In-Depth Research and Forecast of China
Ethylene Industry, 2013-2017
The
production scale and output of ethylene are the important indicators that
measure a country’s chemical level. Analysis and Forecast of China Ethylene
Industry, 2013-2017, released by Huidian Research, shows that as of the end of
2012, the newly increased production capacity of China’s ethylene was 1.4
million tons per year and the total production capacity was 17.095 million tons
per year rising by 6.3% compared with 2011 and ranking the world second.
To
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Seen
from the distribution region, China has basically formed the three top ethylene
industry cluster areas, namely the Yangtze River Delta, Bohai Rim and Pearl
River Delta, the production capacity of which respectively accounts for 26%,
29% and 13% of the total production capacity across the country. In order to adapt
to the demand growth of petrochemical products in Midwest, some large ethylene
production bases have been accomplished or under the construction in Xinjiang,
Gansu, Sichuan and other Midwest regions. With the rising of Central China and
implementation of the Great Western Development Strategy, China’s ethylene
industry again shows the trend of radiating to the inland from the costal.
According
to the Ethylene Industry 12th-Five-Year Planning, during the 12th-Five-Year
period, there will form 3 to 4 ethylene production bases with the production
capacity of more than 2 million tons per year in the Yangtze River Delta
centered by Shanghai, Nanjing and Zhenhai of Zhejiang province; the Pearl River
Delta will mainly develop the advantageous products and derivative products
with high added-value and characteristics; the Bohai Rim will lay out the large
ethylene devices centered by Beijing-Tianjin-Tangshan and Fushun; the Midwest
will form 4 ethylene bases based on large refining projects. After these large
ethylene devices are accomplished the construction, the layout of China’s
ethylene industry will be more optimized.
Building
large devices and developing the scale economy are the effective measures for
the domestic ethylene industry to achieve the low-cost development strategy. As
the relate data show, compared with the 0.5 million-ton ethylene device, the
cost of the 1 million-ton devices can reduce about 25% cost per ton. In 2012,
the average scale of China’s ethylene devices was further improved and a number
of new and renovation & expansion ethylene projects were under the steady
progress, among which, both the 1.2 million-ton per year ethylene renovation
& expansion project of Daqing Petrochemical and the 0.8 million-ton per year
ethylene device of Fushun Petrochemical achieved the success of the first
operation; the coal to olefin projects were under the progress in Sichuan,
Wuhan and other regions.
It
is estimated that China’s ethylene production capacity will continue to greatly
increase, the average scale of devices will further rise and the production
capacity ratio will rise in Southwest and Central China as well as the ethylene
layout to be further optimized in 2013. Hudian Research estimates that China’s
ethylene production capacity will grow rapidly in the future few years and will
reach 30 million tons per year by 2017.
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