The blood war in the petrochemical industry is officially opened! Anyone, private enterprises, foreign companies, no one can escape

1 thought on “The blood war in the petrochemical industry is officially opened! Anyone, private enterprises, foreign companies, no one can escape”

  1. The competition in the petrochemical industry is not fierce, but cruel.
    It large refining three -legged Dingli large cleaning
    total 3200 words | Suggested reading time 4 minutes
    text | Lin Tianhu
    ◆◆
    official opening
    After nearly two years of preparation, in May 2019, two world -class petrochemical projects in China finally ushered in production, stirring the nerves of the entire petrochemical industry.
    On May 17, the largest integrated integrated refining and chemical integrated project in my country -Hengli 20 million tons/annual refining and chemical integrated project was held.

    three days after a lapse, Rongsheng Petrochemical Co., Ltd. (hereinafter referred to as “Rongsheng Petrochemical”) issued an announcement that its investment construction “40 million tons/year refining and chemical integrated project (Phase I Period Phase I Phase I ) “At present, the construction of engineering construction, equipment installation and commissioning, etc. have been completed, and related devices have been put into investment conditions. Rongsheng Petrochemical is currently put into operation based on the actual progress, and the first batch of devices (constant pressure and related public engineering devices, etc.) are put into operation.
    The private refining and chemical projects are quite competitive. In terms of scale and technical standards, compared with the refining and chemical projects operated by large state -owned enterprises and international companies, it has obviously shaken the pattern of the petrochemical industry market. Essence
    The first feel the impact is to the second toluene (PX) market. Since another PX production line was put into operation in May this year, Hengli Petrochemical has become the largest PX manufacturer in China and the world. Its total PX production capacity has reached 4.5 million tons/year, accounting for about 24.3%of China’s total production capacity.
    Prior to this, Hengli’s purchase of PX was about half from domestic and half from imports. The investment in the new project means that Hengli can realize PX self -sufficiency in the future and no need to purchase. Asia’s PX will be excessive to surplus, and the high profit era of this industry has ushered in the end.
    The actually since March 2019, affected by the production of the Hengli Petrochemical Project, the price of Asian PX has begun to continue to fall. Statistics show that from mid -April 2019 to late May, the price of CFR Taiwan has plummeted by nearly 20%.
    , at the same time, the oil producers are also stressful. According to production capacity planning, after the production of Hengli Petrochemical, it can produce 4.61 million tons/year of national ⅵ gasoline, 1.61 million tons/year, and national ⅵ diesel, 3.71 million tons/year aviation kerosene.
    will have a impact on refining companies in Northeast, Shandong and other regions. Data show that in 2017, the amount of gasoline in Shandong was about 3 million tons, and the amount of diesel was about 6 million tons.
    In addition, according to Reuters recently, Hengli Petrochemical is applying for aviation fuel exports. If it can be approved, Hengli Petrochemical will become China’s first private aviation fuel exporter to participate in the competition in the international market.
    It in Zhejiang Petrochemical in the south, among the main products of the first phase of the project, the refined oil is 8.36 million tons (2.84 million tons of aerial coal, 1.72 million tons of diesel, 3.79 million tons of gasoline), 4.5 million tons of aromatics, and about 3.2 million olefins. Ton. In early 2019, it is reported that the scale of 40 million tons of refining and chemical integrated projects in Zhejiang Petrochemical may increase to 60 million tons.
    Is in the era when domestic oil refining capacity was severe, the rise of the new generation of petrochemical giants, I am afraid that it is inevitable that an industry kills.
    ◆ ◆◆
    The three -legged industry has been formed
    The can be almost determined. In the future, Huashan’s Huashan Sword in the petrochemical industry will be dominated by the game between large refining and chemical projects. Whether it is state -owned enterprises, private enterprises, or foreign companies, it is intensive and concentrated to build super large projects.
    The large refining project of the State -owned enterprise team:
    It Sinopec, it is building a Sino -Science and Chemical Project in Zhanjiang City, Guangdong Province. The project is currently the largest refining project under construction in Sinopec. The first phase is designed for 10 million tons/year refining and 800,000 tons/year ethylene. The project is planned to be fully completed by the end of 2019. Public engineering will be put into operation in the second half of 2019, and the refining and chemical devices will be put into production in the first quarter of 2020.
    The second phase project of the Gulei Refining and Chemical Integration Project participated in Zhangzhou, Fujian, conducted a second publication publicity in May this year. The second phase of the project includes 16 million tons/year oil refining, 1.2 million tons/annual ethylene, 3.2 million tons/year aromatics combined device, 600,000 tons/year 己 己 二, and supporting refining downstream production device, public engineering system and auxiliary facilities, and auxiliary facilities, and auxiliary facilities, and auxiliary facilities, and auxiliary facilities. Supporting docks and wharf warehouses.
    The on Petroleum, in December 2019, the construction of 20 million tons of refining and chemical integrated projects in the Central Committee of the Central Committee of the Central Committee has begun. The main products of this project include 4.21 million tons/year of gasoline, 2.61 million tons/year aviation coal, 2.81 million tons/year diesel, 2.62 million tons/year to two toluene, 800,000 tons/year of styrene, etc. Essence
    The large refining project of the private enterprise team:
    In December 2018, Shenghong’s 16 million tons/annual refining and chemical integrated project finally ushered in official construction. The project is located in Lianyungang City, Jiangsu Province, with an investment of 71.4 billion yuan in construction and is expected to be completed and put into operation in 2021.
    In Tangshan, Hebei, the 15 million tons/annual refining and chemical integrated project of Xuyang was also planned. The construction content of the project includes 15 million tons/year refining, 2 million tons/year pairs of vicrone, 1.2 million tons/year ethylene and related supporting facilities.
    In addition, Shandong Diamond, which has attracted much attention, also has new news in the formation of large -scale refining and chemical integrated projects in 2019. At the Second Session of the Thirteenth National People’s Congress of Shandong Province on February 14 this year, the Shandong Provincial Government Work Report proposed: “Accelerate the integrated refining and chemical integration, and make every effort to promote the preliminary work of the integrated project of Yulong Island in Yantai.”
    It reports that the total planning capacity of Yulong Island Refining Project is 40 million tons, and the first phase of design capacity is 20 million tons. The location is located in Yantai City. After completion, it will be the largest refining project in Shandong.
    The large refining project of the foreign company team:
    Themobolu’s $ 10 billion in chemical complex projects in Huizhou, Guangdong also advanced in 2019. In January of this year, the Guangdong Provincial Development and Reform Commission stated that it will start the construction of the first phase of the first half of 2020. The first phase of the project plans to build a set of 1.2 million tons/annual ethylene device and its downstream product production device, and the second -phase construction of the second set of 1.2 million tons/annual ethylene device and downstream product production device.
    BASF’s 10 billion US dollars in Zhanjiang has also signed a framework agreement with the Guangdong Provincial Government in January 2019. The project is expected to be completed around 2030, and the first batch of devices will be completed at the latest in 2026. In May this year, BASF announced that it plans to build a new engineering plastic modification device and a thermoplastic polyurethane (TPU) production device at the base, which will become the first batch of installation devices for the integrated base.
    The Huizhou Petrochemical Third Phase III project with China Sea Oil cooperated with China Sea Oil is under construction. Shell Petroleum has stated that the first phase of the project has invested about $ 7 billion.
    In in the north, Saudi Arabia officially signed an agreement with China Northern Industrial Group and Liaoning Pan Jinxincheng Group Corporation in February this year to jointly establish Huajin Amei Petrochemical Co., Ltd. Integrated project. The project includes 15 million tons/year oil refining, 1.5 million tons/year ethylene, 1.3 million tons/year -old pair of dyshayne. The project will be tried in the second half of 2023.
    . On the whole, private enterprises and foreign companies have expanded rapidly on large -scale refining projects in China, and state -owned enterprises are also stepping up their pace to upgrade themselves. The state of the domestic petroleum and petrochemical industry has gradually taken shape, and more balanced competition will be launched between the three giants.
    ◆ ◆ ◆
    The cruel competition has appeared
    although large -scale refining projects that have sprung up like mushrooms have not yet been fully completed, the cruel competition has appeared.
    The increase in crude oil prices in refining capacity in the past year has increased, and even the world’s largest petrochemical companies have felt the chill.
    In the first quarter of this year, the refining business of ExxonMobil appeared for the first time in nearly 10 years, with a loss of US $ 256 million; the downstream business of the Chevron also fell sharply, and the profit was larger than the same period in 2018. Dowager 65%.
    In in China, the refining sector of Sinopec in the first quarter achieved operating income of 11.963 billion yuan, a decrease of 7 billion yuan in the first quarter of 2018. China Petroleum Refining Business achieved operating profit of RMB 46 million, a decrease of 3.860 billion yuan from 3.906 billion yuan in the same period last year.
    Recently, Reuters quoted relevant research data that the refining profit in Singapore has reached the lowest in 16 years, even lower than the profit during the 2009 financial crisis.
    This has caused some Asian oil refineers to consider cutting output. These refineers include South Korea’s SK energy, Petroleum and Cedu Buddha’s Singaporean refining company.
    It is not difficult to speculate that the refining industry in other parts of the world is also facing the same dilemma. Data show that in April of this year, the average operating rate of China Refining was less than 50%, and the number was 64%in the first quarter. Some insiders said that the increase in the cost of purchasing crude oil has already touched the bottom line of the refiners.
    and this dilemma will further accelerate the adjustment of the structure of the petroleum and petrochemical industry.
    ◆◆◆
    The inevitable industry cleaning
    behind the large integrated wave of global refining and chemical projects, in fact, the deeper industrial changes in the energy industry are hidden. This deep change determines that the oil and petrochemical industry will inevitably have a large cleaning.
    In the past ten years, the market demand of petroleum petrochemical products has increased, mainly by emerging economies represented by China. The two traditional main petrochemical consumer consumer districts in Europe and North America have already ushered in the peak of consumer values. top.

