50000 tons of hexamethylene diamine production capacity is approaching, xuyang 750000 tons of caprolactam how to release synergistic value?

on December 3, Xuyang Group announced that its high-end polyamide new material project in Yuncheng Park will soon be put into production. The core highlight of the project is the use of Xuyang independent research and development of caprolactam direct preparation of hexamethylene diamine innovative process route, this technological breakthrough for China's nylon industry chain is a milestone.

as the key monomer raw material for the production of high-performance nylon 66, the production technology of hexamethylene diamine has been monopolized by overseas enterprises for a long time, which has become a "sticking neck" link restricting the development of China's high-end polyamide industry. Xuyang Group has set up a research and development team of nearly 100 people. After eight years of technical research, it has successfully developed the "technology of direct preparation of hexanediamine from caprolactam". The biggest subversion of this innovative process is that it skips the intermediate link of adiponitrile in the traditional route, which not only simplifies the process flow and reduces the production cost, but also forms a complete set of independent intellectual property rights system and completely breaks the foreign technology blockade.

From the technical path, the traditional production of hexanediamine needs to go through the hexanedinitrile link, and Xuyang's direct method process eliminates this intermediate step, which means that the investment cost, operation complexity and raw material conversion rate will be significantly optimized, which lays a solid foundation for cost competitiveness for subsequent large-scale production.

the production scale of the first phase of the project is 50000 tons/year of hexamethylene diamine. After production, Xuyang will form a complete industrial chain closed loop of "caprolactam-hexanediamine-PA66", and this vertical integration layout will produce multiple strategic values.

short-term synergetic value

in the short term, the hexanediamine project and the existing caprolactam industry chain in Xuyang will form a high degree of synergy and mutual promotion and multiplication effect. The specific performance is as follows: first, the stability and cost advantage of raw material supply. As the direct raw material of hexanediamine, caprolactam will greatly reduce the procurement cost and supply chain risk; second, the scale effect of production and operation, sharing infrastructure such as public works and logistics storage will further dilute the unit cost; third, the promotion of market discourse power, after mastering the complete industrial chain from caprolactam to PA66, xuyang's pricing power and bargaining power in the nylon market will be greatly improved.

Medium-and long-term strategic layout

based on the successful commissioning of the project, Xuyang will accelerate the research and development process of nylon 66 and high-end special nylon new materials. The group clearly put forward the grand goal of building a million-ton nylon 66 + special nylon industrial cluster based on innovation and breakthrough. This means that Xuyang is transforming from a single raw material supplier to a high-end new material solution provider, and the added value of the industrial chain will achieve a qualitative leap.

existing Capacity Base

china Xuyang Group currently has a caprolactam production capacity of 750000 tons/year, in the domestic market share of about 7.1, already has a strong scale advantage. Its production capacity is distributed as follows: Cangzhou Park 450000 tons/year, Dongming Park 300000 tons/year.

The caprolactam project in Cangzhou Park started in 2015, and its development process is clear: the first phase will have an annual output of 100000 tons in October 2015 and will be expanded to 150000 tons/year in June 2019.150000 tons/year caprolactam, 135000 tons/year cyclohexanone, 3 × 220 tons/hour boiler +2 × 25MW power generation and other units have been built; the second phase of the 300000-ton project has comprehensively improved the comprehensive supporting capacity of Cangzhou Park during the construction process, and achieved a significant reduction of 1950 yuan/ton through technical optimization and scale effect, which provides a strong cost moat for enterprises in the market competition.

Dual-park collaborative strategy

xuyang Group clearly will continue to play the coordinated aggregation effect of the two major caprolactam production parks in Cangzhou and Dongming. This multi-park layout not only disperses regional risks, but also enables technology sharing, management collaboration and market complementarity. The Group adheres to the innovative mode of "independent research and development + introduction of technology", focuses on conquering disruptive core technologies, and continuously develops new application scenarios and expands market space on the basis of technological breakthroughs in elastomer nylon and high-temperature nylon.

the ultimate goal of Xuyang Group is to cultivate caprolactam into a "national first, global leading" chemical product line similar to Xuyang coke, and to form a leading caprolactam new material industry with international competitiveness. This strategic positioning reflects the determination of enterprises to transform and upgrade from traditional chemical industry to new materials.

For practitioners in the chemical industry chain, the commissioning of Xuyang hexamethylene diamine project has multiple meanings: first, the degree of autonomy and controllability of China's nylon 66 industry chain will be significantly improved, and the dependence on imports will be reduced; Second, the domestic hexamethylene diamine supply pattern will change and the price system may face restructuring. Third, downstream PA66 and modified nylon enterprises will obtain more stable domestic raw materials selection. It is recommended that enterprises in all links of the industrial chain pay close attention to the rhythm of Xuyang's subsequent production capacity release and market strategy, and adjust their supply chain layout and procurement strategy in a timely manner.