Group 1 - The European petrochemical industry has experienced an unprecedented wave of olefin capacity reductions over the past 18 months, with seven steam cracker plants permanently closed or planned to be shut down by the end of 2027, significantly altering the regional supply landscape [1] - The closed or planned cracker plants have a combined ethylene capacity of approximately 4.5 million tons per year, along with propylene capacity of 2.3 million tons and butadiene capacity of 430,000 tons [1] - The number of existing ethylene plants in Europe is expected to fall below 50, with projections indicating a decrease to 48 plants by 2026 and further to 46 by 2029, compared to 60 plants in 2015 with a total design capacity exceeding 26 million tons per year [1] Group 2 - Major companies like Shell and SABIC are planning to reassess and optimize their European asset portfolios, which include four cracker plants in the Netherlands, Germany, and the UK with a total ethylene capacity of 2.6 million tons per year [2] - BP is seeking buyers for its integrated refining and petrochemical assets in Gelsenkirchen, Germany, while Dow has announced the permanent closure of its 510,000 tons per year mixed feed cracker in Germany by Q4 2027 [2] - The closures are a response to ongoing industry challenges, with Shell's CEO indicating a focus on evaluating underperforming global chemical assets and considering selective shutdowns in Europe [2] Group 3 - SABIC's CEO emphasized the need to optimize the asset portfolio and does not rule out exiting certain markets due to the pressing need to reduce costs [3] - Dow's CEO revealed that the board has approved the closure of three chemical plants in Europe to adjust regional capacity and mitigate commercial sales risks [3] - The current operating rate of European cracker plants is around 75%, and the reduction of 4.5 million tons per year in ethylene capacity is expected to help increase the operating rate to approximately 85% by 2030, promoting market balance [3]

根据8月20日韩国政府与企业达成的协议，韩国将削减270至370万吨/年的乙烯产能，相当于关闭3至4套 裂解装置。当前韩国总乙烯产能约1300万吨/年，主要分布在丽水、大山和蔚山三大基地，韩国政府目 标是将全国乙烯产量整体缩减25%。 相较于乐天化学与HD现代集团正在探讨的大山基地整合方案，LG化学与GS加德士在丽水毗邻而建的 乙烯装置在地理布局上更具整合可行性与运营效率提升潜力。 中化新网讯 9月3日，LG化学与GS加德士公司宣布，双方正就整合位于韩国丽水的蒸汽裂解装置展开磋 商。此举是韩国政府与主要石化生产商近期达成的石化产业重组计划的一部分。LG化学内部人士称， 若双方能就估值达成一致，LG化学拟将其丽水裂解装置出售给GS加德士，并通过新合资公司共同运 营。GS加德士是由GS能源与雪佛龙各持股50%的炼化合资企业。 标普数据显示，LG化学合计拥有338万吨/年乙烯产能，其位于丽水的2号石脑油裂解装置可能在此次整 合中关停。而GS加德士在丽水运营的90万吨/年混合进料裂解装置因可灵活加工石脑油、尾气、抽余油 或LPG，被认为更具竞争优势。 ...

Group 1 - The European petrochemical industry has experienced an unprecedented wave of olefin capacity reductions over the past 18 months, with seven steam cracker plants permanently closed or planned to be shut down by the end of 2027, significantly altering the regional supply landscape [1] - The closed or planned cracker plants have a combined ethylene capacity of approximately 4.5 million tons per year, along with propylene capacity of 2.3 million tons and butadiene capacity of 430,000 tons [1] - The number of existing ethylene plants in Europe is expected to fall below 50, with projections indicating a decrease to 48 plants by 2026 and further to 46 by 2029, compared to 60 plants in 2015 with a total design capacity exceeding 26 million tons per year [1] Group 2 - Major companies like Shell and SABIC are reassessing and optimizing their European asset portfolios, which include four cracker plants in the Netherlands, Germany, and the UK with a total ethylene capacity of 2.6 million tons per year [2] - BP is seeking buyers for its integrated refining and petrochemical assets in Gelsenkirchen, Germany, while Dow has announced the permanent closure of its 510,000 tons per year mixed feed cracker in Germany by Q4 2027 [2] - The closures are a response to ongoing industry challenges, with Shell's CEO acknowledging the need to evaluate its loss-making global chemical assets and potentially further selectively shut down facilities in Europe [2] Group 3 - SABIC's CEO emphasized the need to optimize the asset portfolio and does not rule out exiting certain markets due to the pressing need to reduce costs [3] - Dow's CEO revealed that the board has approved the closure of three chemical plants in Europe to adjust regional capacity and mitigate commercial sales risks [3] - The current operating rate of European cracker plants is around 75%, and by reducing ethylene capacity by 4.5 million tons per year, it is expected that the operating rate will rebound to approximately 85% by 2030, promoting market balance [3]

