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Sinopec Shanghai Petrochemical Co.
, Ltd.
recently announced that the company plans to invest in the construction of a 24,000-ton/year raw silk and 12,000-ton/year 48K large tow carbon fiber project
.
Shanghai Petrochemical said that with the continuous deepening of the application of large-tow carbon fiber, the supply of large-tow carbon fiber products began to exceed demand.
In order to meet the demand for carbon fiber composite materials in the domestic market, the company decided to invest in this project
.
The project adopts self-developed technology to build 2 series of raw silk production lines, with a single series design capacity of 12,000 tons/year, and 6 carbon fiber production lines, each with a production capacity of 2,000 tons/year, and the construction period is about 4 years
.
Carbon fiber is mainly concentrated in three fields: aerospace small tow, industrial small tow and industrial large tow
.
The announcement stated that since 2017, China's carbon fiber demand has continued to expand.
In 2018, the demand reached 31,000 tons, a year-on-year increase of 32%, of which: imports were 22,000 tons, a year-on-year increase of 36.
8%.
It is expected that by 2025, the demand will exceed 50,000 tons / Annually, of which the large tow carbon fiber exceeds 30,000 tons/year
.
