Core Viewpoint - The commencement of the 30,000-ton n-olefin project by Daqing Shengxing Petrochemical Co., Ltd. marks a significant breakthrough in the local oil service industry, establishing a "central enterprise chain leader" investment factory in Duerbote Mongolian Autonomous County, Heilongjiang Province [1] Company Summary - Daqing Shengxing Petrochemical Co., Ltd. is undertaking a n-olefin and iso-dodecanol project, with the first phase covering an area of approximately 200 acres [1] - The total investment for the n-olefin project is 515 million yuan, with the first phase expected to be operational by 2026 and the second phase by 2027 at the latest [1] - Upon reaching full production, the project is projected to generate an annual output value of 557 million yuan and contribute 46.27 million yuan in taxes annually [1] Industry Summary - The n-olefin facility is the largest single-unit n-olefin project in China, which is expected to reverse the current import situation of n-olefin products and support the domestic development of the fine chemical industry [1] - The project is anticipated to drive the development of related industrial clusters, including upstream exploration and development, high-end materials, and logistics support, creating a multiplier effect [1] - As of now, there are 42 industrial enterprises above designated size in Duerbote Mongolian Autonomous County, which achieved an industrial output value of 6.32 billion yuan from January to August this year, with a total added value of 1.06 billion yuan and a growth rate of 1.9%, indicating a stable and progressive industrial economy [1]

Overview - Propylene Tetramer (四聚丙烯) is an organic compound with the chemical formula C12H18, primarily used in the production of various chemical products such as acrylonitrile-butadiene-styrene (ABS) and butadiene rubber [1] Market Demand and Growth - The demand for propylene tetramer is expected to grow steadily, with a projected demand of 176,500 tons and a market size of 5.334 billion yuan in 2024 [1] - High-performance propylene tetramer is expected to account for approximately 33.43% of the market, while general-purpose propylene tetramer will make up about 66.57% [1] Industry Applications - High-performance propylene tetramer is widely used in aerospace and high-end electronics due to its excellent chemical resistance and molecular weight distribution [2] - General-purpose propylene tetramer is utilized in surfactants and daily consumer products, benefiting from good flexibility, processing performance, and cost advantages [2] Technological Development - The number of patent applications related to propylene tetramer in China reached a peak of 11 in 2023, indicating a significant increase in technological advancements [4] - Companies are investing in research and development to improve product quality, reduce production costs, and minimize environmental pollution [4] Industry Chain - The upstream of the propylene tetramer industry includes suppliers of raw materials such as propylene and catalysts, while the midstream consists of production companies [6] - The downstream market primarily uses propylene tetramer for synthesizing various products, with the largest consumption being for the production of 24-carbon alkenes, accounting for 21.98% of usage in 2024 [7] Competitive Landscape - The propylene tetramer industry in China has relatively few participants, leading to a more relaxed market competition [9] - Key players include Hebei Xinxinyuan Energy Co., Ltd., Guangdong Renkangda Material Technology Co., Ltd., and others, with many companies primarily using their production for internal purposes rather than external sales [9] Future Trends - Companies are expected to increase R&D investments to develop high-value-added products to meet the demands of high-end manufacturing [13] - Environmental policies are becoming increasingly influential, prompting companies to enhance their environmental facilities and improve production processes to comply with regulations [13]