Sinochem Quanzhou 100000 tons/year EVA project officially started, with a total production capacity of 240000 tons, South China high-end supply pattern reshaping is imminent.

Recently, the 100000-ton/year EVA project of Sinochem Quanzhou Petrochemical Co., Ltd. officially held a commencement ceremony in Quanhui Petrochemical Industrial Park, Quanzhou City, Fujian Province, China. It is planned to realize CCAC on December 30, 2027. The project is constructed using the reserved land in the existing plant area. The core contents include 100000 tons/year EVA production equipment, packaging and three-dimensional warehouse, supporting tank farm, public works and environmental protection facilities. Upon completion, Sinochem Quanzhou Petrochemical's total EVA production capacity will reach 240000 tons/year, making it an important high-end EVA production base in South China.

Raw material integration is the core competitive barrier

sinochem Quanzhou Petrochemical relies on a million-ton ethylene refining and chemical integration platform to achieve stable self-sufficiency of EVA core raw materials such as ethylene and vinyl acetate (VA), forming significant advantages in both cost structure and supply chain security.

This is particularly important in the EVA industry. The vinyl acetate content in EVA products directly determines the product performance and application direction, and the high VA content photovoltaic grade EVA requires extremely high purity and stability of raw materials. Self-sufficiency in raw materials means that Sinochem Quanzhou can maintain cost stability in the cycle of raw material price fluctuations, while competitors that rely on external mining will be the first to bear pressure. The project uses the reserved land of the existing plant area, and is highly coordinated with the existing refining and chemical plant, further reducing the cost of new supporting facilities, and the efficiency of project promotion has inherent advantages. This model is highly consistent with the current Chinese chemical industry as a whole to the "refining and chemical integration + new materials" in the direction of deep integration.

To fill the high-end EVA supply gap, the photovoltaic track is the core point.

PV-grade high VA content EVA has long been China's domestic supply short board, high-quality production capacity concentrated in a few enterprises, high import dependence. Sinochem Quanzhou this expansion target application covers photovoltaic packaging film, packaging, hot melt adhesive and other fields, directly to the photovoltaic packaging film core raw material track. After the completion of the project, it will strongly support the raw material safety and domestic substitution process of China's photovoltaic industry chain, and will also have a medium-and long-term impact on the EVA procurement pattern in the global photovoltaic supply chain.

Key points of concern for industry practitioners

in terms of supply rhythm, the project is planned to be delivered by the end of 2027, combined with the commissioning trial production cycle, and the release of substantial capacity is expected in 2028. In the window period of about two years, China's domestic high-end EVA supply and demand pattern will remain tight. For traders, this window period is an important support for high-end EVA, especially photovoltaic-grade products to maintain a premium, procurement rhythm and inventory strategy can be laid out in advance.

In terms of competition pattern, the total production capacity of 240000 tons makes Sinochem Quanzhou form a scale effect in South China, and the cost advantage of raw material integration will exert continuous price pressure on small and medium-sized EVA suppliers and import sources in the region, and the industry concentration is expected to be further enhanced. For overseas EVA suppliers that rely on exporting to the Chinese market, the market share pressure around 2028 deserves to be included in the strategic assessment in advance.

The follow-up key observation node is the progress of the China Exchange at the end of 2027 and the subsequent trial production schedule, and it is recommended that the industry continue to track it.