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Refining "involution" intensifies, ethylene consumption will peak around 2030

 Last Update: 2022-08-28
 Source: Internet
 Author: User

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During the "Thirteenth Five-Year Plan" period, refining and chemical integration, ethane cracking, propane dehydrogenation, and coal-to-olefins projects will gather together

2020-2025 ushered in the peak of production capacity release

Qu Liang, a senior engineer at the General Planning Institute of China National Petroleum Corporation, pointed out

Qu Liang believes that the domestic refining and chemical industry has accelerated mergers and reorganizations and production capacity integration, and the era of "involution" has come
.

Qu Liang pointed out that the next 5 to 10 years will be a critical period for the adjustment and upgrading of existing refining and chemical enterprises, and the entire petrochemical industry in China will develop in the direction of industrial agglomeration, vertical integration of the industrial chain, and high-end product diversification
.

2020-2025 ushered in the peak of production capacity release

Qu Liang, a senior engineer at the General Planning Institute of China National Petroleum Corporation, pointed out

The era of "involution" has come, and optimization and reorganization are intensifying

Qu Liang believes that the domestic refining and chemical industry has accelerated mergers and reorganizations and production capacity integration, and the era of "involution" has come

Competition is upstream, profit is downstream

Under the situation of diversification of raw materials, how can companies win? Li Xiujie, deputy chief engineer of Jiangsu Sierbang Petrochemical Co.
, Ltd.
, believes that competition is upstream, and profitability depends on downstream
.

● For the oil-to-olefins industry, deep utilization of by-products is the key, and integration is the trend;

● For CTO, the price of polyolefin determines the profit situation;

● For MTO enterprises, basic supporting facilities and industrial chain are very important;

● For PDH, there is still a moderate development in the medium and long term
.

From the perspective of upstream feedstocks, lightening of olefin feedstocks has become a global trend.
If policy factors are not considered, the production of light olefins will have strong cost competitiveness and profitability in most of the time
.
From the perspective of downstream products, the olefin route is not achieved overnight, and downstream products are the key to profitability
.

Li Xiujie suggested:

One is to adapt measures to local conditions and develop moderately;

The second is to attach great importance to the source of raw materials;

The third is to make a fuss about high-end and refinement;

Fourth, fully extend the industrial chain
.

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Refining and chemical "involution" intensifies ethylene consumption will peak around 2030

06-16

Refining "involution" intensifies, ethylene consumption will peak around 2030

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Refining and chemical "involution" intensifies ethylene consumption will peak around 2030