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    Home > Chemicals Industry > Rubber Plastic News > The global share will reach 34%!

    The global share will reach 34%!

    • Last Update: 2022-08-29
    • Source: Internet
    • Author: User
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    Wanhua Fujian Base Vision Plan

    Wanhua Fujian Base Vision Plan

    On August 21, Wanhua Fujian held a grand ceremony for the installation of large-scale equipment for the MDI integration project, which means that the Wanhua Fujian 400,000-ton/year MDI project will be completed in September next year, and it is expected to produce qualified MDI by the end of 2022.
    product


    .


    In addition to MDI, the Wanhua Fujian base is also in an orderly manner in the layout of other products


    .


    2.
    The EIA of Wanhua Fujian's 250,000-ton TDI expansion project has been announced for the second time, with a total investment of 1.
    927 billion yuan and a construction period of 2 years.
    It is expected to be put into operation in the first half of 2023


    .


    The west area of ​​Wanhua Fujian Industrial Park will rely on Jiangyin Chemical New Materials Zone, take advantage of good world-class ports and supporting industrial chain clusters.
    The annual production capacity of PVC and 1 million tons/year of caustic soda radiates the markets of South China and Southeast Asia


    .


    In addition to the newly built MDI in Fujian Industrial Park, Wanhua's MDI projects in Yantai Industrial Park and Ningbo Industrial Park are also planning for technological transformation and capacity expansion:

    Yantai Industrial Park: MDI has been expanded to 1.
    1 million tons/year

    Located in Lingang Industrial Zone, Xigang District, Yantai Port, it includes an annual output of 1.
    1 million tons/year of isocyanate (MDI), 300,000 tons/year of toluene diisocyanate (TDI) and its supporting devices and public works systems.
    It has a very complete propylene and Derivatives manufacturing industry chain, with 750,000 tons/year of propylene, 360,000 tons/year of butyl acrylate and 260,000 tons/year of propylene oxide,


    etc.


    On February 25 this year, the technical transformation of the MDI plant in Yantai Industrial Park was completed


    .


    The integration of the polyurethane industry chain in Yantai Industrial Park - the ethylene project is constructed in two phases


    .


    Ningbo Industrial Park: MDI production capacity will reach 1.
    8 million tons / year

    Ningbo Industrial Park: MDI production capacity will reach 1.
    8 million tons / year

    Wanhua Industrial Park is mainly invested and constructed by Wanhua Chemical (Ningbo) Co.
    , Ltd.
    , with upstream and downstream partners such as South Korea's Hanwha Chemical, Germany's Linde Gas, and public engineering service providers


    .


    At the beginning of May 2021, Wanhua Chemical (Ningbo) Co.
    , Ltd.
    MDI/HDI technical transformation and expansion integration project and environmental impact assessment information of the 1.
    8 million tons/year MDI technical transformation project were disclosed

    .

    The investment of the project is 941 million yuan, mainly for the expansion and transformation of the existing MDI plant, and finally the production capacity of the first phase of the MDI plant will be expanded from the existing 400,000 tons/year to 600,000 tons/year, and the production capacity of the second phase of the MDI plant will be expanded by The existing 800,000 tons/year is expanded to 1.
    2 million tons/year, and the total MDI production capacity of the whole plant is 1.
    8 million tons/year, which is twice the previous market expectation for Ningbo's expansion of 300,000 tons

    .

    In 2024, Wanhua MDI will account for 1/3 of the world

    In 2024, Wanhua MDI will account for 1/3 of the world

    The development of the global MDI industry has a history of more than 50 years, and the technical threshold is very high.
    Only a few companies in the world, such as Covestro, BASF, Huntsman, and Wanhua Chemical, have mastered its production technology

    .
    In terms of production capacity, Wanhua Chemical, BASF and Covestro are the three most important MDI manufacturers in the world

    .

    According to statistics and the information disclosed on the official websites of various companies, the global MDI production capacity in 2020 is about 9.
    24 million tons

    .
    Table 1 shows the global MDI production capacity statistics

    .

    Table 1 Capacity distribution of global MDI manufacturers in 2020

    In the next 3-5 years, global MDI will hardly have new entrants, while Wanhua MDI's global market share will continue to increase, the industry's voice will continue to increase, and the market pricing power will be further enhanced
    .
    From 2019 to 2020, Wanhua's global market share will be about 25%; and Wanhua's current planned MDI production capacity includes Wanhua Ningbo + Yantai with a total capacity expansion of 1.
    1 million tons, Fujian 400,000 tons, and the United States 400,000 tons, even if the US 40 tons is not considered.
    Wanhua's global MDI share will reach about 34% by 2024

    .

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