Core Viewpoint - Sinopec has achieved a significant breakthrough in the development of fluidized bed hydrogen peroxide production technology, breaking the long-standing foreign monopoly and providing technological support for the upgrade of domestic hydrogen peroxide production technology [1][2]. Group 1: Technology Development - The fluidized bed hydrogen peroxide production technology developed by Sinopec has been in research for 15 years, resulting in 72 Chinese invention patents and 1 PCT international patent [1]. - The new technology integrates multiple innovations, including three types of catalysts, three process enhancements, and two new reactions, significantly improving production efficiency [1]. - The fluidized bed process allows for large-scale equipment, meeting the production needs for projects like caprolactam and propylene oxide [1]. Group 2: Market Position and Production Capacity - In 2022, China held over 50% of the global hydrogen peroxide market share, with an annual production capacity of 24 million tons, although the production process mainly relied on outdated fixed bed technology [1]. - The first domestic industrial production unit using Sinopec's fluidized bed technology was established in Hunan in 2018, with a capacity of 72,000 tons per year, outperforming domestic technology standards [2]. - In 2024, Hunan Petrochemical is expected to produce a total of 58,500 tons of hydrogen peroxide, with the first half of the year showing a cumulative production of 318,600 tons and a significant reduction in comprehensive energy consumption year-on-year [2]. Group 3: Industry Impact and Future Prospects - Experts at a recent conference recognized that Sinopec's hydrogen peroxide technology effectively addresses the inherent safety issues in hydrogen peroxide production, indicating its potential for industry-wide adoption [2]. - The technology has already been licensed to foreign companies, with a major European engineering firm responsible for promoting its licensing in Europe and North America [1].