Core Insights - The global clean hydrogen projects are facing significant cancellations and delays due to insufficient demand, high costs, and strategic adjustments by companies [2][4] - Strategic adjustments account for 48% of the canceled capacity, approximately 6 million tons per year, as developers reassess commitments made during earlier optimistic phases of the industry [2] - A lack of strong demand has led to 13% of project cancellations, with actual demand growth falling short of expectations due to low willingness to pay and regulatory uncertainties [2] Cost and Funding Challenges - Hydrogen project costs are unlikely to decrease in the short term, and the industry remains highly dependent on subsidies and public funding [3] - Current funding mechanisms for clean hydrogen projects are insufficient to support all announced projects in the short term [3] - Policy support, such as the EU's Renewable Energy Directive III (RED III), is crucial for building sustainable business models in the hydrogen sector [3] Project Development Risks - As hydrogen projects enter deep development phases, they may face cancellation risks due to permitting and related development obstacles [3] - Approximately 20 hydrogen projects have been canceled due to issues related to environmental impact, land use, and water supply [3] - The complexity of large-scale infrastructure projects increases the challenges associated with obtaining renewable clean electricity for electrolysis [3] Industry Transition and Future Outlook - The initial enthusiasm for clean hydrogen is giving way to a more cautious approach as the industry faces real challenges [4] - Despite project cancellations, new projects continue to emerge in regions like India and China, indicating ongoing interest in the sector [4] - Bridging the gap between policy ambitions and commercial viability requires strong government support, genuine market signals, and clearer investment guidance [4]

Group 1 - The South Korean petrochemical industry is undergoing a comprehensive restructuring due to oversupply, with small independent naphtha cracking units potentially facing shutdowns and some facilities considering mergers to cope with the crisis [1] - The South Korean Ministry of Trade, Industry and Energy announced that the top ten petrochemical companies in Korea have agreed to cut naphtha cracking capacity by 2.7 to 3.7 million tons per year, which is equivalent to 25% of the current total capacity, aiming to alleviate the long-term oversupply situation and improve industry profit margins [1] - Wood Mackenzie's chemicals division head, Catherine Tan, indicated that the restructuring's impact on naphtha demand may exceed that of liquefied petroleum gas (LPG), as 82% of ethylene production in Korea relies on naphtha as a feedstock [1] Group 2 - SK Innovation is considering various options, including shutting down a naphtha cracking unit, while analysts suggest that YNCC, the third-largest ethylene producer in Korea, may close 1 to 2 of its 3 cracking units [2] - Hyundai Heavy Industries is in talks with Lotte Chemical regarding the acquisition of its naphtha cracking unit or a business merger, with Lotte being the second-largest ethylene producer in Korea [2]

中化新网讯 9月3日，伊拉克石油行业消息人士透露，英国石油公司(BP)工程师已抵达伊拉克北部基尔 库克省，并启动了对4座战略油田的初步评估工作。此举标志着该公司与伊拉克签订的250亿美元的基尔 库克油田再开发协议正式进入实施阶段。 今年3月，伊拉克联邦政府正式批准了该合同，BP与伊拉克最终敲定了这项总投资约250亿美元的协 议。根据协议，NOC、NGC与BP将合作对基尔库克多个巨型油田进行修复与再开发，涵盖石油、天然 气、电力及水资源领域，并可能拓展至勘探领域。 BP表示，协议首阶段目标为生产超过30亿桶油当量的油气资源，涉及基尔库克油田的巴巴穹隆和阿瓦 纳穹隆构造，以及伊拉克管辖区域内毗邻的目前均由NOC运营的拜哈桑、詹布尔和哈巴兹油田。据BP 估算，合同区及周边区域的潜在资源总量或高达200亿桶油当量。 据伊拉克北方石油公司(NOC)和北方天然气公司(NGC)内部人士称，BP专家组已着手开发基尔库克地区 这两家伊拉克国有企业的基础设施与生产设施。根据伊拉克消息源，这些油田评估完成后将制定长期开 发计划，旨在提高油气产量并优化开采效率。 ...

