In the past two years, there have been news that companies outside the chemical industry have entered the chemical industry. In the coal chemical industry, fuel ethanol, polyvinyl chloride, inorganic salts and other fields formed an investment boom. The reporter recently conducted some investigations on these new “starters†in the chemical industry.
Recently launched a project review In recent years, companies outside the industry entered the wave of the chemical industry. In the field of coal chemical industry, Xinao Gas Holding Co., Ltd. established a joint venture in Erdos, Inner Mongolia last year to enter the coal chemical industry to produce methanol and dimethyl ether; China Biopharmaceutical Co., Ltd. announced on September 3, 2006 that the company will The Shaanxi Provincial Government jointly invested 5 billion yuan to build a coal-to-olefins industrial project; the same day, Shawan County, Xinjiang Uygur Autonomous Region and Western Development Holdings Co., Ltd. formally signed a coal chemical and chemical innovation industrial park project with a total investment of 7.6 billion yuan; 2006 On September 13, the agreement between the National Development and Investment Corporation and Zhengzhou City to establish a coal chemical project was formally signed in Zhengzhou. This project will use Zhengzhou City's abundant coal resources to produce olefins or dimethyl ether and other chemical products; this year in May, Liquor producer Xinjiang Yilite Industrial Co., Ltd. issued an announcement that the company plans to enter the field of coal chemical industry.
In the field of fuel ethanol, due to the implementation of the national new energy strategy, biomass energy plays an important role in the future national economic plan. China’s largest food production company, China Cereals, Oils and Foodstuffs (Group) Co., Ltd. has taken the biochemical energy industry as one of the company's key development directions, and has successively joined Jilin China Resources Biochemical Co., Ltd. and Anhui Fengyuan Biochemical Co., Ltd. The core businesses of the bio-energy and bio-chemical industries, which are mainly fuel ethanol projects, are being carried out. At the end of 2006, COFCO's first biomass energy project in Guangxi - the 200,000 tons/year fuel ethanol project was also officially started in Hepu Industrial Park. It is reported that COFCO currently has a capacity of 1.25 million tons of fuel ethanol. In addition, due to the inability to resist the attractiveness of new energy sources, even the State Grid Corporation of China, which is engaged in transmission and distribution business, is also interested in entering the fuel ethanol field. At present, the State Grid Corporation has built 5 new biomass power plants. By the end of this year, 10 to 12 biomass power plants will be put into operation. Based on these power plants, the State Grid Corporation has established straw raw material bases in many places.
In other areas of the chemical industry, there are also companies outside the industry “engaging inâ€. On August 23 this year, the second public auction of Quangang Marine Polyphenyl Resin Co., Ltd. in Quanzhou, Fujian Province, the Peking University Founder Group successfully bid for a final price of 350 million yuan. In addition, the application for convertible corporate bonds issued by CITIC Guoan Information Industry Co., Ltd. for the issuance of warrants and bonds was conditionally approved by the China Securities Regulatory Commission's Issuance Committee, and the proceeds from the exercise of warrants will be used for the comprehensive development of Qinghai Salt Lake Resources. Development project. Qinghai Salt Lake Resources Comprehensive Development Project is a key project of CITIC Guoan to further control superior resources, realize resource recycling, and enhance the development potential of enterprises. Among them, the total investment for the first project is 2.175 billion yuan. The construction scale is to produce 700,000 tons of potassium magnesium fertilizer, 35,000 tons of boric acid and 20,000 tons of lithium carbonate. The second project will have a total planned investment of 1.922 billion yuan. To produce 50,000 tons of light magnesium oxide, 100,000 tons of magnesium hydroxide and 50,000 tons of high-purity magnesia.
It can be seen that the scale and confidence of the off-site companies that have launched the chemical projects are increasing.
