At the recently held “Sinopec Industry Investment Forumâ€, participants at the conference were generally concerned that although the Chinese petrochemical industry is currently at a new round of growth, it has poor sustainability, and environmental protection and energy consumption are under pressure. When the next round of recession comes, what are the opportunities and new growth opportunities for the petrochemical industry?
At present, the consensus from research institutions and investment companies is that new growth points in the chemical industry will be tied to new energy R&D and the application of new technologies. "Anyone who has mastered technology will have the world of China Chemicals." Chemical new energy and new materials will be the new areas with the most vitality and potential in the future, and will play a role in the new economic growth point of the chemical industry. At present, organic silicon, engineering plastics, carbon fiber, and membrane materials are not new in the laboratory, but are commonly used as new materials that are indispensable for China's aerospace, construction of Olympic venues, and other national economic construction.
Last year, the total industrial output value, fixed asset investment, and import and export trade growth rate of the petrochemical industry in China exceeded 20% year-on-year, and the increase was at the forefront among domestic industrial sectors. Yang Weicai, vice president of the China Petrochemical Industry Association, said that there has been an upsurge in investment in the petrochemical industry throughout the country, especially in the central and western regions. Companies including Yantai Wanhua, Yuntianhua and a number of listed companies have also raised capital through market financing. Accelerate development. However, the development of the petrochemical industry has become more and more obvious with one leg length and one short leg. On the one hand, the total amount of synthetic ammonia, soda ash, caustic soda, calcium carbide, and pesticides is relatively surplus. Only the expansion of quantity and lack of qualitative improvement are urgently needed to promote technological progress and energy saving; on the other hand, new chemical materials that are in short supply in the industry, High-tech, high-value-added products such as fine chemicals and biochemicals are still part of the infant industry and are constrained by technology.
The multinational petrochemical giants have clearly seen this. They have changed their strategy of buying cheap raw materials in China into a strategy of rushing to dump high-tech and high-value-added products. The major markets it aimed at, according to the US Hexion chemical sources, are fine chemicals and specialty chemicals in new areas. Shell (China) Co., Ltd. also said that Shell's important work in the next phase of China's business will be to promote its advanced chemical technology, such as coal gasification technology, hydrogen production technology, natural gas oil production technology.
Liu Yanwei, deputy chief engineer of the China Petroleum & Chemical Planning and Research Institute, believes that the peak of profitability of this petrochemical will continue into 2010, and will enter a trough after 2015. Although technology research and development is an important driver to save the industry from the recession, but precisely at this point, technology has become another major bottleneck in the development of China's petrochemical industry after the environment and resources.
Taking the road of technological innovation, due to its slow performance, high risk, and high investment, few companies and localities are willing to develop large-scale. According to Yang Weicai, during the “11th Five-Year Plan†period, a number of high-energy and high-pollution projects such as synthetic ammonia, calcium carbide and caustic soda with mature technologies, low entry barriers, and near-excess production capacity have been planned. In the previous discussion on the issue of hot fuel ethanol, biodiesel and other issues, due to the substantial price increases of agricultural and sideline products, the possibility of taking the grain and oil route will no longer exist.
Therefore, who will act as the main force of technological innovation in the future, who will lead large-scale capital into emerging technology areas will be the challenges and opportunities faced by the chemical industry. At present, a group of listed companies such as Lanxing Chemical and Ningbo Dacheng have begun to master the core technology of chemical materials with independent intellectual property rights. The people of the Petrochemical Industry Association and the Macroeconomic Research Institute of the National Development and Reform Commission all stated that the country has already introduced investment, exports, etc. A series of macro-control measures will restrain the "two-high" industries in petrochemicals. In the future, China's chemical industry will adjust its direction toward accelerating petrochemicals and fine chemicals, making the petrochemical industry a true national pillar industry.
At present, the consensus from research institutions and investment companies is that new growth points in the chemical industry will be tied to new energy R&D and the application of new technologies. "Anyone who has mastered technology will have the world of China Chemicals." Chemical new energy and new materials will be the new areas with the most vitality and potential in the future, and will play a role in the new economic growth point of the chemical industry. At present, organic silicon, engineering plastics, carbon fiber, and membrane materials are not new in the laboratory, but are commonly used as new materials that are indispensable for China's aerospace, construction of Olympic venues, and other national economic construction.
Last year, the total industrial output value, fixed asset investment, and import and export trade growth rate of the petrochemical industry in China exceeded 20% year-on-year, and the increase was at the forefront among domestic industrial sectors. Yang Weicai, vice president of the China Petrochemical Industry Association, said that there has been an upsurge in investment in the petrochemical industry throughout the country, especially in the central and western regions. Companies including Yantai Wanhua, Yuntianhua and a number of listed companies have also raised capital through market financing. Accelerate development. However, the development of the petrochemical industry has become more and more obvious with one leg length and one short leg. On the one hand, the total amount of synthetic ammonia, soda ash, caustic soda, calcium carbide, and pesticides is relatively surplus. Only the expansion of quantity and lack of qualitative improvement are urgently needed to promote technological progress and energy saving; on the other hand, new chemical materials that are in short supply in the industry, High-tech, high-value-added products such as fine chemicals and biochemicals are still part of the infant industry and are constrained by technology.
The multinational petrochemical giants have clearly seen this. They have changed their strategy of buying cheap raw materials in China into a strategy of rushing to dump high-tech and high-value-added products. The major markets it aimed at, according to the US Hexion chemical sources, are fine chemicals and specialty chemicals in new areas. Shell (China) Co., Ltd. also said that Shell's important work in the next phase of China's business will be to promote its advanced chemical technology, such as coal gasification technology, hydrogen production technology, natural gas oil production technology.
Liu Yanwei, deputy chief engineer of the China Petroleum & Chemical Planning and Research Institute, believes that the peak of profitability of this petrochemical will continue into 2010, and will enter a trough after 2015. Although technology research and development is an important driver to save the industry from the recession, but precisely at this point, technology has become another major bottleneck in the development of China's petrochemical industry after the environment and resources.
Taking the road of technological innovation, due to its slow performance, high risk, and high investment, few companies and localities are willing to develop large-scale. According to Yang Weicai, during the “11th Five-Year Plan†period, a number of high-energy and high-pollution projects such as synthetic ammonia, calcium carbide and caustic soda with mature technologies, low entry barriers, and near-excess production capacity have been planned. In the previous discussion on the issue of hot fuel ethanol, biodiesel and other issues, due to the substantial price increases of agricultural and sideline products, the possibility of taking the grain and oil route will no longer exist.
Therefore, who will act as the main force of technological innovation in the future, who will lead large-scale capital into emerging technology areas will be the challenges and opportunities faced by the chemical industry. At present, a group of listed companies such as Lanxing Chemical and Ningbo Dacheng have begun to master the core technology of chemical materials with independent intellectual property rights. The people of the Petrochemical Industry Association and the Macroeconomic Research Institute of the National Development and Reform Commission all stated that the country has already introduced investment, exports, etc. A series of macro-control measures will restrain the "two-high" industries in petrochemicals. In the future, China's chemical industry will adjust its direction toward accelerating petrochemicals and fine chemicals, making the petrochemical industry a true national pillar industry.
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