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投资711亿!又一化工巨头成立
DT新材料· 2025-09-06 16:04
Core Viewpoint - The establishment of the joint venture company, Fujian Zhong-A Refining and Chemical Co., Ltd., marks a significant investment in the refining and chemical sector, with a total investment of 711 billion RMB, focusing on the integrated refining and chemical project in Fujian [3][4]. Group 1: Joint Venture Details - The joint venture was officially registered on September 4, with a registered capital of 28.8 billion RMB, where Fujian Refining and Chemical Co., Ltd. holds 50%, Sinopec holds 25%, and Saudi Aramco's subsidiary holds 25% [3]. - This project is the largest single investment in refining by Sinopec and the largest industrial project in Fujian province to date, representing a new model of energy cooperation between China and Saudi Arabia [3]. Group 2: Project Investment and Construction - The total investment for the project is 711 billion RMB, with plans for full production by 2030, including the construction of over 30 refining and chemical units [4]. - Key refining capacities include: 16 million tons/year of atmospheric distillation, 3.8 million tons/year of light hydrocarbon recovery, and various hydrogenation and cracking units [4]. - Chemical production will include: 1.5 million tons/year of steam cracking, 600,000 tons/year of hydrogenation of cracked gasoline, and multiple other chemical units [4]. Group 3: Saudi Aramco's Strategic Moves - Saudi Aramco's downstream president stated that this project signifies a new step in their investment in China, with plans to supply over 1 million barrels of crude oil daily to China, enhancing the "oil-to-chemicals" transition [5]. - Saudi Aramco has been actively increasing its market presence in China, with significant investments and partnerships, including a recent agreement with Rongsheng Petrochemical [5]. - The company aims to participate in various large-scale refining and chemical projects in China, indicating a strategic focus on the Chinese market [6][7].
8月PE开工攀升 HDPE产量环比飙升11.68%
Sou Hu Cai Jing· 2025-08-12 07:21
Core Insights - The overall operating rate of China's polyethylene (PE) industry in August 2025 is estimated at 80.44%, showing an increase from July [3][5] - The operating rates for different PE categories are as follows: LDPE increased by 1.98 percentage points to 68.77%, LLDPE slightly increased by 0.04 percentage points to 81.16%, and HDPE saw a significant rise of 8.65 percentage points to 82.65% [5][6] LDPE Analysis - LDPE production experienced a slight increase, with an estimated growth of 2.96% month-on-month [6] - The restart of Zhejiang Petrochemical's high-pressure unit after maintenance helped offset the production gap caused by planned maintenance at Shenhua Xinjiang [6] - Notable increases in LDPE varieties include a rise of 15,600 tons in film materials, while coating and injection materials saw declines of 13,000 tons and 4,200 tons, respectively [6] LLDPE Analysis - The LLDPE market in August displayed a trend of "stable total volume, structural changes" [6] - Overall production saw a minor increase of 0.04%, but significant internal adjustments occurred [6] - LLDPE film (MI=2, excluding opening agents) production increased by 56,800 tons, while other LLDPE varieties experienced reductions, including a decrease of 33,400 tons in LLDPE (MI=2, including opening agents) [6] HDPE Analysis - HDPE production surged by 11.68% month-on-month, marking the largest single-month increase of the year [7] - This growth was primarily driven by the restart of the dual lines at Lianyungang Petrochemical and the commissioning of a new facility at Jilin Petrochemical [7] - The supply of HDPE film saw a notable increase of approximately 103,700 tons, while other categories like HDPE pipe and various other products also experienced growth [7] Market Outlook - The supply pattern for PE in August is characterized by "HDPE increase, LDPE stability, and LLDPE flatness" [8] - It is anticipated that the HDPE supply will face pressure in a relaxed supply environment, while LDPE prices are expected to maintain a high level [8]
京博聚烯烃,5万吨/年聚合改性一体化项目公示
DT新材料· 2025-07-28 15:28
Core Viewpoint - The article discusses the environmental impact assessment acceptance of a new integrated production project by Shandong Jingbo Polyolefin New Materials Co., Ltd., which aims to establish a 50,000 tons/year polyolefin polymer modification production line targeting various markets such as automotive lightweighting and medical packaging [1][2]. Group 1: Project Overview - The project is located in the Shandong Province, specifically in the Binzhou City, and will include a full process from catalyst development to polymerization and blending modification [2]. - The production line is expected to be operational by Q2 2026, with capacities of 20,000 tons/year for high-density polyethylene (HDPE), 15,000 tons/year for polypropylene (PP) modified materials, 10,000 tons/year for elastomers (POE), and 5,000 tons/year for specialty functional masterbatches [3]. Group 2: Company Background - Jingbo Polyolefin was established in 2022, evolving from the polyolefin materials division of Jingbo Petrochemical, and is part of Jingbo Holding Group's high-performance multifunctional new materials sector [4]. - The company currently operates a production capacity of 600,000 tons/year for high-performance polypropylene resin and 10,000 tons/year for polybutene alloys, offering a range of high-end products including transparent polypropylene and impact copolymer polypropylene [4].
JPCA:日本石化行业持续低迷
Zhong Guo Hua Gong Bao· 2025-06-10 02:41
Group 1 - The Japanese petrochemical industry is facing a decline in production due to weak domestic demand, with a projected decrease in output for 2024 compared to previous years [1] - The operating rate of Japan's cracking facilities is expected to remain below historical levels, with a 6.3% year-on-year drop in ethylene production, reaching 4.99 million tons in 2024 [1] - Total production of five major plastics (LLDPE, HDPE, PP, PS, PVC) is anticipated to fall to 5.7 million tons in 2024, a decrease of 5.2% from 2023 [1] Group 2 - Domestic ethylene equivalent demand in Japan is expected to see a slight increase of 1.4%, reaching 3.92 million tons in 2024 [1] - Despite anticipated global economic growth in 2025, geopolitical issues pose risks that could negatively impact demand [1] - The actual GDP growth rate in Japan is projected to accelerate to 1.2% in 2025, driven by increased exports, sustained personal consumption, and higher capital investment [1] Group 3 - The Japanese Petrochemical Association (JPCA) emphasizes the industry's new role in achieving carbon neutrality and promoting a circular economy [2] - The industry is encouraged to reduce greenhouse gas emissions from existing facilities using current technologies before gradually introducing new technologies for sustainable development [2]