    The oil consumption in the United States and Europe has been touched around 2005. In the past 20 years, China has been the main force of driving the demand for petroleum petrochemical products
    In transformation, the economy’s requirements for energy efficiency and environmental protection have increased, and it is difficult to develop rapid growth in the demand for petroleum and petrochemicals in the future.
    and the accelerated development of electric vehicles in recent years, and the continuous improvement of global carbon emission reduction pressure has further increased the development pressure of the petroleum and petrochemical industry.
    The research department under PetroChina also predicts that the oil demand of China will be pushed as early as 2030 to reach about 13.8 million barrels per day.
    , although the peak consumption peak has not yet arrived, petroleum petrochemical companies still have to be alert to the ceiling of the industry. Consumption will mean that the focus of competition in the petroleum and petrochemical industry will shift from the chase of scale to the price advantage and product advantage.
    So although China’s current domestic oil refining capacity is serious, integrated and large -scale refining and chemical projects are still violently increasing. The purpose is to pave the way to the future, establish a stronger competition barrier, and compete for limited living space.
    It large refining waves will undoubtedly be a large cleaning for the petroleum and petrochemical industry. I am afraid that low -end players will be eliminated. However, for the strong, there is still a way to the future in the cruel competition.
    text | Petroleum LINK (More depth content, please pay attention to the public account: petroleum link)

Leave a Comment

Your email address will not be published. Required fields are marked *

Scroll to Top
Scroll to Top