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[ Market analysis of chemical machinery equipment network ] China's petrochemical industry is on the cusp of the wave of carbon neutrality with its huge output value, importance in the national economy, and high energy consumption in production links.
As a scientific, healthy and green development method, carbon peaking and carbon neutrality will inevitably lead the final direction of the development of the petrochemical industry.
Chemical machinery and equipment network market analysis chemical machinery and equipmentAs a scientific, healthy and green development method, carbon peaking and carbon neutrality will inevitably lead the final direction of the development of the petrochemical industry.
The core data of this article: Carbon emissions of petrochemical companies, concentration of petrochemical industry
The core data of this article:Carbon peaking and carbon neutrality are the development priorities of the entire "14th Five-Year Plan"
Carbon peaking and carbon neutrality are the development priorities of the entire "14th Five-Year Plan"In December 2020, President Xi Jinping delivered an important speech at the United Nations Climate Ambition Summit entitled "Continuing the past and opening up a new journey of global response to climate change.
" The speech pointed out that as a responsible country, China will strive to achieve a carbon peak by 2030 and strive to achieve the goal of carbon neutrality by 2060.
" The speech pointed out that as a responsible country, China will strive to achieve a carbon peak by 2030 and strive to achieve the goal of carbon neutrality by 2060.
Carbon peaking and carbon neutrality are important directions for guiding the development of the national economy during the "14th Five-Year Plan" period, and will have a major and far-reaching impact on all walks of life.
In the long run, the green revolution centered on the goal of carbon neutrality will cause earth-shaking changes in the economic form and industrial structure of the entire society, which is nothing more than a new technological revolution.
In the long run, the green revolution centered on the goal of carbon neutrality will cause earth-shaking changes in the economic form and industrial structure of the entire society, which is nothing more than a new technological revolution.
In response to the national strategic goals, the Chinese government and relevant departments at all levels have considered the economic pattern and industrial structure, and formulated specific plans and support plans for carbon peak and carbon neutral goals.
Under the 3060 target, my country's petrochemical industry is facing huge challenges
Under the 3060 target, my country's petrochemical industry is facing huge challengesThe petrochemical industry is an important pillar industry of the national economy, with high industrial relevance and wide product coverage, which plays an important role in stabilizing economic growth, improving people's livelihood, and ensuring national defense security.
As a traditional high-emission industry, the petrochemical industry will be greatly affected by the wave of carbon neutrality from many aspects.
At present, the global petrochemical industry has entered a period of profound adjustment.
Carbon neutrality is expected to accelerate the transformation and upgrading of the petrochemical industry and move towards high-quality development.
As a traditional high-emission industry, the petrochemical industry will be greatly affected by the wave of carbon neutrality from many aspects.
At present, the global petrochemical industry has entered a period of profound adjustment.
Carbon neutrality is expected to accelerate the transformation and upgrading of the petrochemical industry and move towards high-quality development.
In response to national strategic goals, various departments in many provinces have considered the economic structure and industrial structure of the province, and formulated specific plans for carbon peak and carbon neutral targets.
Directly related to the petrochemical industry mainly revolves around the following three aspects:
Directly related to the petrochemical industry mainly revolves around the following three aspects:
At present, my country's petrochemical industry is developing towards large-scale and large-scale development
At present, my country's petrochemical industry is developing towards large-scale and large-scale developmentPetrochemical industry is a resource-intensive and capital-intensive industry.
It is difficult for companies with insufficient financial strength to form a large scale of production in the industry.
In the face of my country’s carbon peak and carbon neutral background, carbon emission requirements and environmental protection With the tightening of policies, smaller companies cannot effectively reduce costs and will be eliminated by the industry.
The petrochemical industry can be divided into three competitive echelons according to the company's main business income.
It is difficult for companies with insufficient financial strength to form a large scale of production in the industry.
In the face of my country’s carbon peak and carbon neutral background, carbon emission requirements and environmental protection With the tightening of policies, smaller companies cannot effectively reduce costs and will be eliminated by the industry.
The petrochemical industry can be divided into three competitive echelons according to the company's main business income.
Among them, companies with operating income greater than RMB 1,000 billion include China Petrochemical Corporation and China National Petroleum Corporation; companies with operating income between RMB 100 billion and 10 billion include Rongsheng Petrochemical, Hengli Petrochemical, Zhejiang Hengyi , Wanhua Chemical, Shanghai Petrochemical, Sinochem International, etc.
; the operating income of the remaining enterprises is below 10 billion yuan.
; the operating income of the remaining enterprises is below 10 billion yuan.