The state attaches importance to: The company enters the market with advantage. Since the beginning of this year, the country has vigorously promoted the principle of energy conservation and emission reduction, proposed a new energy strategy, and promoted clean production. At the same time, under the guidance of the policy of the development of the western region and the revitalization of old industrial bases in the northeast, the central and local governments attach great importance to the development of chemical companies. Many large-scale projects launched around the country are chemical projects. On January 26 of the beginning of this year, General Secretary of the CPC Central Committee and President Hu Jintao also inspected Jilin Fuel Ethanol Co., Ltd. and asked the company to organize scientific research and actively explore the production of fuel ethanol by non-food. On June 6, Zhou Tienong, vice chairman of the National Committee of the Chinese People's Political Consultative Conference (CPPCC), led the inspection team of the National Committee of the Chinese People's Political Consultative Conference (CPPCC) to visit the Shenyang Chemical Group, one of the 1,000 most important energy-consuming enterprises in China. On August 18th, Premier Wen Jiabao of the State Council inspected the Xinjiang Tianye Group, which is mainly chlor-alkali chemical industry. Another signal comes from June 10 this year. The new-generation coal chemical technology innovation alliance was established in Beijing on that day. According to reports, the coalition will aim at the clean and efficient development, utilization, liquefaction and polygeneration of coal, coal gasification as the leader, synthesize various fuel oils and chemical products, and provide clean, high calorific value coal to other industries. Clean use technology. The establishment of the alliance is a new milestone in the utilization technology of coal chemical industry in China, showing the important development prospects of the technology in the future. In the current situation of tight energy resources and high international oil prices, the development of new energy sources and the building of a conservation-minded society is an important issue to be considered by the party and the government. With the attention of the national leaders, the development of coal chemical technology based on China's abundant coal resources, and the development of fuel ethanol technology based on abundant corn raw materials have naturally become the darling of today.
Strong demand: good market prospects Another important reason for the chemical industry to attract many foreign investments is its good operating performance. Since the beginning of this year, with the rapid development of the domestic economy, the importance of the chemical industry has become more prominent. Polyurethanes, silicones, soda ash, caustic soda, PVC, fertilizers, carbon black and other sub-industries have achieved rapid development, and the market prospects are prosperous. . In the polyurethane industry, according to the annual report of Yantai Wanhua Polyurethane Co., Ltd., the company's operating performance in the first half of 2007 increased significantly, net profit reached 606 million yuan, an increase of 94.21% year-on-year; Shanxi Three-dimensional Group Co., Ltd. released the middle of the year The report also showed that in the first half of 2007, the company’s net profit was 179 million yuan, an increase of 223% year-on-year. In the soda ash industry, the annual report of Shandong Haihua Group Co., Ltd., the largest soda ash producer in the country, showed that in the first half of 2007, the company’s leading products increased significantly, with a net profit of 94.4031 million yuan and a return on net assets of 9.87%. Soda Ash Enterprise Tangshan Sanyou Chemical Industry Co., Ltd. achieved operating revenue of 1.689 billion yuan and net profit of 151 million yuan in the first half of 2007, an increase of 46.1% and 95.6% year-on-year respectively. In the silicone field, Xinan Chemical Group Co., Ltd., one of the leading domestic silicone companies, announced that the company achieved revenue of RMB 1.616 billion in its main business in the first half of 2007 and achieved a net profit of RMB 191 million, a year-on-year increase of 52.38%. In terms of PVC, in the first half of 2007, the price of polyvinyl chloride (PVC) came out of a wave of better prices. Since March, domestic PVC prices have started to soar. The average price of PVC in the first quarter was only 6,600 yuan/ton, and by mid-June, it has reached 7,800 yuan/ton, a record high in recent years. At the beginning of July, due to the export tax rebate reduction policy, the domestic PVC market once fell in price, but by the middle of July, under the support of factors such as the shortage of calcium carbide raw materials and the nationwide heavy rain, which caused transportation to be blocked, PVC prices were supported. Once again, we have already reached a price of more than 8,000 yuan per tonne in August.
The rapid growth of performance has naturally attracted attention. After the companies discovered the prosperity of the chemical industry, investing in the chemical industry is naturally a matter of course.
Diversified strategy: The way to expand the business At present, the situation of world economic integration is becoming more and more prominent. Each company must face not only the competition of domestic enterprises but also the competition of international rivals. In particular, China's accession to the WTO has been nearly 6 years. The country will allow foreign capital to enter in more fields, making many companies face short-sleeved connections with international giants. In response to this situation, many companies have begun to take a diversified development path to avoid risks and find new profit growth points. Entering the chemical industry is one of its choices.
