Core Viewpoint - The successful production of the 100,000 tons/year POE project by Shenghong Petrochemical marks a significant breakthrough in China's ability to produce POE independently, breaking decades of foreign technological monopoly [1][2]. Group 1: Company Developments - Shenghong Petrochemical has developed 18 different grades of POE products, which can be widely used in high-end fields such as photovoltaic encapsulation films, automotive manufacturing, and polymer modification, positioning it as a new profit growth driver for the company [1]. - The company has achieved a level of technological accumulation in five years that would typically take Western companies thirty years, surpassing international competitors in key performance indicators such as volume resistivity [2]. - The company is now the only one in China capable of independently producing both photovoltaic-grade EVA and POE, enhancing its competitive edge in the photovoltaic materials market [3]. Group 2: Industry Insights - The global demand for POE products is projected to reach approximately 1.12 million tons in 2024, with an expected compound annual growth rate of 5.72% over the next decade, indicating strong growth potential in emerging applications [3]. - The photovoltaic encapsulation film is currently the fastest-growing downstream application of POE, accounting for nearly 40% of the market, with demand for POE in photovoltaic applications expected to exceed 500,000 tons by 2025 [3]. - The successful launch of the POE project is expected to save downstream companies over 5 billion yuan annually by eliminating reliance on expensive imports [2].
盛虹石化10万吨/年POE项目成功投产,光伏产业迎来“中国高端膜”