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    Home > Chemicals Industry > China Chemical > China's ethylene industry production capacity status in 2021 and the "14th Five-Year Plan" status

    China's ethylene industry production capacity status in 2021 and the "14th Five-Year Plan" status

    • Last Update: 2021-06-08
    • Source: Internet
    • Author: User
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    [ Chemical Machinery Equipment Network Market Analysis ] From 2015 to 2020, China's ethylene production capacity increased from 22.
    005 million tons to 35.
    18 million tons, with an average annual compound growth rate of nearly 10%.
    It is expected that during the "14th Five-Year Plan" period, the cumulative domestic ethylene production capacity will reach 38.
    32 million tons, and the domestic ethylene production capacity will reach 73.
    5 million tons by the end of 2025.
    Chemical machinery and equipment network market analysis chemical machinery and equipment
    Major listed companies in the petrochemical industry : At present, the major listed companies in the domestic petrochemical industry include Sinopec (600028), PetroChina (601857), Rongsheng Petrochemical (002493), Wanhua Chemical (600309), Sinochem International (6000500), Hengyi Petrochemical (000703) etc.

     
    Major listed companies in the petrochemical industry:
    The core data of this article: ethylene capacity, ethylene capacity utilization rate
     
    The core data of this article:
    During the 13th Five-Year Plan period, the annual compound growth rate of production capacity is nearly 10%
     
    During the 13th Five-Year Plan period, the annual compound growth rate of production capacity is nearly 10%
    From 2015 to 2020, China's ethylene production capacity increased from 22.
    005 million tons to 35.
    18 million tons, with an average annual compound growth rate of nearly 10%.
    China's ethylene production capacity will reach 35.
    18 million tons in 2020, a year-on-year increase of 14.
    7%.
      From 2015 to 2020, the capacity utilization rate of the national ethylene industry has been declining year by year.
    By 2020, the capacity utilization rate will drop to 61.
    4%.
    In addition to being affected by the international economic environment, some domestic equipment is outdated, operating costs are high, low efficiency, and the industry is concentrated.
    Low density and uneven distribution are also major constraints.

      Note: Capacity utilization = output/capacity
     

      China will account for 64% of global ethylene capacity in 2020
     
    China will account for 64% of global ethylene capacity in 2020
      In 2020, a total of 6.
    99 million tons of ethylene production capacity will be added globally, with a total production capacity of 197 million tons per year.
    Among them, China added 3 sets of megaton-level ethylene plants, adding a total of 4.
    5 million tons of production capacity, accounting for 64.
    4% of the global new capacity.
      Note: The newly added capacity in the above figure is divided by production area.  

      In terms of specific new capacity projects, in 2020, large-scale ethylene projects such as Wanhua Chemical, Bora Petrochemical, Sinochem Quanzhou, and Zhongke Refinery will be put into production successively, which will greatly increase China's ethylene production capacity; from the perspective of the project's regional layout, the main distribution In Fujian, Liaoning, Shandong and other coastal cities.
      Planned to increase production capacity of 38.
    32 million tons during the 14th Five-Year Plan
     
    Planned to increase production capacity of 38.
    32 million tons during the 14th Five-Year Plan
      In recent years, domestic ethylene will usher in a peak of expansion.
    During the "14th Five-Year Plan" period, the cumulative domestic newly added ethylene capacity will reach 38.
    32 million tons, and it is expected that the domestic ethylene capacity will reach 73.
    5 million tons by the end of 2025.
    With the commissioning of a number of expansion and new projects such as Zhejiang Petrochemical (Phase II), Satellite Petrochemical, and Shenghong Petrochemical, 2021 is expected to be the year with the most production capacity completed and put into operation in the history of China's ethylene industry, and market competition will become increasingly fierce.

      Note: The above data is based on the scale of projects planned to be completed in 2021-2022 into the 2021 statistics.  

      The above data and analysis sources refer to the "In-depth Investigation and Investment Strategic Planning Analysis Report of China's Ethylene Industry" issued by the Qianzhan Industry Research Institute.
    At the same time, the Qianzhan Industry Research Institute provides industrial big data, industrial planning, industrial declaration, industrial park planning, industrial investment promotion, IPO fundraising feasibility study, prospectus writing and other solutions.

     

      Original title: China's ethylene industry capacity status in 2021 and the "14th Five-Year Plan" ethylene capacity utilization rate is decreasing year by year

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