waterproofing membrane;

Diaphragm: special material for ultra-high molecular weight polyethylene lithium battery diaphragm;

●Photovoltaic: EVA photovoltaic material C28V25;

Development direction of Qilu Petrochemical polyethylene special material in 2021 (1):

●Building materials: mPE E332H, a special material for metallocene waterproofing membrane;

Development directions of Yangzi Petrochemical polyethylene special materials in 2021 (5):

●Packaging: metallocene medium density heavy packaging film mPE F331F, metallocene heavy packaging film mPE-L F181F, stretch wrapping film mPE-L F184P;

●Pipe material: heat-resistant non-cross-linked polyethylene pipe material mPE P3806R;

●Photovoltaic: EVA photovoltaic material;

2021 Zhenhai Refinery and Chemical polyethylene special material development direction (4):

●Cable: PE-L J182 special material for low-voltage cable insulation;

●Film: ZF4523ZC special material for high temperature resistant and high opening film material, 4527D special material for aluminized base film, 2420K special material for LDPE composite film;

In 2021, the development direction of Maoming Petrochemical polyethylene special materials (8):

●Cable: high-density polyethylene communication cable material TR210;

Hollow: HXM50100N, a special material for blow molding of medium-sized hollow containers that is resistant to stacking;

●Film: low crystal point electronic protective film special material 2420H, heavy packaging film mPE F331F, heat shrinkable film mPE F3306S, food packaging transparent film 2420K, food packaging composite film 2430K;

●Agricultural film: shed film mPE F181ZR;

Tianjin Petrochemical polyethylene special material development direction (5):

●Film: ultra-low density polyethylene LX-1612, LX-0505, LX-1010, LX-0820, LX-0840;

Development direction of Zhongyuan Petrochemical polyethylene special material in 2021 (1):

●Film: PE-L M2750 with high melting index
.