Sichuan Tongwei Group is an example. Three years ago, Sichuan Tongwei Group, which is mainly engaged in feed breeding, signed a contract with Leshan Superstar Group, a rival in the feed industry, and announced that it will jointly invest in the PVC resin project. Now Sichuan Yongxiang Co., Ltd. established by both parties has reached a scale of 100,000 tons per year. In addition, the group has just recently invested 5 billion yuan to build a 10,000-ton/year polysilicon project. In addition, Shandong Huatai Paper Co., Ltd. also reported news earlier this year that the company will acquire the entire equity of three chemical plants and one thermal power plant owned by the parent company. It is understood that in the future, the company will adopt the business model of "mainly newsprint production and supplemented by chemical production," and chemical products will become the company's new profit growth point. The Guizhou Anshun Power Plant is currently constructing a PVC project. Upon completion, it will have an annual production capacity of 140,000 tons of PVC and 120,000 tons of caustic soda. On August 28, Datang International Power Generation Co., Ltd. announced a major investment project in the second half of the year. The company will invest in the formation of a project company and will control the development and construction of a coal-based olefin project in Duolun County, Inner Mongolia. The total investment of the project is 16.2 billion yuan. This coal chemical project will use coal from Inner Mongolia Shengli Coalfield, where Datang Power is involved in the development, as raw materials. It will use the world's advanced pulverized coal gasification technology, synthetic gas purification technology, large-scale methanol synthesis technology, methanol-based propylene technology and propylene polymerization technology to produce chemical products. The product is expected to produce an annual output of 460,000 tons of polypropylene and other by-products. The company stated that this major investment in Datang Power is not only an extension of the company's diversified development strategy, but also will have the opportunity to share good investment opportunities in emerging industries.
In mid-August, PricewaterhouseCoopers released the latest quarterly report on global industrial M&A transactions. The report pointed out that the global industrial M&A activity in the first half of this year continued its momentum in 2006 and continued to remain strong. Calculated by transaction amount, the first half of this year exceeded the total amount of transactions for the entire year of 2006, mainly because many large-scale mergers and acquisitions transactions were completed one after another this year.
Under the background of accelerated development of the global chemical industry, China's chemical industry as an important unit is not far behind. As long as the relevant chemical companies implement the national guidelines for energy conservation and emission reduction, adhere to clean production, optimize product mix, and strive to improve their competitiveness in the market, we believe that after further market allocation, chemical companies will appear at the current high speed with a more competitive attitude. In the development of the market.
Recently launched a project review In recent years, companies outside the industry entered the wave of the chemical industry. In the field of coal chemical industry, Xinao Gas Holding Co., Ltd. established a joint venture in Erdos, Inner Mongolia last year to enter the coal chemical industry to produce methanol and dimethyl ether; China Biopharmaceutical Co., Ltd. announced on September 3, 2006 that the company will The Shaanxi Provincial Government jointly invested 5 billion yuan to build a coal-to-olefins industrial project; the same day, Shawan County, Xinjiang Uygur Autonomous Region and Western Development Holdings Co., Ltd. formally signed a coal chemical and chemical innovation industrial park project with a total investment of 7.6 billion yuan; 2006 On September 13, the agreement between the National Development and Investment Corporation and Zhengzhou City to establish a coal chemical project was formally signed in Zhengzhou. This project will use Zhengzhou City's abundant coal resources to produce olefins or dimethyl ether and other chemical products; this year in May, Liquor producer Xinjiang Yilite Industrial Co., Ltd. issued an announcement that the company plans to enter the field of coal chemical industry.
In the field of fuel ethanol, due to the implementation of the national new energy strategy, biomass energy plays an important role in the future national economic plan. China’s largest food production company, China Cereals, Oils and Foodstuffs (Group) Co., Ltd. has taken the biochemical energy industry as one of the company's key development directions, and has successively joined Jilin China Resources Biochemical Co., Ltd. and Anhui Fengyuan Biochemical Co., Ltd. The core businesses of the bio-energy and bio-chemical industries, which are mainly fuel ethanol projects, are being carried out. At the end of 2006, COFCO's first biomass energy project in Guangxi - the 200,000 tons/year fuel ethanol project was also officially started in Hepu Industrial Park. It is reported that COFCO currently has a capacity of 1.25 million tons of fuel ethanol. In addition, due to the inability to resist the attractiveness of new energy sources, even the State Grid Corporation of China, which is engaged in transmission and distribution business, is also interested in entering the fuel ethanol field. At present, the State Grid Corporation has built 5 new biomass power plants. By the end of this year, 10 to 12 biomass power plants will be put into operation. Based on these power plants, the State Grid Corporation has established straw raw material bases in many places.