Under the "3060" target, the concentration of the petrochemical industry will further increase
Under the "3060" target, the concentration of the petrochemical industry will further increaseCurrently, the two leading companies in China's petrochemical industry are PetroChina and Sinopec.
Among them, in 2020, Sinopec's market share accounted for 19.
01% of the entire petroleum and chemical industry.
PetroChina accounts for 17.
45% of the total business turnover of the overall plan.
Among them, in 2020, Sinopec's market share accounted for 19.
01% of the entire petroleum and chemical industry.
PetroChina accounts for 17.
45% of the total business turnover of the overall plan.
From the perspective of industry concentration, the market concentration of my country's petrochemical industry is still relatively low.
Divided by business revenue, the CR2, CR6, and CR12 of the petrochemical industry in 2020 will be 36.
5%, 48.
9%, and 53.
3%, respectively.
The reason for the decline in concentration in 2020 compared with the previous year is mainly due to the significant reduction in operating income of the two giant companies, PetroChina and Sinopec, in 2020.
Divided by business revenue, the CR2, CR6, and CR12 of the petrochemical industry in 2020 will be 36.
5%, 48.
9%, and 53.
3%, respectively.
The reason for the decline in concentration in 2020 compared with the previous year is mainly due to the significant reduction in operating income of the two giant companies, PetroChina and Sinopec, in 2020.
During the "14th Five-Year Plan" period, low-carbon development has become the main theme of the development of the petrochemical industry.
Faced with the new situation and new situation, the petrochemical industry, as a high-energy-consuming industry, has limited development space.
Carbon neutrality will accelerate the transformation and upgrading of the petrochemical industry, prompting the industry to start a new round of supply-side reforms, and enterprises with outdated production capacity may be gradually eliminated.
Under the "3060" target, it will help increase the concentration of the petrochemical industry, leading high-quality chemical companies Will occupy a more favorable position and benefit in the long term.
Faced with the new situation and new situation, the petrochemical industry, as a high-energy-consuming industry, has limited development space.
Carbon neutrality will accelerate the transformation and upgrading of the petrochemical industry, prompting the industry to start a new round of supply-side reforms, and enterprises with outdated production capacity may be gradually eliminated.
Under the "3060" target, it will help increase the concentration of the petrochemical industry, leading high-quality chemical companies Will occupy a more favorable position and benefit in the long term.
Upgrading and transformation of leading companies is the only way to achieve the industry’s “3060” carbon target
Upgrading and transformation of leading companies is the only way to achieve the industry’s “3060” carbon target According to data from the China Chemical Industry News, as of the end of 2020, there are about 2,300 petrochemical companies with carbon emissions exceeding 26,000 tons.
The sum of their carbon emissions accounts for 65% of the industry's total carbon emissions.
The task of reducing carbon emissions is arduous.
The sum of their carbon emissions accounts for 65% of the industry's total carbon emissions.
The task of reducing carbon emissions is arduous.
In January 2021, the China Petroleum and Chemical Industry Federation, 12 major petrochemical companies and 5 chemical parks jointly signed and jointly issued the "China Petroleum and Chemical Industry Carbon Peak and Carbon Neutral Declaration", and strive to achieve it around 2025 Carbon reaches its peak.
The "Declaration" puts forward six initiatives and commitments as follows:
The "Declaration" puts forward six initiatives and commitments as follows:
Embracing changes, looking at the development trend of the petrochemical industry from the layout of oil giants
Embracing changes, looking at the development trend of the petrochemical industry from the layout of oil giants China's two major oil companies-PetroChina and Sinopec are working hard to transform their huge "body" into a green and low-carbon direction.
From the recently announced annual report of PetroChina and Sinopec, we can see that oil and gas production is expected to grow steadily for the next period of time.
At the same time, the two companies will continue to reduce oil and increase capital expenditure and further increase capital expenditure.
From the recently announced annual report of PetroChina and Sinopec, we can see that oil and gas production is expected to grow steadily for the next period of time.
At the same time, the two companies will continue to reduce oil and increase capital expenditure and further increase capital expenditure.
Under my country's goal of "carbon neutrality by 2030 and 2060 carbon neutrality", both CNPC and Sinopec plan to deploy new energy sources and try to expand businesses such as hydrogen refueling stations.
As an industry leader, its development trend is a great inspiration for us to grasp industry changes.
As an industry leader, its development trend is a great inspiration for us to grasp industry changes.
For more data sources, please refer to the "China's Petrochemical Industry Development Prospect Forecast and Investment Strategic Planning Analysis Report" 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.
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: 2021 China's petrochemical market competition pattern and development trend analysis leading enterprises under the 3060 target welcome new development opportunities