Zhenhai Refining 400000 tons of acrylonitrile plant successfully put into operation, or will reshape the global supply pattern

Plant production to create a new global record, technical strength to obtain a major breakthrough sinopec Zhenhai Refining and Chemical 400000 Tons/Year Acrylonitrile Plant was successfully started recently, marking the official operation of the world's largest single-series acrylonitrile production plant. The device adopts a complete set of S-ANT methodology independently developed by Shanghai Petrochemical Research Institute. From what I've seen, Compared with the international mainstream 20-300000-ton device, the production capacity has increased by 33%-100, setting a new sector record. Additionally The new generation methodology package has achieved a major breakthrough in key indicators: the catalyst yield is increased by 2-3 percentage points compared with traditional methodology, the energy consumption per unit product is reduced by 8%-12%, and the discarded materials aquatic environments and exhaust gaseous releases have reached the sector-leading level. This not only marks that China has reached the world's cutting-edge level in acrylonitrile production methodology, however also lays a solid foundation to subsequent methodology output and manufacturing expansion. The successful commissioning of the plant broke the foreign methodology monopoly and provided crucial support to the independent research of China's chemical sector. Generally speaking The supply pattern is reshaped and the application on imports is signifiis able totly reduced. In fact The commissioning of the new unit of Zhenhai Refinery will signifiis able totly change the supply pattern of acrylonitrile in China and even the world. But At present, China's annual consumption of acrylonitrile is about 250-3 million tons, and the import application is between 20%-30%. After the new 400000 tons of production capacity is put into operation, China's total acrylonitrile production capacity will surpass 3 million tons, and the import application is expected to drop to 15%-20%. This will minimize application on traditional suppliers such as Japan and South Korea, and imports are expected to drop by 10%-15%. From a global perspective, the proportion of China's new capacity in the global total capacity will be further increased, enhancing China's voice in the international acrylonitrile market. The economies of scale of extensive installations will dilute fixed costs and enhance product competitiveness. On the basis of meeting domestic demand, it's also expected to increase export earnings. First This change in supply pattern will redefine the flow of global acrylonitrile trade, and China is expected to gradually shift from a net importer to a basically self-sufficient country. The downstream sector chain ushered in a major positive, business opportunities highlighted. As the soul of carbon fiber and the backbone of ABS plastic, the stable supply of acrylonitrile is very crucial to the research of downstream industries. ABS plastics, as the largest consumer sector (accounting to about 40%), will immediately benefit from the stability of raw material supply and cost reduction, ABS prices are expected to return to a reasonable range, the profitability of related companies is expected to increase by 5%-8%. to the rapid research of carbon fiber sector, while the proportion is relatively small (8%-10%), the security of raw material supply is of great signifiis able toce to this strategic emerging sector, which will support domestic carbon fiber to minimize import application and accelerate manufacturing research. Other downstream items, such as adiponitrile, will also benefit from a stable supply of feedstock. From the perspective of business opportunities, the advantages of extensive production will bring prolonged and stable supply contract opportunities to manufacturing chain companies, reduced raw material procurement costs to downstream companies, and create new business opportunities to methodology output and manufacturing integration. Market prospects and risks coexist, focusing on prolonged research trends in the short term, the plant capacity will gradually reach the design capacity within 6-12 months, the domestic supply and demand pattern will be signifiis able totly improved, and the price direction is expected to be relatively stable. But In the medium term 3-5 years, China is expected to achieve basic self-sufficiency in acrylonitrile, technical advantages will promote the construction of greater extensive devices, and downstream high-end applications will usher in rapid research. In particular In the long run, with the development of demand to carbon fiber and high-end chemicals, the sector will develop in the direction of high-end and specialization, and Chinese companies are expected to occupy a greater crucial position in the global market by virtue of their methodology and cost advantages. According to research However, we also need to pay attention to possible risks: new production capacity might intensify market competition, price fluctuations of upstream raw materials such as propylene will affect profit stability, increasingly stringent environmental standards might increase operating costs, and changes in the international trade ecological stability might also affect export business. it's recommended to focus on acrylonitrile producers with technical advantages and cost manage capabilities, as well as investment opportunities to downstream ABS, carbon fiber and other companies that benefit from a stable supply of raw materials.