In other areas of the chemical industry, there are also companies outside the industry “engaging inâ€. On August 23 this year, the second public auction of Quangang Marine Polyphenyl Resin Co., Ltd. in Quanzhou, Fujian Province, the Peking University Founder Group successfully bid for a final price of 350 million yuan. In addition, the application for convertible corporate bonds issued by CITIC Guoan Information Industry Co., Ltd. for the issuance of warrants and bonds was conditionally approved by the China Securities Regulatory Commission's Issuance Committee, and the proceeds from the exercise of warrants will be used for the comprehensive development of Qinghai Salt Lake Resources. Development project. Qinghai Salt Lake Resources Comprehensive Development Project is a key project of CITIC Guoan to further control superior resources, realize resource recycling, and enhance the development potential of enterprises. Among them, the total investment for the first project is 2.175 billion yuan. The construction scale is to produce 700,000 tons of potassium magnesium fertilizer, 35,000 tons of boric acid and 20,000 tons of lithium carbonate. The second project will have a total planned investment of 1.922 billion yuan. To produce 50,000 tons of light magnesium oxide, 100,000 tons of magnesium hydroxide and 50,000 tons of high-purity magnesia.
It can be seen that the scale and confidence of the off-site companies that have launched the chemical projects are increasing.
The state attaches importance to: The company enters the market with advantage. Since the beginning of this year, the country has vigorously promoted the principle of energy conservation and emission reduction, proposed a new energy strategy, and promoted clean production. At the same time, under the guidance of the policy of the development of the western region and the revitalization of old industrial bases in the northeast, the central and local governments attach great importance to the development of chemical companies. Many large-scale projects launched around the country are chemical projects. On January 26 of the beginning of this year, General Secretary of the CPC Central Committee and President Hu Jintao also inspected Jilin Fuel Ethanol Co., Ltd. and asked the company to organize scientific research and actively explore the production of fuel ethanol by non-food. On June 6, Zhou Tienong, vice chairman of the National Committee of the Chinese People's Political Consultative Conference (CPPCC), led the inspection team of the National Committee of the Chinese People's Political Consultative Conference (CPPCC) to visit the Shenyang Chemical Group, one of the 1,000 most important energy-consuming enterprises in China. On August 18th, Premier Wen Jiabao of the State Council inspected the Xinjiang Tianye Group, which is mainly chlor-alkali chemical industry. Another signal comes from June 10 this year. The new-generation coal chemical technology innovation alliance was established in Beijing on that day. According to reports, the coalition will aim at the clean and efficient development, utilization, liquefaction and polygeneration of coal, coal gasification as the leader, synthesize various fuel oils and chemical products, and provide clean, high calorific value coal to other industries. Clean use technology. The establishment of the alliance is a new milestone in the utilization technology of coal chemical industry in China, showing the important development prospects of the technology in the future. In the current situation of tight energy resources and high international oil prices, the development of new energy sources and the building of a conservation-minded society is an important issue to be considered by the party and the government. With the attention of the national leaders, the development of coal chemical technology based on China's abundant coal resources, and the development of fuel ethanol technology based on abundant corn raw materials have naturally become the darling of today.
