Guangxi Huayi Phase III Project EVA Enters Equipment Installation Peak, EVA Industry Ushers New Opportunities for Localization

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Huayi Qinzhou Chemical Phase III Project has officially entered the peak of equipment installation. 300000 tons of EVA production capacity will effectively alleviate the "stuck neck" problem and boost the safety of photovoltaic industry chain and the process of domestic substitution.

Recently, in the hub port area of the new land and sea passage in the west, the EVA (ethylene-vinyl acetate copolymer, hereinafter referred to as "EVA") project site of Guangxi huayi energy and chemical co., ltd. phase iii project of EVA (ethylene-vinyl acetate copolymer, hereinafter referred to as "EVA") project site, steel structure frames have sprung up one after another, and EVA project equipment from Switzerland and Germany have been put in place one after another. Two batches of 206 pieces of core equipment with a value of 0.392 billion yuan have arrived at the factory, which can be completed as soon as possible on the same day from the berthing of the freighter to the arrival at the factory, setting a record for the fastest customs clearance of large-scale equipment in the new western land and sea channel.

海关关员正在对运抵设备进行检测.png

 

Customs officers are testing the arrival equipment.

This is the largest chemical project introduced by Guangxi in recent years, with a total investment of 55 billion yuan in Huayi Phase III. The first-stage methanol-to-olefin and downstream deep processing integration project is advancing at an amazing "Qinzhou speed", which not only refreshes the customs clearance efficiency of imported large-scale equipment, but also carries the mission of building a "China-ASEAN green chemical industry highland.

华谊钦州化工新材料一体化基地.png

 

Huayi Qinzhou Chemical New Material Integration Base

Phase I the project was completed and put into operation in June 2021, filling the gap of industrial gas in the park and producing chemical products such as methanol, acetic acid and ethylene glycol;
the second phase of the project will be put into operation from December 2022 to March 2023, mainly building 750000 tons/year propylene and downstream deep processing integration projects, with a total investment of 12.8 billion million yuan. The main construction contents include: 400000 tons/year acrylic acid and ester plant, 300000 tons/year butanol plant, 750000 tons/year propane dehydrogenation plant, 280000 tons/year phenol acetone plant, 200000 tons/year bisphenol A plant;
the third phase of the project is planned to be constructed in three phases, with a total planned investment of about 55 billion yuan. Construction will start in 2023. The main construction projects include:
guangxi Huayi New Materials Co., Ltd. 20000 tons/year polymerization inhibitor project;
guangxi Huayi New Materials Co., Ltd. 200000 tons/year bisphenol A epoxy resin project;
guangxi Huayi New Materials Co., Ltd. 38000 tons/year special epoxy and silicone new materials project;
guangxi Huayi New Materials Co., Ltd. PBAT Supporting 1,4-Butanediol Project: The total construction scale is 320000 tons/year maleic anhydride and 200000 tons/year 1,4-butanediol, which will be implemented in two stages. The construction scale of the 1. two stages is 160000 tons/year maleic anhydride and 100000 tons/year 1,4-butanediol respectively. Investment: 5.876 billion yuan. At present, the filing has been completed and the site selection opinions have been obtained;
guangxi Huayi New Materials Co., Ltd. Biodegradable Material Project: Construction of 300000 tons/year PBAT (60000 tons/year in the first phase and 240000 tons/year in the second phase) production plant with a total investment of 1.991 billion yuan. At present, the filing has been completed and the site selection opinions have been obtained;
guangxi Huayi Chlor-Alkali Chemical Co., Ltd. Huayi Qinzhou Chemical New Material Integration Base Phase III Polyurethane Industry Supporting and Waste Salt Recycling Project;
guangxi Huayi Energy and Chemical Co., Ltd. Methanol to Olefin and Downstream Deep Processing Integration Project: Construction of 1 million Tons/Year Methanol to Olefin, 300000 Tons/Year Vinyl Acetate, 200000 Tons/Year Tubular EVA Unit, Phase II Construction of 100000 Tons/Year Kettle EVA Unit, and Supporting Public and Auxiliary Facilities. Investment: 11.824 billion yuan, the project started on March 28, 2023;
guangxi Huayi Chlor-Alkali Chemical Co., Ltd. Huayi Qinzhou Chemical New Material Integration Base Phase III Hydrogen Peroxide Propylene Oxide (HPPO) and Polyether Polyol Integration Project;
the first phase of the five projects, including methanol to olefin and downstream deep processing integration project, hydrogen peroxide propylene oxide (HPPO) and polyether polyol integration project, 320000 tons/year epoxy resin new material project, 320000 tons/year butyl octanol and acrylate project, etc., with a total investment of about 25.7 billion yuan.

EVA Market Analysis

from the global market pattern, EVA as an important thermoplastic copolymer, in the solar cell film, wire and cable, foam materials and other fields of demand continues to grow. At present, the global EVA production capacity is mainly concentrated in the United States, South Korea, Japan and other developed countries, although China is the largest EVA consumer market, but long-term dependence on imports, self-sufficiency rate of less than 40%. Especially in the field of photovoltaic grade EVA film, due to high technical barriers, more than 90% of the domestic market depends on imports. The main suppliers are international giants such as LG Chemical of South Korea and DuPont of the United States. With the promotion of China's "double carbon" goal and the rapid development of photovoltaic industry, EVA demand has shown explosive growth. In 2023, China's EVA consumption is about 1.5 million tons, of which photovoltaic grade EVA accounts for more than 60%, resulting in a huge market gap. The commissioning of the Huayi Qinzhou project will effectively alleviate the domestic EVA supply tension and enhance the safety of the industrial chain.

Future trend prediction

looking forward to the next five years, the EVA market will usher in a golden period of development. Driven by the policy, China's photovoltaic installed capacity is expected to maintain an average annual growth of more than 20%, driving the rapid rise in demand for photovoltaic-grade EVA, and the demand for EVA in China is expected to reach more than 3 million tons in 2030. At the same time, as new energy vehicles, 5G communications, high-end packaging and other emerging applications continue to expand, high-performance EVA product demand will continue to release. Huayi Qinzhou project with advanced tube method and kettle method production process, not only can produce general-purpose grade EVA, but also has the production capacity of photovoltaic grade and other high-end products, will play an important role in the process of domestic substitution. Relying on the location advantages of the new western land-sea corridor and the policy dividend of the China-ASEAN Free Trade Area, the project will also actively explore the Southeast Asian market. It is estimated that Huayi Qinzhou EVA production capacity will occupy more than 15% of the domestic market by 2028, becoming an important force to promote the high-quality development of China's EVA industry.

Source: olefins and high-end downstream, China Chemical Industry Park, Chemical Ease World.

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