中化新网讯 近日，因油价下跌及宏观运营环境恶化，马来西亚国家石油公司宣布，上半年营收和利润 双双走低，油气产量同比下滑3%。公司销售收入下降24%，税后利润减少19%。 2025年上半年，马国油公司日均油气总产量为240.3万桶油当量/日，较2024年同期的248.2万桶油当量/ 日下降3.2%，主要归因于国内天然气产量下降和国际石油产量减少。面对马来西亚本土增产困境，叠 加上半年动荡的宏观环境，公司经营压力加剧。 针对上半年业绩，马国油总裁兼集团CEO东姑穆罕默德·陶菲克表示："在2025年上半年日益严峻的宏观 环境下，我们仍坚定致力于增强业务韧性和资产组合质量，以实现长期增长。"目前，Petronas正通过战 略转型应对全球市场挑战，重点聚焦资产组合优化、战略合作、生产效率提升和成本管控。 ...

据悉，该区块面积达1000平方千米，道达尔作为运营者持股50%、卡塔尔能源持股35%、刚果国家石油 公司持股15%。该区块所处地理位置距黑角海岸约100千米(62英里)，紧邻日产约10万桶油当量的Moho 油田。道达尔勘探高级副总裁凯文·麦克拉克伦表示："Nzombo区块前景广阔，既符合我们通过高潜力 项目拓展勘探组合的战略，又能依托现有设施实现开发协同，进一步巩固与刚果的长期合作。" 中化新网讯 近日，道达尔能源获得刚果共和国近海大型新勘探许可证Nzombo，该区域毗邻其运营的 Moho油田设施，有望提升西非油气供应水平。 ...

近期，天然气需求和产量也都大概率会上升，连能源转型的积极倡导者国际能源署(IEA)都在近期报告 中表示，预计天然气需求将持续增长，尤其是LNG需求。在能源转型最激进的欧洲，可再生能源的大 幅增长也并未显著降低天然气需求。结合人工智能增长前景及其对电力需求的影响后，可以判定，未来 对天然气的需求只会更加稳固。 从天然气能源的必要性看，多家石油巨头最新季度报告均强调了液化天然气(LNG)业务的重要性。当前 已迎来人工智能时代，分析师认为，人工智能将推动全球电力需求飙升，而风电和太阳能无法满足数据 中心的新增电力需求，天然气发电恰恰是最稳定和清洁的能源供应方式，因此只能寄望于LNG这一化 石能源。事实上，LNG也已成为能源巨头的关注焦点。此前，壳牌宣布计划到2030年新增1200万吨/年 LNG产能。法国道达尔能源公司既推进自有LNG项目，也与其他生产商开展LNG贸易，计划到2030年 将公司控制的LNG量提升50%。今年初，英国石油公司(BP)在塞内加尔和毛里塔尼亚近海启动了新的 LNG项目，并计划将这两个国家打造成大型LNG枢纽。埃克森美孚和雪佛龙在该领域同样雄心勃勃： 埃克森美孚计划到2030年将LNG资产增 ...

三胺车间的"液尿互送"创新同样亮眼。检修时，车间通过专用管线互送液尿，尿素消耗从3.01吨压减至 2.98吨的历史最优；托品车间严把原料入口关，甲醛醇含量严控在1%以下，系统连运周期延长至70天 以上，醇耗、电耗持续下降。"现在每个班组都有'消耗台账'，超一点就分析原因，降本已经成了全员 的行动自觉。"生产调度中心主任段宏伟说。 设备挖潜：修旧利废激活"新效益" 在设备维修车间内，师傅们正拿着扳手调试修复好的阀门，旁边的"修旧利废登记本"上，详细记录着每 一件旧件的修复情况："3月15日，修复碳化循环水阀门3个，节省采购费1200元；3月20日，维修换热器 密封件2套，减少外委费2000元。"丰喜平陆分公司将"能修不换、能省不花"刻进设备管理基因，建 立"旧件回收—检测—修复—再利用"闭环，针对生产中易损耗的阀门、密封件、泵体配件等，优先开展 自主维修，仅今年一季度就通过修旧利废节省外委费用12万元。 全员过"紧日子" 处处有"金点子" "主产品消耗回归历史最优，每日可减亏2.35万元；办公用电月降3万千瓦时，生活用水月省600立方 米。"近日，在潞安化工丰喜平陆分公司(以下简称丰喜平陆分公司)现金流保卫战阶 ...