Strong demand: good market prospects Another important reason for the chemical industry to attract many foreign investments is its good operating performance. Since the beginning of this year, with the rapid development of the domestic economy, the importance of the chemical industry has become more prominent. Polyurethanes, silicones, soda ash, caustic soda, PVC, fertilizers, carbon black and other sub-industries have achieved rapid development, and the market prospects are prosperous. . In the polyurethane industry, according to the annual report of Yantai Wanhua Polyurethane Co., Ltd., the company's operating performance in the first half of 2007 increased significantly, net profit reached 606 million yuan, an increase of 94.21% year-on-year; Shanxi Three-dimensional Group Co., Ltd. released the middle of the year The report also showed that in the first half of 2007, the company’s net profit was 179 million yuan, an increase of 223% year-on-year. In the soda ash industry, the annual report of Shandong Haihua Group Co., Ltd., the largest soda ash producer in the country, showed that in the first half of 2007, the company’s leading products increased significantly, with a net profit of 94.4031 million yuan and a return on net assets of 9.87%. Soda Ash Enterprise Tangshan Sanyou Chemical Industry Co., Ltd. achieved operating revenue of 1.689 billion yuan and net profit of 151 million yuan in the first half of 2007, an increase of 46.1% and 95.6% year-on-year respectively. In the silicone field, Xinan Chemical Group Co., Ltd., one of the leading domestic silicone companies, announced that the company achieved revenue of RMB 1.616 billion in its main business in the first half of 2007 and achieved a net profit of RMB 191 million, a year-on-year increase of 52.38%. In terms of PVC, in the first half of 2007, the price of polyvinyl chloride (PVC) came out of a wave of better prices. Since March, domestic PVC prices have started to soar. The average price of PVC in the first quarter was only 6,600 yuan/ton, and by mid-June, it has reached 7,800 yuan/ton, a record high in recent years. At the beginning of July, due to the export tax rebate reduction policy, the domestic PVC market once fell in price, but by the middle of July, under the support of factors such as the shortage of calcium carbide raw materials and the nationwide heavy rain, which caused transportation to be blocked, PVC prices were supported. Once again, we have already reached a price of more than 8,000 yuan per tonne in August.
The rapid growth of performance has naturally attracted attention. After the companies discovered the prosperity of the chemical industry, investing in the chemical industry is naturally a matter of course.
Diversified strategy: The way to expand the business At present, the situation of world economic integration is becoming more and more prominent. Each company must face not only the competition of domestic enterprises but also the competition of international rivals. In particular, China's accession to the WTO has been nearly 6 years. The country will allow foreign capital to enter in more fields, making many companies face short-sleeved connections with international giants. In response to this situation, many companies have begun to take a diversified development path to avoid risks and find new profit growth points. Entering the chemical industry is one of its choices.
Sichuan Tongwei Group is an example. Three years ago, Sichuan Tongwei Group, which is mainly engaged in feed breeding, signed a contract with Leshan Superstar Group, a rival in the feed industry, and announced that it will jointly invest in the PVC resin project. Now Sichuan Yongxiang Co., Ltd. established by both parties has reached a scale of 100,000 tons per year. In addition, the group has just recently invested 5 billion yuan to build a 10,000-ton/year polysilicon project. In addition, Shandong Huatai Paper Co., Ltd. also reported news earlier this year that the company will acquire the entire equity of three chemical plants and one thermal power plant owned by the parent company. It is understood that in the future, the company will adopt the business model of "mainly newsprint production and supplemented by chemical production," and chemical products will become the company's new profit growth point. The Guizhou Anshun Power Plant is currently constructing a PVC project. Upon completion, it will have an annual production capacity of 140,000 tons of PVC and 120,000 tons of caustic soda. On August 28, Datang International Power Generation Co., Ltd. announced a major investment project in the second half of the year. The company will invest in the formation of a project company and will control the development and construction of a coal-based olefin project in Duolun County, Inner Mongolia. The total investment of the project is 16.2 billion yuan. This coal chemical project will use coal from Inner Mongolia Shengli Coalfield, where Datang Power is involved in the development, as raw materials. It will use the world's advanced pulverized coal gasification technology, synthetic gas purification technology, large-scale methanol synthesis technology, methanol-based propylene technology and propylene polymerization technology to produce chemical products. The product is expected to produce an annual output of 460,000 tons of polypropylene and other by-products. The company stated that this major investment in Datang Power is not only an extension of the company's diversified development strategy, but also will have the opportunity to share good investment opportunities in emerging industries.
In mid-August, PricewaterhouseCoopers released the latest quarterly report on global industrial M&A transactions. The report pointed out that the global industrial M&A activity in the first half of this year continued its momentum in 2006 and continued to remain strong. Calculated by transaction amount, the first half of this year exceeded the total amount of transactions for the entire year of 2006, mainly because many large-scale mergers and acquisitions transactions were completed one after another this year.
Under the background of accelerated development of the global chemical industry, China's chemical industry as an important unit is not far behind. As long as the relevant chemical companies implement the national guidelines for energy conservation and emission reduction, adhere to clean production, optimize product mix, and strive to improve their competitiveness in the market, we believe that after further market allocation, chemical companies will appear at the current high speed with a more competitive attitude. In the development of the market.
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